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AGREEMENT <br />WHEREAS, this agreement is entered into by the City of Little <br />Canada, a Municipal Corporation, hereinafter "City ", and LeRoy J. <br />Rossow, hereinafter "Rossow ". <br />WHEREAS, public improvements are being made in the Ryan <br />Industrial Park area which affect Rossow's property. <br />WHEREAS, a component of the project involves the improvement of a <br />drainage ditch through Rossow's property. <br />WHEREAS, Rossow is desirous of eliminating a drainage ditch <br />through his property by placement of a storm sewer pipe in lieu of <br />said ditch. <br />WHEREAS, said storm sewer pipe is proposed to be located on the <br />North ten feet of Lot 5, Block 4; Ryan Industrial Park. <br />WHEREAS, Rossow recognizes the additional expense associated with <br />the placement of storm sewer pipe through his property is of benefit <br />to him. <br />NOW, THEREFORE City and Rossow, in consideration of the <br />foregoing, and for the consideration of the promises and agreements <br />set forth below, the adequacy of which consideration is hereby <br />acknowledged, hereby agreed, promise and pledge as follows: <br />1. Rossow will install all necessary storm sewer improvements <br />on his property pursuant to plans and specifications for Ryan <br />Industrial Park Street Improvements, City Project 91 -11, prepared by <br />Bonestroo, Rosene, Anderlik and Associates, and dated June, 1993; the <br />receipt of these documents Rossow hereby acknowledges. <br />2. Said storm sewer piping is <br />1993 in order to allow the City's <br />balance of the Ryan Industrial Park <br />storm sewer improvement on Rossow's <br />August 30, 1993. <br />to be installed by August 11, <br />contractor to proceed with the <br />Improvement Project. The entire <br />property is to be completed by <br />3. The City will compensate Rossow $7,000 for payment of <br />construction of said system in lieu of the ditch work the City would <br />have undertaken on Rossow's property. However, for each day Rossow <br />exceeds the August llth date, $500 will be deducted from the amount <br />due until said work is completed. Should work still not be completed <br />on the piping by August 16, 1993, Rossow acknowledges the City's <br />right to suspend Rossow's work on said improvement and to have any <br />uncompleted work done by the City's contractor at Rossow's expense. <br />Should the entire system improvements not be completed by August 30, <br />1993, any work not completed will be deducted from the amount due <br />Rossow and the City will have the work completed at it's discretion. <br />4. Rossow agrees to grant a permanent drainage easement over <br />the north ten feet of Lot 5, Block 4, Ryan Industrial Park. <br />-1- <br />Page 12 <br />