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MEMORANDUM OF UNDERSTANDING City of Roseville City Project No.: _______________ PID No.: 082923340049 Fee Owners: Margaret H. McNeely and John J. McNeely, Jr. On this _____ day of __________________, 2024, Margaret H. McNeely and John J. McNeely, Jr., married to each other, Owners of the above-described property located at 2377 County Road B West in the City of Roseville (the “City”), County of Ramsey, State of Minnesota, did execute and deliver a conveyance of a Temporary Construction Easement to the City. This agreement is now made and entered as a memorandum of all the terms, and the only terms, agreed upon in connection with the above transaction. It is hereby acknowledged and agreed upon between the parties that: 1.The Owners have been furnished with the approved estimate of just compensation for the property rights acquired by the Temporary Construction Easement. The Owners understand that the property rights acquired by the City as described in Temporary Construction Easement aretemporary and will be governed by the terms and conditions stated in the Temporary Construction Easement document. 2.That, in full compensation for the conveyance of the Temporary Construction Easement, the City shall pay the Owners $750.00. Owners understand that payment by the City is contingent upon City Council approval, verification of marketable title, and a lender consent, if deemed necessary by the City. 3.In the event of a clerical error with respect to the easement, Owners agree to cooperate in correcting the error including but not limited to re-signing the document. It is understood and agreed that the entire agreement of the parties is contained in this Memorandum of Understanding and the Temporary Construction Easement document dated _______________________, 2024, and that these documents and agreements include all oral agreements, representations, and negotiations between the parties. RS160-1-853894.v1 RS160\\1\\952613.v1 Qbhf!234!pg!257