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FLOWAGE AND CONSERVATION EASEMENT AND WAIVER OF DAMAGES THIS INDENTURE, made and entered into this 28th day of November , 197 9 , by and between Robert S. Olson 6 Margaret W. 0"ison , heirs, assigns, successors hereinafter collectively referred to as the Grantor(s)) and the City of Orono, its suc- cessors and assigns, a municipal corporation under the laws o' the State of Minnesota (hereinafter referred to as the Grantee). WITNESSETH, Grantor(s), for and in consideration of the sum of One Dollar ($1.00) and other valuable consideration, hereby covenant, grant, gift, quit claim and convey to Grantee the right to restrict and Grantor(s) agree to limit and pre- clude the use, improvement and development, under the condi- tions and covenants herein contained, the fo'llowing described Land in the County of Hennepin and State of MinnesoLa: The wetlands as shown on the plat of Bayview Farms. as follows: 1. Grantor(s) hereby covenant and agree(s): A. No structures shall be constructed, erected, or placed upon, above, or beneath the Land including without limit- ation, fences, fireplaces, steps, docks, piers, hard -cover or roads of any nature whatsoever, or any other structure or improve- ment inconsistent with the natural state of the Land. B. No trees, shrubs or other vegetation shall be destroyed, cut or removed from the Land except as authorized by written consent of Grantee. C. No earth, loam, peat, gravel, soil or any other natural material or substance shall be moved-emoved from the Land and there shall be no dredging or e. ation of any nature whatsoever or any change of the topograthy of the Land without the written consent of Grantee.