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l <br />~~ <br />Ij <br />~~ <br />I,~ <br />I~ <br />I! <br />'~ and <br /> <br /> <br />City shall deed to the Board an undivided one-half (1/2) inter- <br />est in said lands.I'; <br />[•7HLFd:AS, Section 3 of said Agreement of September 20, 1966 provided as <br />follows: <br />and <br />"That the City shall institute a program of development for re- <br />creation purposes of the property jointly owned by the City and <br />the Board and make necessary arranF;ements to finance the cost <br />thereof either singularly or on a com~tribution basis from the <br />Board; <br />[~?-IEREAS, Section 4 of said Agreement of September 20, 1966 provided as <br />follows: <br />"That the Loard shall execute and deliver to the City, by deed, <br />an undivided one-half (1/2) interest in land that it has or may <br />acquire on which it is mutually agreed by the City and the Board <br />that said land would be suitable for playground and recreational <br />area."; <br />and <br />[dHEREAS, it has now been determined by the Council of the City and the <br />Board acting through the Parks and Recreation Committee of the City that the <br />following land is to be used and developed for playground and recreation pur- <br />poses: <br />NOW, THER>;FORE, in consideration of the mutual agreements, covenants <br />and provisions herein contained and contained in the aryreement of April 12, <br />1965 and September 20, 1966, the City and the hoard hereby agree as follows: <br />1. Transfers of real estate, acquisition of_ real estate and improve- <br />ment thereof will be started immediately as follows: <br />a. Chestnut School Site. <br />(1) Board will convey an undivided one-half (1/2) interest <br />it now ocros in that part of Permanent Parce]_ No. 234-15-4 <br />which is described as Parcel "A" as set forth in the attach- <br />ments hereto to the City. <br />(2) The City will convey an undivided one-half (1/2) interest <br />it nova owns in Permanent Parcel No. 234-16-4 to the Board <br /> <br />