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COLORADO. DEPARTMENT' OF <br />TRANSPORTATION <br />MEMORANDUM OF <br />AGREEMENT <br />Project ,Code: 18907 <br />Parcel No.: 8C <br />Project NoNH 0361 -103, Segment F <br />Location: US36: Foothills Pkwy..; to.McCaslin Blvd. <br />County: "Boulder <br />State Highway No: 36 <br />This agreement made on (date) 2013 is between the State of Colorado for the use and benefit of the <br />Colorado Department of Transportation (GRANTEE) for the purchase of the parcel(s) listed above from the <br />Owners) City of Louisville, a municipal corporation of the State of Colorado. (GRANTOR). <br />Just compensation was determined by an appropriate valuation procedure prepared in accordance with Colorado <br />state laws and regulations. The amount of money and/or :compensation listed below is full consideration for the <br />following land, easements, improvements, and damages of any kind. <br />Land (described in attached exhibits) <br />21,969 Sq:fft e/ /acres❑ <br />$19,7.7500 <br />Permanent and Slope. Easements (described in attached <br />exhibits) <br />❑ <br />$ 0.00 <br />0 Sq.ffty /acres <br />Temporary Easements (described in attached exhibits) <br />$. 0.00 <br />0 Sq.ft r /acres❑ <br />Improvements: None. <br />$- 0.00. <br />Damages: None. <br />$ 0.00 <br />Gross Total <br />$19,775..00 <br />Less .Credit <br />"Net Total <br />$19,775.00 <br />Other conditions: None. <br />The GRANTOR: <br />1) Will, at the closing, pay all taxes (including prorated taxes for the current year) and special assessments for the <br />current year; <br />2) Has entered into this agreement only because the GRANTEE has the powerof eminent domain and requires the <br />property for public purposes; <br />3) Be responsible for securing releases from all liens,; judgments and encumbrances to deliver clear, unencumbered <br />title to GRANTEE. Any encumbrance required to be paid by GRANTOR shall be paid at or before closing from <br />the proceeds of the transaction hereby contemplated or from any other source; <br />4) Will execute,and deliver to GRANTEE those documents` indicated below; <br />5) Reserves from the subject property described herein in the attached Exhibits, the mineral estate and including all <br />coal, oil, gas and other hydrocarbons, and all clay and all other minerals in and under said subject property. The <br />GRANTOR hereby covenants and agrees that the GRANTEE shall forever have the right to take and use, without <br />payment of further compensation to the GRANTOR, any and all sand, gravel, earth, rock, and other road building <br />materials found in or upon said subject property and belonging to the GRANTOR; and <br />6) The GRANTOR further covenants and agrees that no exploration for,. or development of any of the products, as . <br />described above, and owned by the. GRANTOR heretofore or hereafter the date set forth above and hereby <br />excepted will ever be conducted on or:from "the surface of the premises described in the ,attached Exhibits, and <br />that in the event any of such operations may hereafter be carried on beneath the surface of said premises, the <br />GRANTOR shall perform no act which may impair the subsurface or lateral support of said premises. These <br />covenants and agreements hereunder, shall inure to and be binding upon the GRANTOR and its heirs, personal <br />and legal representatives, successors .and assigns forever. <br />Pagel of 2 <br />Editions prior to 1/2012. are obsolete and may not be. used <br />CDOT Form #784 — 1/2012 <br />