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<br />NOW, THEREFORE, in exchange for valuable consideration, the receipt of which <br />is hereby acknowledged, the parties agree as follows: <br />1. Dedication of Right-Of--Way. The Property Owners agree to dedicate to the City <br />the following: <br />3,838 +/- sq. ft. of property from Lot 8 of Parcel Map 5814 <br />3,079 +/- sq. ft. of property from Lot 9 of Parcel Map 5814 <br />2,614 +/- sq. ft. of property from the Remainder Parcel of Parcel Map 5814 <br />as shown more particularly on the attached Exhibit "A", ("Stanley Boulevard <br />Striping Plan, Option No. 2, dated September 27, 1999) incorporated herein by <br />this reference. <br />When the City fmalizes documents and plans for the widening of Stanley Boulevard, <br />construction of the deceleration lane and striping plan, and prepares the necessary <br />legal descriptions of the right-of--way to be dedicated, the City will provide the <br />Property Owners thirty (30) days notice to execute and deliver the necessary grant <br />deeds for the right-of--way dedication. <br />2. No Cost for Dedication. The right-of--way described in Section 1, above, shall be <br />dedicated to the City by the Property Owners at no cost. <br />3. City to Pay for Street Widening. The City will pay all costs related to the design <br />and construction of the deceleration lane, street widening, and re-striping as <br />described in Exhibit "A". This amends Section 3.b.(1) of the Agreement. <br />4. Stanley Boulevard Access For Lot 8 and Lot 9. <br />A. Section 3.b.(3)(c) of the Agreement shall be amended to permit access to Lot 8 <br />and Lot 9 from Stanley Boulevard at a single access point to be centered on the <br />lot line between Lot 8 and Lot 9. If the Property Owners desire a different <br />access point, it must be mutually agreed upon by the parties. <br />B. The Property Owners shall advise the City within thirty (30) days of the date of <br />this Amendment whether the Property Owners desire a street opening to be <br />constructed in conjunction with the City's road widening project, or if the <br />Property Owners desire the City to build the sidewalk and planter strip across <br />the entire length of Lot 8 and Lot 9 along Stanley Boulevard. If the Property <br />Owners desire a street opening, the Property Owners shall advise the City of the <br />2 <br />