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SETTLEMENT AGREEMENT The City of Roseville ("City") and Terrace Park, LLC ("Terrace Park") hereby enter into this Settlement Agreement on the latest date of the signatures set forth below. WHEREAS, the City is developing property adjacent to the Terrace Park Apartments, which are owned by Terrace Park; and WHEREAS, the City needed to construct a walking path and sidewalk on Terrace Park Apartment property and sought to obtain a pennanent easement for that purpose; and WHEREAS, the City and Terrace Park could not agree on compensation for the easement; and WHEREAS, the City served notice of its intent to COlmnence an eminent domain action against Terrace Park, as well as other Respondents, in order to obtain the easement; and WHEREAS, the City and Terrace Park wish to settle all claims between them in order to avoid costly litigation. NOW, THEREFORE, in consideration of the mutual promises contained herein, the sufficiency of which is hereby acknowledged by all parties, the City and Terrace Park agree as follows: 1. The legal descriptions of the land owned by Terrace Park and being appropriated for a pennanent pathway and sidewalk easement in favor of the City are contained in Exhibit A. 2. The City shall pay Terrace Park $30,000 in a lump sum check made payable to Terrace Park, LLC within 30 days of the date of this Settlement Agreement. 3. Terrace Park shall convey a permanent pathway and sidewalk easement in a fonn acceptable to the City for the property described in Paragraph 1 above. 4. The City and Terrace Park, and their respective officers, agents and assigns, hereby release each other from any and all claims arising out of or related to the condemnation of the land described in Paragraph 1 above. 5. The City and Terrace Park acknowledge that there are no covenants, promises, representations or undertakings outside of this Settlement Agreement.