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UTILITY AND DRAINAGE EASEMENT <br />KNOW ALL MEN BY THESE PRESENTS: <br />1. Easement Granted. The Ramsey - Washington Metro Watershed <br />District, a Minnesota Municipal Corporation (hereinafter called "Grantor ") in <br />consideration of the sum of One Dollar and other good and valuable consideration, to <br />them In hand paid by the City of Little Canada, a Minnesota Municipal Corporation <br />(hereinafter called "City), does hereby grant a permanent utility and drainage easement <br />to the City of Little Canada. The legal description for said easement is described as <br />follows: <br />See attached Exhibit "A ". <br />2. Duration. Said easement shall be permanent. Said easement shall run <br />with the land and extend to and bind the heirs, representatives, successors and assigns <br />of the parties hereto respectively. In the event the City, by resolution of its Board, <br />determines that it no longer requires the use of said property for the purpose described <br />above, then and in such event, the said easement, together with all rights and privileges <br />granted therewith, shall terminate. <br />3. Covenant of Ownership. The Grantor does hereby covenant that it is <br />lawfully seized and possessed of the real estate described in the attached Exhibit "B" <br />( "Servient Property "). Said property is owned free and clear of all encumbrances. <br />4. Covenants of City of Little Canada. In consideration of the easement <br />granted hereby, the City covenants as follows: <br />2 <br />