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P-NO NUMBER 7 (2) - - - --...,.. I I I bYvwrd ~ ~ /t...~ I" /9t...L ~~ p~11 _~~w/~ .7:0 (~~ ~ z: ~~ r f e e ".r 1 . ., , .. AGREEMENT THIS AGREEMENT, in duplicate, entered into this day of October, 1961, by and between the - CITY OF SANTA MONICA, a Municipal corporation, herein- after called First Party, and R. J. SUTHERLAND, in- dividually and as trustee, hereinafter called Second Party, li .! 1'. ~ ! ~ ~ ! 1: !!: WHEREAS, there is presently pending that certain eminent domain action entitled City of Santa Monica, a Municipal corporation, Plaintiff, vs. Rubin Silber, et al., defendants, SCC No. WEC965; and WHEREAS, by said eminent domain action First Party seeks to acquire from Second Party the real prop- erty, including all improvements thereon pertaining to the realty, described in the Complaint in said action as Parcel 11; and WHEREAS, the acquisition of said Parcel 11 will require the severance of an existing building located partially on said Parcel 11; and WHEREAS, it is the desire of First Party and Second Party to settle and compromise their differences in connection with said eminent domain proceeding, NOW, THEREFORE, in order to settle and compromise their differences in the above referred to litigation, First Party and Second Party mutually agree \ fl e e / '. '. as follows: 1. That Second Party will remove from that certain land, moreparticularly described in the above referred to eminent domain action as Parcel 11, the portion of said building located partially on said Parcel 11 and partially on the remainder of said Parcel 11 prior to the 6th day of November, 1961. 2. That Second party's obligation is limited to the removal of said building from Parcel 11 and said Second Party is not required to remove any other improve- ments on the said Parcel 11. First Party may remove any improvements or materials left on the said Parcel 11 by Second Party and if done in a non-negligent manner, First Party shall not be liable for any damages caused to Second Party's remaining property. 3. That First Party will pay to Second Party, or his assigns, the sum of $20,000.00. 4. That after the removal of said building Second Party will convey to First Party the real prop- erty described as Parcel 11, except all oil, oil rights, minerals, mineral rights, natural gas, natural gas rights, and other hydrocarbons by whatsoever name known, below the depth of 100 feet, together with the perpetual right of drilling, mining, exploring and operating therefor and removing the same from said land or any other land, including the right to whipstock or directionally drill, mine, tunnel or shaft into, through or across the sub- surface of said Parcel 11, and to bottom such whipstocked or directionally drilled wells, tunnels and shafts under 2 , .~'. e -:10 " ... '".",- and beneath or beyond the exterior limits thereof without, however, the right to drill, mine, explore and operate through the surface of said upper 100 feet of the sub- surface of the land described as Parcel 11. 5. Time is of the essence of this agreement. IN WITNESS WHEREOF, the parties hereto have af- fixed their hands on the day and year first above written. Subject to interpretation as set forth in letter CITY OF SANTA MONICA, to Albert J. Day of a Municipal Corporation November 1, 1961. ~ BY~ M. M. King Acting City Manager .' \ ,,/f"\J't~jl../~ -; R. J. SUTHERLAND Approved as to form this ] ~t day _of November, 1961. ~. ~ * ~ ,/ -, """.~-..,. Asst.Cit~ .~ey This is subject to interpretation as set forth in letter to Albert Day, Esq., of November 1, 1961. 3