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--� <br />.�-. <br />VACATION .ANll � <br />RE-GRANTING AGREEi�1ENT <br />� <br />Tliis :lgreement is made this � day of �8�'�i�"��, ?O�by and bet«'een th� <br />C.'iri of Rosevitle, a ti�linnesota municipal corporation (hereinafter the "City") and Old <br />Duminion Ereight Line, (nc., a Virginia comoration (hereinafter the "0«mer"), the fee o���ner of <br />the real pmpen}- located �vithin the City� and Ra�nsev Countv, M:nnesofa descrihed in �xhibit a <br />(hereinalter the "E�hibit A Property"). <br />RECITALS <br />`�'HERE�S, a Qui' Claini D: ed, dated April 29, 1 y�9 and recorded as document number <br />l� 118' 4 at the Kamse�� County Recerder's Office on Jun° ?, 1�60 (hereinafter the "19�9 Qui` <br />Claim Deed"), purports to quit claim and deed to the City certain l0 foot strips of property <br />affectine the north and east sides of the Exhibit A Property, all as more fully shown on Exhibit <br />Il: <br />`�'H�1tl;AS. the 19�9 Quit C.�aim Deed ind�cates 'he conveyance is for public roadway <br />and high�vay purposes, <br />��'HEIZEAS, the Cit_y believes the 1959 Quit Claim Deed conveyed fee siiriple title to the <br />10 Toots strips of property, with a use restriction; <br />«'HEREAS, the U�mer believes the ]959 Quit Claim Deed conveyed only a perlr.anent <br />publi� e� sement for rcad«-ay and high�i��ay purposes; <br />WI(EI2FAS, tLe City has not, to date, utiliz�d the 10 foot strips �or roadway or hibhway <br />purposes, but may do so in the future; <br />WTIEI2�AS, O���ner is in the proccss of selling a portion of ihe Exhibit A Propeny to <br />I�ietro Transit for the purpose of constructin� and operating a Park anc3 Ride facility (hereinaiter <br />t�e "1��1etr� Transit ProjecC') a�d in connection with such sale, Owner must plat the Exhibit A <br />Properiy into t��o separate iots — Lot 1 T�.�-in Lakes Addition (hereinafter "Lat 1"1 w'hich �vill be <br />