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I <br /> I <br /> I <br /> I <br /> I <br />'1 <br /> <br />I <br />I <br />I <br />I <br />i <br /> <br /> i <br />,I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />LETTER OF UNDERSTANDING <br /> <br />Re: Lot 1, Block 1, Pehlke Estates <br /> <br />April 24, 2001 <br /> <br />If the City of Ramsey allows Lisa Pehlke (c/o David and Betty Pehlke) to construct a single <br />family house, it will be the Pehlke's intent to continue to plat and record the proposed Pehlke <br />Addition, based on the sketch plan approved by the Planning Commission on January 2, 2001, <br />and to negotiate with the. City of Ramsey to allow the City to have a water drainage easement on <br />Lot 3, to be determined at a later date, with certain conditions per our meeting with the City of <br />Ramsey on April 12, 2001. <br /> <br />The water drainage easement is subject to Pehlke's approval of all terms and conditions of the <br />offer made by the City of Ramsey, at a later date. <br /> <br />Date: <br /> <br />-131- <br /> <br /> <br />