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BUNDOLO PROPRETIES - RESERVATION OF EASEMENT 1990
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BUNDOLO PROPRETIES - RESERVATION OF EASEMENT 1990
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10/23/2007 12:35:29 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
12/5/1990
LONG TERM AGREEMENTS - NAME
BUNDOLO
LONG TERM AGREEMENTS - TYPE
EASEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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• • <br />replacement, alteration, modification or otherwise in connection <br />with the storm drainage system, except to extent that such costs or <br />expense relate to Parcel 1. Any cost or expense relating to Parcel <br />2 shall be the sole financial responsibility of the owner of Parcel <br />2. Any such cost or expense that benefits both Parcel 1 and Parcel <br />2 shall be paid 63.19 percent by the owner of Parcel 1 and 36.81 <br />percent by the owner of Parcel 2. <br />(5) LIABILITY OF MANAGER. No person designated as manager <br />pursuant to the Reservation of Rights provided herein shall be <br />liable or responsible to any other owner of either Parcel 1 or <br />Parcel 2 for any acts or failures to act in good faith, other than <br />for. any such acts or failures to act as constitute fraud, gross <br />negligence, willful misconduct or other intentional wrongdoing. No <br />person designated as a manager pursuant to this Reservation will be <br />required to execute any contract or other agreement obligating such <br />person to pay any sums with respect to or for the benefit of the <br />Parcel which is not owned by such manager, except with respect to <br />the acquisition of water service for the landscaping as provided in <br />paragraph (3) above. <br />(6) DURATION. The easements granted pursuant to this <br />Reservation shall be perpetual. The easements granted hereunder <br />shall not terminate or be extinguished as a result of non-use or <br />abandonment. Notwithstanding the foregoing, it is acknowledged <br />that the easements granted pursuant to this Reservation may be <br />modified in the future to reflect changes in circumstances, which <br />may include, but are not necessary limited to, a change in location <br />- 6 - <br />
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