19-10 Obtain easement from Board of Ed - 12910 Detroit Rd

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EXHIBIT A EASEMENT AGREEMENT This Easement Agreement ("Agreement") is entered into as of the day of 2010, by and between the Lakewood City School District Board of Education ("Grantor") of Lakewood, Ohio, and the City of Lakewood, Ohio, a municipal corporation, ("Grantee"). RECITALS WHEREAS, Grantor is the fee title owner of certain lands situated in the City of Lakewood, Cuyahoga County, Ohio, fully described in Exhibit A, attached hereto and incorporated herein (hereinafter referred to as the "Premises"); WHEREAS, Grantee desires to construct and maintain certain traffic control devices and related facilities to be located on a portion of the Premises. NOW, THEREFORE, in consideration of the sum of Ten Dollars ($10.00) and other valuable consideration received to the full satisfaction of Grantor and in further consideration of the covenants, promises, and agreements set forth herein, the parties agree as follows: 1. Grantor hereby grants and conveys to Grantee a perpetual, nonexclusive easement in, under, over, upon, and across that portion of the Premises outlined in Exhibit B, attached hereto and incorporated herein (the "Easement Area"), for the sole purpose of constructing, reconstructing, modifying, supplementing, maintaining, operating and/or removing traffic control devices and supports including, but not limited to, above-ground cables and wires, splicing pedestals, power pedestals, electronic equipment cabinets, cross-connect terminal boxes, concrete pads, protective bollards, marker posts and signs, and other related or useful equipment, including below-ground foundations, cables; wires, conduits, ducts, manholes and handholes, and other related or useful {00852337 - 1}