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into the New Easement, the Old Easement is no longer necessary, and the City now wishes to <br />release and terminate the Old Easement. This Release has no effect on the New Easement, which <br />remains in full force and effect. <br />Release of Old Easement <br />In consideration of the mutual covenants and obligations set forth herein, and other good <br />and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the City <br />hereby grants as follows: <br />1. Release of Old Easement. The Old Easement is hereby fully released and terminated. <br />[Signature page follows] <br />