Project No. STP-M-7564(004) Key No. 03546 Parcel No. 26 Parcel ID. No.03546L26 PERMANENT EASEMENT UNIVERSITY HOLDINGS 2 L.L.C., GRANTOR, owner of real property affected hereby, in consideration of one dollar and other valuable consideration in hand paid, does hereby grant the CITY OF MOSCOW, a municipal corporation of the State of Idaho, 206 East Third Street, Moscow, Idaho 83843, GRANTEE, and its agents and assigns, a non exclusive permanent easement and right-of-way including the right to enter upon, occupy and use property located in the City of Moscow, Latah County, Idaho, to wit: An easement consisting of a portion of the Northeast Quarter of the Southwest Quarter of Section 7, Township 39 North, Range 5 West, Boise Meridian, City of Moscow, Latah County, Idaho, more particularly described on Exhibit 'A' attached hereto and incorporated herein by reference. Said easement contains 225 square feet, more or less. for the purpose of constructing, operating, maintaining, repair or reconstruction of public utilities by the City of Moscow, its agents, or franchise utility companies. GRANTOR, its successors and assigns, reserves the right to improve said easement area as long as such improvement shall not unreasonably interfere with the construction, operation, maintenance, repair, or reconstruction of said utilities. GRANTOR agrees that it and its heirs or assigns will not build or place any new encroachment thereon which will unreasonably interfere with the right of the GRANTEE. The GRANTEE, its agents or transferees, shall have the right to perform any maintenance it may deem necessary or wish to exercise in connection with the aforesaid utilities. Upon exercising_these rights, GRANTEE shall restore the property to its prior condition. GRANTEE is granted the aforementioned rights, together with the rights and privileges of ingress and egress to and from said property for the above stated purposes. It is expressly intended that the rights, burdens and restrictions contained in this Easement shall run with the land and shall bind GRANTOR AND GRANTEE, their heirs and assigns until such time this Easement is vacated by GRANTEE. IN WITNESS WHEREOF, GRANTOR has hereunto set its hand and seal this d2/ day of �_) PERMANENT EASEMENT ,2012. Page I of 3 555869 GRANTOR: UNIVERSITY HOLDINGS 2 L.L.C. h------- By: , Title: ------- ACKNOWLEDGEMENTS Stateof � County of On 1hi. c&zt';g , t:K/ day of�. and for said State, personally appeared 2012. befo� the under igned, a Notary Public, in >zu_:t;f- �.) , know n to me, and/or ident ified to me on the ba..1;is of satisfactory evidence, 10 be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same as the duly authorize d representativeof UNIVERSITY HOLDINGS 2, L.L.C PERMANENT EASEMENT •. Page 2of3 EXHIBIT 'A' Project No. STP-M-7564 (004) Key No. 03546 Parcel 26 03546L26 Prepared: February 12, 2009 Permanent Easement That portion of a parcel of land located in the Northwest Quarter of the Southeast Qua1ter of Section 7, Township 39 North, Range 5 West, Boise Meridian, City of Moscow, Latah County, Idaho described as follows: COMMENCING at the South Quarter corner for said Section 7 said point being a 5/8" X 30" rebar with a 2" aluminum cap marked as shown on a Corner Perpetuation and filing recorded under instrument No. 393941; Thence North 01°01' 16" East along the North-South Mid-Section line, a distance of 1747 .62 feet to "A" Street centerline at station 18+88.50; Thence South 89°33'27" East along the centerline of said "A" Street, a distance of 79.69 feet to centerline station l 9+68.19 "A" Street; Thence South 00°26'33" West, a distance of 31.00 feet to the Northeast comer of a parcel of land described in a Quit Claim Deed recorded under instrument No. 474833 and the Northwest corner of a parcel of land described in Warranty Deed recorded under instrument No. 511628 said point being on the South right of way of "A" Street 31.00 feet right of centerline Station l 9+68.19 said point also being the TRUE POINT OF BEGINNING; Thence South 89°33 '27" East parallel with and 31.00 feet distant from the said centerline of "A" Street, a distance of 50.00 feet to the Northeast comer of said Warranty Deed and the Northwest corner of a parcel of land described in Quit Claim Deed recorded under instrument No. 423002, said point being 31.00 feet right of centerline Station 20+18.19 of said "A" Street; Thence South 00°08'3 l" West along the East and West lines of said parcels, a distance of 4.50 feet; Thence North 89°33'27" West parallel with and 4.50 feet distant from said right of way, a distance of 50.00 feet to the West line of said Warranty Deed recorded under instrument No. 511628; Thence North 00°08'31" East, a distance of 4.50 feet to the TRUE POINT OF BEGINNING. CONTAINING: 225 square feet or 0.005 acres more or less. PERMANENT EASEMENT Page 3 of 3
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