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2009_0209_Packet
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2009_0209_Packet
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4/20/2009 9:37:10 AM
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right of possession to the Property on February 11, 2009, and the full title to the Property upon <br />Court approval of the Petition and payment of the settlement amount as provided in paragraph 3 <br />herein. <br />2. The parties agree that this Stipulation shall not affect the process for replatting <br />Lots 1, 2, 3, 18, 19 and 20, Block B, Twin View, Ramsey County, Minnesota. <br />3. Respondents Old Dominion Freight Line, Inc., Cent Ventures 2 LLC, and City of <br />Roseville stipulate and agree to accept compensation of One Million Two Hundred Seventy- <br />Seven and 00/100ths Dollars ($1,277,000.00) as full payment of damages for the taking of the <br />Property for fee title, temporary and permanent easements as legally described in the Petition. <br />Respondents agree that Petitioner shall pay the compensation amount of $1,277,000.00 to Old <br />Dominion Freight Line, Inc., and $0.00 to Cent Ventures 2, LLC and the City of Roseville. <br />4. In consideration of this Stipulation in Settlement and settlement hereof, Petitioner <br />and Respondents Old Dominion Freight Line, Inc., Cent Ventures 2 LLC, and City of Roseville <br />waive any rights they may have to a hearing before Commissioners to determine compensation, <br />and any rights to appeal an award of compensation. <br />5. The parties release and forever discharge one another, and their respective board <br />members, council members, officers, employees, affiliates, heirs, successors and assigns from <br />any obligation, liability or claim for damages, incidental damages, payments or losses of any <br />kind in connection with the taking herein. <br />6. This Stipulation may be executed in counterparts. <br />7. Any interpretation of this Agreement shall be made consistent with the laws of the <br />state of Minnesota. <br />8. The undersigned have read this agreement carefully and understand all its terms. <br />2 <br />
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