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<br />.}i.-" ....' .........\..:\.:.11........."'\..'. ..................'...1..' . - . ~ ..... - -- . ~1.....\..;;'..;.1 . ,'..._', _......\.... '..-. -. - -"".- ,<,.;'-"". - "--'- <br />I' ?!te <br />I <br /> 4 . Cause the removal of Billboards 1 and 2. <br />ft K. Seller has agreed to convey Parcels A, B, and C; <br /> provide temporary and permanent easements over Parcel <br /> D; and cause t:he removal of Billboax'ds 1 and 2 by <br /> termination of existing leases provided that the City: <br />I 1. Pay the purchase price for Parcels A, B, and C as <br /> described herein. <br />I 2 . Follow all appropriate procedures as necessary to <br /> amend its Gateway Business District Regulations as <br /> hereinafter provided. <br />I 3. Issue appropriate permits to allow Seller; <br /> a. to relocate and rebuild Billboard 3 wiehin <br />I ~eR-fee~-ef-ias-e~~~eRe-Base-aRa-~p-~e-a <br /> aeigae-e€-eeR-aaa.eiena!-ieee~ as hereinafter <br /> provided. <br />I b~ ~ to add a second panel to Billboard 4 and <br /> to relocate and rebuild Billboard 4 wiEaiR <br /> eeR-feee-eE-iea-e~~~eRe-base-aRa-~p-ee-a <br />I kei~he-ef-eweney-aaaieieRal-Eeee~ as <br /> hereinafter provided. -- <br />'- e~ ARy-aaai~ieRal-eaaR!es-aaall-~e~i~e-eae <br /> m~~Hal-eeRseRe-ef-ehe-~a~eiea~ <br /> 4. Execute the Statement of Intent regarding the <br />I development of Seller's remaining property and <br /> adjacent property. <br /> 5. Vacat:e an existing sanitary sewer easement across <br />I the remainder of Seller's property upon completion <br /> of the Public Improvement Project. <br />I 3.0 TERMS AND CONDITIONS. In consideration of the mutual <br /> Ulldertakings herein expressed and in reliance upon the <br /> representations contained herein, the parties agree as follows: <br />. A. Conveyance of Real Property. Seller shall convey to <br /> City by Warranty Deed tree and clear ot all liens and <br /> restrictions Parcels A, Band C and the Improvements <br />I and Related Rights attached thersto. The consideration <br /> given by the City for such conveyance shall consist of <br /> the following: <br />I 1. Adopting a resolution vacating an existing <br /> sanitary sewer easement over the remainder of <br /> Seller's property; <br />I 2. Allowing Seller to retain the rentals from <br /> 3 <br />~ <br />I <br />