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A. PAY THE CITY $30,000 AT CLOSING FOR THE DIFFERENCE IN <br /> PROPERTY VALUE RESULTING FROM THE EXCHANGE. THESE MONIES WILL BE <br /> USED FOR FUTURE PARK IMPROVEMENTS. SUCH PAYMENT WILL BE MADE UPON <br /> CLOSING OF THE PROPERTY EXCHANGE. <br /> B. CONSTRUCT A HOUSING DEVELOMENT ON NEW QUINNEY'S <br /> PARCEL CONSISTING OF ONE TO THREE BUILDINGS AND APPROXIMATELY 15 TO <br /> 25 APARTMENT UNITS. BUII.,DINGS AND SITE DESIGN WILL PROVIDE FOR GOOD <br /> VISUAL ACCESS FROM HOUSING DEVELOPMENT TO NEW PARK. UNIT <br /> ENTRANCES WILL BE .ORIENTED SO THAT AS MANY AS POSSIBLE ARE ON THE <br /> NORTH (PARK FACING) SIDE OF THE BUILDINGS, WITH THE BALANCE ON THE <br /> EAST AND WEST SIDES, WITH NO ENTRANCES ON THE SOUTH SIDE (AWAY FROM <br /> PARK). MOST SECOND FLOOR BALCONIES WILL BE SIMILARLY LOCATED <br /> FACING NORTH. EACH LIVING ROOM, BEDROOM AND KITCHEN ABUTTING THE <br /> NORTH WALLS. OF THE HOUSING DEVELOPMENT WILL HAVE AT LEAST ONE <br /> <br /> . WINDOW WITH A VIEW INTO THE PARK. A PEDESTRIAN CIRCULATIO <br /> N <br /> WALKWAY WILL BE LOCATED NORTH OF THE BUILDINGS (SOUTH OF THE PARK) <br /> ON THE NEW QUINNEY PARCEL, WITH GROUP MAILBOX LOCATED ALONG SAME, <br /> SUBJECT TO POSTMASTER APPROVAL. ALL PARKING WILL BE NINETY DEGREE <br /> ORIENTATION TO THE ALLEY, EXCEPT FOR PARKIl~TG LOCATED UNDER <br /> BUILDING(S), ACCESSED BY A RAMP OFF THE ALLEY. <br /> C. INSTALL A FENCE ALONG THE SHARED PROPERTY LINE OF <br /> THE NEW CITY PARK AND NEW QUINNEYS PARCEL. THE FENCE .WILL BE <br /> LOCATED ON .THE NEW QUINNEYS PARCEL. THE FENCE WILL BE <br /> APPROXIMATELY 6 ..FEET HIGH, METAL, BLACK IN COLOR, AND WILL NOT <br /> OBSTRUCT VISIBILiTY BETWEEN THE PROPERTIES. NO GATES WILL BE LOCATED <br /> IN THIS FENCE. LANDSCAPING ABUTTING FENCE WILL CONSIST OF LOW <br /> SHRUBS, NOT MORE THAN THREE FEET HIGH MATURE HEIGHT. THE PARTIES <br /> . AGREE THE INTENT IS FOR THE FENCE AND ADJACENT PLANTING TO ELIMINATE <br /> FOOT TRAFFIC BETWEEN THE PROPERTIES, AND TO ALLOW EXTENSIVE VISUAL <br /> ACCESS TO THE PARK FROM THE NEW QUINNEYS PARCEL. QUINNEYS AGREE TO <br /> INSTALL THREE POST MOUNTED LIGHTS, SIMILAR IN SCALE TO EXISTING PARK . <br /> LIGHTS (ABOUT 14 FEET HIGH), WHICH WILL HAVE METAL HALIDE OR SIMILAR <br /> LIGHT SOURCES, DOWN FACING, WITH SCREENS RESTRICTING LIGHT TO NEW <br /> QUINNEY PARCEL AND TO THE STREET CURB ON NORTH AND EAST. THE <br /> QUINNEYS AND THE CITY AGREE. TO COOPERATE IN ANY NECESSARY CITY <br /> PROCEDURES TO ALLOW LIGHT TO BE INTENTIONALLY CAST FROM .EACH <br /> PROPERTY TO THE OTHER FOR PURPOSES OF INCREASING SECURITY AND <br /> SUPPORTING POSITIVE USE OF THE PARK. <br /> D. NOT OPPOSE FUTURE PARK IlVIPROVEMENTS THAT ARE <br /> TYPICAL FOR A NEIGHBORHOOD PARK THROUGH PUBLIC AND LAND USE <br /> PROCESSES. FUTURE PARK IlVIPROVEMENTS MAY INCLUDE, BUT ARE NOT <br /> LIMITED TO, THE FOLLOWING: CHILDREN'S .PLAYGROUND, BASKETBALL <br /> COURT, PICNIC AREA, LIGHTS, AND PARK FURNITURE. THIS SUBPARAGRAPH <br /> SHALL TRANSFER WITH THE PROPERTY DEED TO FUTURE OWNERS OF THE <br /> PAGE 2--EXCHANGE AGREEMENT 4/10/2006 <br /> <br />