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2. Release. City represents that all work required to repair the sanitary sewer line associated <br /> with the February 2013 incident is completed, with the exception of the placement of new <br /> pavement on County Road I as required by the County in response to the damage caused by <br /> the sewer repair work. In consideration of Pleasant Lake's payment referred to in paragraph <br /> 1 above,City agrees to release Pleasant Lake from any further payment for the sewer repair <br /> work completed in February 2013 that was performed on the Property and in the right-of-way <br /> of County Road I adjacent to the Property,and for the placement of new pavement on County <br /> Road I as required by the County. Said release shall only apply to costs incurred to complete <br /> the repairs for the February 2013 incident and to place the required new pavement on County <br /> Road I made necessary by the February 2013 sewer repair work. <br /> 3. Assessment. In consideration of Pleasant Lake's payment referred to in paragraph 1 above, <br /> City agrees not to impose a special assessment against the Property for costs specifically <br /> associated with the February 2013 sewer repairs. <br /> 4. Governing Law. This Agreement shall be construed in accordance with the laws of the State <br /> of Minnesota. <br /> 5. Counterparts. This Agreement may be executed in multiple counterparts,each of which shall <br /> be deemed an original,but all of which together shall constitute one and the same document. <br /> 6. Recitals. The recitals set forth above are incorporated herein by reference as if fully set forth <br /> herein. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement below. <br /> CITY OF MOUNDS VIEW PLEASANT LAKE PROPERTIES, LLC <br /> Joe Flaherty Rajiv Garg <br /> Mayor President <br /> Dated: February 24, 2014. Dated: February 24, 2014. <br /> James Ericson <br /> City Administrator <br /> Dated: February 24, 2014. <br />