8C, Lexington Avenue Sidewalk Project

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�ONSTR�JCTI0111 �F PROJECT SPECIAL ASSESSIviE11�T WAiVER OF RIGH�'S 1.0 Parties. This �greemer�t {"Agreement"j is �ated the day of , 2010, and is entered into by and b�tween the City of Arden Hil�s, a IV�innesota statut�ry city ("City"); and Inland Shannon Square Cu�, LL�, a Delaware lirni�ed liability com�any (`tInland Cub"j and Inland Shan�on Square Shoppes, L.L.C, a Delaware limit�d iiabi�ity company {"Inla�d Shoppes"j. 2.0 �ecita�s. A. Inland Shoppes is the ovvner of the foliow�ng described p�operty �"Shoppes �'roperty"j located ir� the �ity of Ar�ien Hills,lv�N: Lot 1, Block 1, Sha�non Square �. �n�and Cub is the owner of the follov�ing described propert� �"Cub Pro�erty") located in the City of Arden H�lls, M�: All th�t part of the East i/2 of So�theast 1/4 of Se�t�an 27, �'ownship 30 �orth, Range 23 West, described as follows: Com�nencing at the East quarter corner of said Section 27; thence due South along the East line of said Section 27 a distance o� �357.1 feet to the point of beginning of the �arcel herewith descri�ed, thence West at the right angles a distance of S 2 5.6 feet; thence South at right angles a distance of 482 fe�t; thence East at right angles a distanc� of 525.E� feet; thence North at righi angies a�o�g the East line of said Section 27 a distance of 482 feet, more or �ess, �o t�e point of beg�nning. Except therefrom the fol�ow�ng; A�l that part of t�e �ast �/2 of the Southeast 1/4 of Section 27, Townsh�p 30 Nort�, Rar�ge 23 West, described as f�llows: Com�encing at the East 1/4 corner of said Section 2 7, thence d�e Sau�h a�ong the East i�ne of said Section 27, a distance �f 1819.1 feet to the point of beginning of the parcel �erewith described; thence Wes� at right ang�es a distance of 525.6 feet; thence South at right a�gles a distance of 20 feet; thence East at right angles a distance of 525.6 feet; t�ence North at right angles along the East line of said Section 27 a distance of 20 feet to the point of b�ginning.