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WHEREAS, the County, the Credit Union and Elwill can mutually benefit each other through a joint effort or coordination, accomodation and cooperation. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter, the Parties agree as follows : 1 ) The above recitals are affirmed as being true and correct and are thereby incorporated herein. 2) To accommodate treatment of stormwater runoff, the County will plan, engineer, permit and construct a stormwater retention pond of sufficient size to treat runoff from the widening of Oslo Road. The location of the pond will be directly north of the Elwill property as shown on Exhibit B attached. 3 ) In exchange for eproximately 6,500 cubic yards one W of the material excavated from the County' s pond site, (fill) the Credit Union will convey to the County a perpetual fifteen ( 15) foot drainage easement along the westernmost border of the Credit Union' s property. In exchange for @,proximately 10,000 cubic yards one 1€ of the materi 4 excavated from the County' s pond site, (fill), Elwill will convey to the County a perpetual fifteen ( 15 ) foot drainage easement along the westernmost border of the Elwill property. With respect to the drainage easement, the Parties further agree that: a. The County will permit the Credit Union and Elwill to use the property subject to the drainage easement as part of the Credit Union' s and Elwill ' s required landscape buffer areas . b. The County will cause to be installed a 30 to 36 inch pipe approximately 6 to 8 feet deep in the drainage easement. Both the Credit Union and Swill agree to convey to the County a 15 foot temporary construction easement directly east of the drainage easement in order for the installation of the drainage pipe. Credit Union and Elwill shall be entitled to a copy of construction plans upon their r request. a In the event that the drainage pipe should need to be maintained, repaired or replaced requiring the removal of any landscaping, irrigation equipment, walls or fencing installed in the drainage easement, the County will be responsible for replacement of same. d. The Parties agree to supply each other' s engineers with any needed drawings, surveys, sketches or legal descriptions necessary for construction of the drainage facilities . e. The County will place the excavated material from the pond site onto the Credit Union and Elwill sites at locations directed by the owners but in compliance wi tree protection and land development etw ordinance requirements. All parti agree that the County is only responsible for placing and spreading the excavated material on the Elwill and Credit Union sites and is not responsible for grading or 2