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3. Upon receiving the City Quit Claim Deed and receiving the necessary land use <br />approvals from the City for the Twin Lakes Addition plat, the owner shall proceed to, first, <br />record the Quit Claim Deed, and, second, record the Plat, as described in paragraph two above. <br />4. Once the Plat described in paragraph two is accepted by Ramsey County for <br />recording the City will promptly begin the vacation process of the 10 foot strips affecting the <br />outl ot. Upon completion of the vacation process, the owner shall grant back to the City <br />easements over the 10 foot strips on the outlot for public way purposes. The City shall record <br />the City Resolution vacating the 10 foot strips affecting the outlot, and then record the easement <br />granting back to the City an interest in the 10 foot strips affecting the outlot. <br />5. At the time the outlot is platted or subdivided, then owner, its successors or <br />assigns shall dedicate on the plat the 10 foot strips on the north and east sides of the outl of to the <br />City for public way purposes. <br />6. If the plat is not recorded within 120 days of the execution of this Agreement, the <br />Owner shall promptly return the Quit Claim Deed to the City. <br />CITY of ROSEVILLE, <br />a Minnesota municipal corporation <br />By <br />Its <br />By <br />Its <br />CENT VENTURES 2, <br />a Minnesota limited liability company <br />3 <br />OLD DOMINION FREIGHT LINE, INC., <br />a Virginia corporation <br />By <br />Its <br />