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. ........ <br />i <br />2. <br />3. <br />A. <br />B <br />C. <br />Outlet B is platted for future roadway purposes and shall remain as a <br />separate tax parcel until such time Outlet C is further developed. In the <br />event that Outlet C is further developed without the need for use of Outlet <br />B as roadway access, then Outlet B may be legally combined with an <br />adjacent property. <br />Outlets A, B and C shall remain in common ownership until Outlet C is <br />further developed. <br />Outlet A is considered as an unbuildable remainder parcel and upon <br />development of Outlot C, Outlot A shall be either combined with Outlot <br />B and Lot 1 if Outlot B is not used for road pturposes, or Outlot A shall <br />be legal, y combined with Lot 1, Block 1, Bayvie-y Farms in the event that <br />Outlot B is used for roadway purposes. <br />D. Outlot C is created for future development only, and no building permits <br />shall be issued for Outlot C until such time that it is replatted into one or <br />more buildable lots. <br />The agreement between Mr. and Mrs. Olson, Mr. and Mrs. Geffre, ai^ K-P <br />Properties Inc. attached to this resolution as Exhibit A shall not be revised or <br />terminated without approval of the City Council. <br />In the event that Outlot B is used as an access road serving a fiinire development <br />in Outlot C, the residence on Lot 1 shall revise its driveway location onto said <br />outlot roadway and eliminate direct access to Bayside Road. <br />4. A driveway easement over Outlot B shall be granted in favor of Lot 1 <br />Page 4 of 7