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ronu N:nsr:n�h:n�r nND �1AIN'I'EN,�ncF ncREE�iF,N7' <br /> Ihis POND [=ASI:MI:N1 AND M�INTL'NANCL AGREf?Mf_NT <br /> 1"A�rccmcnt") is madc and cntcrcd intc� Ihis _�� day of 11ay. 2008, hy ES< <br /> P Portfolio LLC a Dclawnre limitcd liahility company, ("Grnntor"1 and �REE1VAl' <br /> ('EN'I fR. I.LC'. a R;�shin�t�,n limilcd liability company ("Grxntec"�. <br /> RF.CITALS <br /> WHGRGAS, (irantor i�wns Ihc propertV a�mmonly known as Tax Parecl Nwnhcr <br /> 01J3939-OOG-013-04 and Icgally dcscrihcd in Exhibit A attachcd hcrcto and incurporatcd <br /> hcrcin by rcfcrcncc ("�nrccl A"); <br /> WHERI:AS, Granta• uwns thc pri�perty commonly known as Tax Parccl <br /> Nutnbcrs: ZR051900401500. 2R05190040100O. 2R051 900401 1 00. 2R051900403000, <br /> 2R051900401300. and Icgally dcscribcd in [:xhibit l3, attachcd hcrcto and incorporatcd <br /> hcrcin h� rctcrcncc ("Parccl I3"): <br /> �YHBR[:AS, Grantcc is constructing impro�-cmcnts on Parccl E3 and thc City of <br /> li�•crctt („Citp") has appro��cd thc consiruction drawings for said improvcmcnts; <br /> �1�11(:ItLAS. a dcicntion pnnd (thc "Pond"1 is loca�cd on Parccl A, as Jcpictcd in <br /> I�.�hihit D, altachcd hcrctu and incorporatcd hcrcin hy rc�crcncc: <br /> WIIERI?AS, Gran�or anJ (irantcc dcsire to cstahlish an cascmcnt for purposcs of <br /> Pond acccss, mudification and maintcnancc lthc "F.ascmcnt") ovcr, undcr, ihrough and <br /> acruss ihat porti�m of Pa�ccl A Icgall�� dcscribcd in L'xhibit C, attachcd hcrcto and <br /> incorporalcd hcrcin by rcfcrencc, and cross-hatchcJ in E!chihit D. attachcd hcrcta and <br /> incurpi�ralcd hcrcin hy rcfcrcncc (thc "F,asemcnt Propert�"); <br /> 1'1'HI�RI:AS. Ihc City will not issuc a building pcnnit to Grantcc until thc <br /> 1'.:i�cmcnt is cstahlishcd: <br /> � \VI IfiR[:AS, ihc ('ily ha� cuncludcd that ihc Pond can support both Parccl A and <br /> P.irccl B; <br /> �1'IiliRl?AS. Granlor. hy thc Icmis of a scparatc agrccmcnt, has grantcd lhc City a <br /> ��atcrlinc cascmcnt li�r ihc put��oscs of cunnccting GraNcc's watcr main to Ihc main <br /> ��:dcr m:iin and improving thc watcr fln�v char.icicristics ofthc Pond: and <br /> \'1'1I1�.R1iAS, Grantor and Granicc dcsirc to cstablish icmis and conditions for ihc <br /> u�c ;mJ m�iintcnancc of Ihc l:ascmcnl. <br /> I . RI:('I'IALS. <br /> --1'hc rccit,ils �ct �i,rth oho�r arc incoRmratcd hcrcin by rcfcrencc. <br /> � ) <br /> �.I �`6 <br />