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Project No: Parcel No: Key No: County: RIGHT-OF-WAY CONTRACT STP-M-7564(004) 26 03546 Latah 554136 THIS AGREEMENT, made this Uday of 5Rp-krY\ , Wl/).-between the CITY OF MOSCOW, by and through the MOSCOW CITY COUNCIL, by its Mayor or the authorized representative, herein called "CITY" and Matthew C. Becker for University City Holdings 2, 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 agrees to pay all taxes and assessments due and owing, including those for year 2.012. ; 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 30 drup or upon Grantor's receipt of payment, whichever is later. 6.0.. A Temporary Easement allows for ingress and egress during construction purposes and shall terminate upon completion of construction, as determined by the City. b.b. The. ··In of Construe! ion'' c.ompen5u.ti on sha.ll. a.d vcu\c.e,to \he Gra.l'\ tor, wsts a..s oc.la..ted uf1th. the.lmprove.ments to a.rea.. on the. South end of Po..rce.l :tl'2.6. Upon rec.e.ipt of compensa.tion of ''In Lieu oĤ Cc.n.sĥrudion, Page 1 of 2 such ·nnprove.met'\.ts to pa.rKmq area. sha.\'1 become th.e.. re..span.s·, bl\i t of the. Grantor and SlUd rmprovements will n otbe.inc.luded in Cnt o+ Mosc.ow con.shudion projec.ts. dOt! 2.012.· 12.1 'V ---PAGE BREAK--- 7. City will pay Grantor for right-of¢way as follows: 225 sq/ft Permanent Easement Per Adminisfrah"ve St!tflemenf 9-11-12 1,000 sq/ft Tel 1 1po1 at r Easen te11t Per Adminislralitle. Selflemenf 9-11·12 Improvements ''.In L/eu. of Consfruc ftO/l JUST COMPENSATION $ 2,323.00 $ 0.00 $ 1,117.00 J 4,800.00 $ 1,100.00 t 8ģ2.2.3.00 $ 4,570.00 IN WITNESS WHEREOF, the parties have executed this Agreement the day and year first above written. CITY OF MOSCOW Recomrended for A proval By I, ( 'I By City Page 2 of 2 GRANTOR Matthew C. Becker for University City Holdings 2, L.L.C.