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COLORADO DEPARTMENT OF <br />TRANSPORTATION. <br />MEMORANDUM OF <br />AGREEMENT <br />Project Code: 18907 <br />Parcel No.: 8B <br />Project No NH 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 />Owner(s) City of Louisville, Colorado 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 />41,589 Sq.ft►1 /acres0 <br />$37,430.00 <br />Permanent and Slope Easements (described in attached <br />exhibits) <br />❑ <br />$ 0.00 <br />0 Sq:ft /acres <br />Temporary Easements (described in attached exhibits) <br />$ 0.00 <br />0 Sq.ft' /acres[] <br />Improvements: None. <br />$ 0.00 <br />Damages: None. <br />$: 0.00 <br />Gross Total <br />$37,430.00 <br />Less Credit <br />$ . . <br />Net Total <br />$37,430.00 <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 power of 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 />Page 1 of 2 <br />Editions prior to 1/2012 are obsolete and may not be used <br />CDOT Form #784 — 1/2012 <br />