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.M - i <br />attorneys' fees, to <br />reason of said right <br />permitted hereunder. <br />• <br />which said Permittee may be subjected by <br />to entry and construct and related uses <br />5. Transfer. The terms and conditions hereof shall be <br />binding upon the successors in interest of Permitter and <br />Permittee and the assigns, transferees, heirs, or grantees of <br />Permitter and Permittee, but this agreement shall not be <br />assignable by Permittee. <br />6. Acceptance. This permit shall not be effective until <br />fully executed, and shall not be recorded. <br />7. License. This instrument shall be construed as an <br />irrevocable license coupled with an interest. <br />Dated: ~ 19$7 <br />PERMITTEE: <br />ATTEST: <br />~i~l~/( <br />~~~fn~s R. Walker, City Clerk <br />APPROVED AS TO FORM: <br />~~Y~A <br />~, Peter D. MacDonald, City Attorney <br />CITY OF P ON <br />By <br />Ke eth R. Mercer, Mayor <br />- 2 - <br />M. TIMM VENTURES, INC. <br />By ,~ <br />Its Authorized ~ g nt <br />