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AIL MONIN14LW1 <br />jll��-!! 1111 Iiii 1- . <br />This Memorandum of Understanding is entered into this day of <br />20081 by and between the City of Roseville (hereinafter "'City") and Gold Eagle <br />(hereinafter "Ovmer"). <br />WHEREAS,, the Owner owns the property located at, 1233 Larpenteur Avenue <br />(here inafter the 'I'Propierty") and desires to construct an addition to the Building, on the <br />Property; <br />VMEREAS,, the City has adopted a Comprehensive Surface Water Management <br />Plan ("1CSWMY')l with specific policies regarding the low floor elevations of buildings in <br />subwatcrsheds- <br />.1 <br />WHEREAS,i Policy 1.8 of the City's CS)NW, provides that areas where 100-year <br />flood protelebon. is not possible will be 1dentifield and emergency response plans will be <br />developed-, and <br />WHEREAS, the City has notified the Owner that 100-year flood protection is n.ol <br />'bile for the Builiding and vro-posed addition on the Property and the Owner has <br />agreed to execute a Waiver Agreement recordable against the Property in order to <br />procRed with the construction. of the addition to the Building. <br />1 11 1 IN I <br />F, ... 131 <br />Construction of.Addition: Contingent upon the Oiwner's execution of a Waiver <br />Agreement, the City has agreed to allow the Owner to construct an addition to the <br />Building on the Property. The Owner agrees that the Buildinp, addition shall be <br />constructed no, lower than 913.6 feet above sea level. <br />