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Dismissal as discussed below, ite MCWD agrees to pay the Pearces bv check the sum of <br />$20,000. <br />7- Contingcncies/Conditions Subsequent. The rights and obligations of the parties <br />under this Agreement are contingent upon satisfaction of the following conditions subsequent <br />within 120 days of the Effective Date, subject to renewal as provided in Section 8 below: <br />a. Deer Hill Road . This Agreement is contingent upon MCWD obtaining <br />without resort to condemnation all property rights necessary to construct the wetland detention <br />basin at Deer Hill Road in Medina. Minnesota: and <br />b. Permits, This Agreement is further contingent upon the MCWD <br />obtaining all necessary federal, stale, and local permits or approvals for the construction of <br />the wetland detention basin on the Pearce property. These permits and approvals include: <br />a Public Waters Work Permit from the Minne.sota Department of Natural <br />Resources; <br />a Section 404 Permit from the U. S. Army Corps of Engineers: <br />a Section 401 State Water Quality Certification from the Minnesota Pollution <br />Control Agency; and <br />A conditional use permit and a flowage easement modification from the City of <br />Orono. <br />The MCWD agrees to seek promptly and diligently all necessary permits or approvals for Uie <br />Project, to take all reasonable actions necessary to obtain said permits or approvals in <br />accordance with the terms hereof, and to advise the Pearces in a timely manner (including <br />reasonable advance notice of substanuve meetings with the permitting authorities) of any <br />.S37/22080000 5/23/95