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(top 3 inches reserved for recording) <br />DRAINAGE AND UTILITY EASEMENT AGREEMENT <br />This Drainage and Utility Easement Agreement is entered into by and between Peltier <br />Lake, LLC and Bernice M. Salo, individually and as trustee of the Trust Agreement of James W. <br />Salo and Bernice M. Salo dated December 17, 2013 ("Grantor"), and the City of Lino Lakes, a <br />municipal corporation under the laws of Minnesota ("Grantee"). <br />RECITALS <br />WHEREAS, Grantee is engaged in a project involving the installation of utility services <br />("Project"); and <br />WHEREAS, Grantee requires a permanent drainage and utility easement over a portion of <br />Grantor's property, which portion is legally described in Exhibit A and depicted in Exhibit B <br />("Easement Area"), in order to complete the Project; and <br />WHEREAS, Grantor agrees to grant a permanent drainage and utility easement to Grantee <br />according to the terms and conditions contained herein. <br />TERMS OF EASEMENT <br />NOW THEREFORE, IN CONSIDERATION OF the foregoing and the mutual <br />promises and agreements contained herein and for other good and valuable consideration, the <br />receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: <br />1. Grant of Easement. Grantor hereby grants and conveys to Grantee a permanent <br />drainage and utility easement over, under, and across the Easement Area, as described in the <br />attached Exhibit A and depicted in the attached Exhibit B. <br />2. Scope of Easement. The easement granted hereunder includes the right of Grantee, <br />its contractors, agents, and employees to enter upon said premises at all reasonable times for the <br />purposes of construction, grading, sloping, and restoration purposes, and all purposes ancillary <br />