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UTILITY AND DRAINAGE EASEMENT AGREEMENT <br /> 111 THIS EASEMENT AGREEMENT made this day of <br /> , 1996, by and between Larry K. Beach and Shelley <br /> B. Beach, husband and wife (hereinafter referred to as <br /> "Grantors" ) and the City of Mounds View, a Minnesota municipal <br /> corporation, (hereinafter referred to as "City" ) ; <br /> WHEREAS, Grantors are the fee owners of land located in <br /> Ramsey County, Minnesota more fully described in Exhibit "A" <br /> attached hereto and made a part hereof and said land hereinafter <br /> referred to as the "Property"; and <br /> WHEREAS, Grantors have requested the City approve a lot <br /> division for the Property; and <br /> WHEREAS, the City has agreed to approve the lot division <br /> upon the condition that Grantors grant to the City certain <br /> • utility and drainage easements affecting the Property; and <br /> WHEREAS, Grantors and the City wish to enter into an <br /> agreement which will grant to the City a utility and drainage <br /> easement over a portion of the Property as more fully described <br /> in Exhibit "B" attached hereto and made a part hereof, <br /> hereinafter referred to as the "Easement Area"; <br /> NOW THEREFORE, FOR VALUABLE CONSIDERATION, the receipt and <br /> adequacy of which is hereby acknowledged, and in consideration of <br /> the premises contained herein, it is agreed by the parties as <br /> follows: <br /> 1. Grantors hereby convey to the City and its successors <br /> and assigns an utility and drainage easement in, under, <br /> on and over the easement area, and the City hereby <br /> accepts such conveyance. <br /> 111 1 <br />