757 Franklin Road Motion authorizing acquisition of the property at 757 Franklin Road from 757 Partners for the purpose of constructing the Franklin Road Improvements - From Twin Brooks to Las Colinas Apartments in exchange for $76,000.00 and the stipulations: · There shall be no interruption of access to the property. · There shall be no increase in or change off/on of storm water on or across the balance of Grantor's property. · At no time during construction shall more than half of the parking spaces on Grantor's Property be rendered unusable or materially impaired. · No work shall be performed on Grantor's Property between February 15 and April 15 of any calendar year during which the construction easements remain in effect. · The boundaries of the construction easements shall be clearly marked during construction and no equipment or materials shall be parked on or stored on the areas which are outside of the construction easement areas. · The planned improvements to the right of way and easement areas shall be completed in two separate phases, as follows: o All work on retaining wall shall be completed prior to beginning work on the entrance and adjacent parking areas. o Physical barriers shall be placed at the back of the construction easements during construction of the retaining wall in order to permit safe parking on the adjacent areas during construction. o There shall be no interference with the parking spaces in the area which is crosshatched (as shown on Exhibit C of the Agreement to Purchase Real Estate) while work is being performed on the retaining wall. o Construction on the curb cut and adjacent parking areas shall not commence until the work on the retaining wall has been completed. o There shall be no interference with the parking spaces which are cross-hatched (as shown on Exhibit D of the Agreement to Purchase Real Estate) while work in being performed on the curb cut and adjacent parking areas. o The work on the curb cut and adjacent parking area shall be done in such a manner as to always leave at least one lane of traffic open for ingress/egress to the property

Motion Adopted Introduced May 13, 2014

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