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RIGHT-OF-WAY CONTRACT Project No: Parcel No: Key No: County: STP-M-7564(004) 21 03546 Latah THIS AGREEMENT, made this _l2_ day of f1f , .2o I between the CITY OF MOSCOW, by and through the MOSCO CTIY COUNCIL, by 1ts Mayor or the authorized representative, herein called "CTIY" and KDA Investment, L.L.C., herein called "GRANTOR." NOW THEREFORE, the parties hereto agree as follows: 1. City shall pay Grantor and the Lien Holder if any, such sums of monies as are set out below. Grantor agzes to pay all taxes and assessments due and owing, including those for year a ; and Grantor shall execute and deliver to City a notarized instrument of conveyance corresponding to the interest acquired. 2. This contract shall not be binding unless and until executed by the Mayor of Moscow or the authorized representative. 3. The parties have herein set out the whole of their agreement, the performance of which constitutes the entire consideration for the grant of said right-of-way and shall relieve the City of all future claims or obligations on that account or on account of the location, grade and construction of the proposed street. 4. Grantor represents that to the best of his knowledge no hazardous materials have been stored or spilled on the subject property during his ownership or during previous ownerships at least insofar as he observed or has been informed. In the alternative, if the grantor has knowledge of storage or spill of hazardous materials on the subject property, that information is set out below. This sale is conditioned upon full disclosure of any such information. 5. Grantor agrees to give the City legal and physical possession of the property herein purchased by the City on (/U!Jt t9, ?t112- or upon Grantor's receipt of payment, whichever is later. ) 6. A Temporary Easement allows for ingress and egress during construction purposes and shall terminate upon completion of construction, as determined by the City. Page 1 of 2 ---PAGE BREAK--- 7. City will pay Grantor for right-of-way as follows: 508 sq/ft of land for a Permanent Easement $ 3,420.00 151 sq/ft Temporary Easement $ 113.00 JUST COMPENSATION $ 3,533.00 IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written. CTIY OF MOSCOW GRANTOR ended for Approval Kevin M. Peterson cf //?d&Jvv Anne L. Peterson QO Donald K. Frei By Approved f Mayor os +o -C rY""\ Page 2 of 2