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AGREEMENT <br />THIS AGREEMENT is made and entered into this day of <br />2001, by and between the City of Little Canada, a municipal corporation under the laws of <br />the State of Minnesota, and /or its agents or assigns (hereinafter referred to as "Little <br />Canada ") and William J. Schmidt (hereinafter referred to as "Schmit ") and his successors <br />and assigns, Paul J. Sprosty and Lura Sprosty, husband and wife (hereinafter collectively <br />referred to as "Sprosty ") and their successors and assigns, and Larry Kerr and Denise Kerr, <br />husband and wife (hereinafter collectively referred to as "Kerr ") and their successors and <br />assigns. <br />WITNESSETH: <br />WHEREAS, Schmidt owns the property legally described on Exhibit "A"; and <br />WHEREAS, Sprosty owns the property legally described on Exhibit `B "; and <br />WHEREAS, Kerr owns the property legally described on Exhibit "C"; and <br />WHEREAS, an infiltration pond previously existed on the Kerr property and <br />satisfactorily served the drainage needs of the immediate area; and <br />WHEREAS, Schmidt, Sprosty, and Kerr agree it is mutually desirable to improve <br />their respective properties by the construction of a new pond on a portion of all three <br />properties. A copy of the Site Plan for the construction of said pond is attached hereto and <br />incorporated herein as Exhibit "D ". The legal description for said pond is as set forth on <br />Exhibit "E"; and <br />WHEREAS, Schmidt, Sprosty, and Kerr have agreed to work together to maintain <br />the turf associated with the pond; and, <br />II: Krisl' \CORIZESP \Kris' 2001 \AGREEM ENT.doc <br />PAGE 9 <br />