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AGREEMENT RELATED TO THE RELOCATION OF SUNWOOD DRIVE The parties to this Agreement Related to the Relocation of Sunwood Drive (this "Agreement ") are THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RAMSEY, MINNESOTA, a body politic and corporate under the laws of the state of Minnesota ( "HRA ") and the CITY OF RAMSEY, a municipal corporation and political subdivision of the State of Minnesota (the "City "). This Agreement is dated, for reference purposes, as of , 2012 RECITALS: A. HRA is the fee owner of the real property legally described as Outlot F, RAMSEY TOWN CENTER ADDITION, Anoka County, Minnesota (the "HRA Property "); B. The HRA Property is adjacent to Sunwood Drive, a dedicated public right of way; C. The City desires to relocate a portion of Sunwood Drive onto a portion of the HRA Property, and the HRA is willing to grant the City the right to use portions of the HRA Property for the relocated right -of- way and to otherwise facilitate the relocation of the portion of Sunwood Drive; C. HRA and the City anticipate that HRA will re -plat the HRA Property in the near future and in connection therewith will dedicate a new right -of -way necessary for the relocated Sunwood Drive; and D. HRA has agreed to grant the City a right -of -way easement over and across the proposed location of the realigned Sunwood Drive and a related temporary construction easement for the construction, maintenance and repair of the realigned Sunwood Drive, subject to the terms and conditions contained herein. NOW THEREFORE, in consideration of the foregoing recitals, the various rights and obligations of the parties under this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, HRA and the City covenant and agree as follows: 1. Recitals. The foregoing recitals are true and correct and are incorporated herein by reference. 2. Grant of Right -of -Way Easement. HRA grants to the City an easement for public right of way purposes (the "Right -of -Way Easement ") over and across the portion of the HRA Property depicted on the attached Exhibit A -1 and legally described on the attached Exhibit A -2 (the "Right -of -Way Easement Area "). The Right -of -Way Easement will automatically terminate at such time as the HRA or one or more of its successors in title dedicate the Right -of -Way Easement Area to the public in a recorded plat. 4610026v1 AGREEMENT: