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• 201800992 Section Three Valuation of Improvement The parties hereby agree that the improvements located on the above described premises are limited to the following items having values as shown: Item Use of Temporary Construction Area Total Compensation Section Five Compensation The City hereby agrees to pay to Owner the full value as shown for any item destroyed by the City during the term of this agreement. In the event an item is damaged but not destroyed and the parties are unable to agree as to the amount of such damage, the City shall have the option to either pay Owner the full value of the item or items in dispute as shown or submit the issue of damages on the disputed item or items to a board of appraisers appointed under an action in condemnation. In the event the City shall elect to have the damages determined under an action in condemnation, then the City hereby agrees to pay to Owner the amount as finally determined in such action and appeals. The Owner hereby agrees to accept full payment for damages arising from the use of the aforesaid property by City the amount paid by the City in accordance with this agreement. The City shall restore the premises to grade prior to the termination of this agreement. It is understood that the rights of the owner do not automatically transfer upon sale or lease of the property. The City agrees to permit assignment of the rights and obligations of Owner to a subsequent buyer or tenant, provided Owner obtains the City's prior written consent which City shall not unreasonably withhold. DATED: J&ntL tw/, 2018 RICHARD A. CASH, LLC A Nebraska Limited Liability Company BY EPRESENTATIVE SIGNATURE Section Six Remarks Section Seven Assignment Value $1,100.00 $1,100.00 DATED: rOoof't4. tkr , 2018 CITY OF GRAND ISLAND, NEBRASKA A Municipal Corporation Printed Representative Name & Title RaNae Edwards, City Clerk Attest: