4.1. ERMUSR 07-12-2016 - Laserfiche WebLink

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EXHIBIT B Agreement Regarding Release.Payment and Assignment of Relocation Benefits THIS AGREEMENT REGARDING RELEASE, PAYMENT AND ASSIGNMENT OF RELOCATION BENEFITS (this "Agreement") is made as of 3-...,•ne_ 2 Gi , 2016, by and between STUART W. MACGIBBON, a single person, and JAMES H. MACGIBBON, a single person, as tenants in common, ("Sellers"),the ELK RIVER MUNICIPAL UTILITIES, a Minnesota municipal utility("Buyer"). RECITALS: Sellers and Buyer entered into a purchase agreement (the "Purchase Aggreemnt")dated as of ' ..'vi' 21, ,2016,related to property located at 1437 NA•kvi WtS}R��I 3ihesWYee's Sellers have been advised of its rights and payments that Sellers may be eligible to receive pursuant to the Uniform Relocation Assistance Act(the "Act"), including payments for Minimum Compensation under Minn. Stat. 117.87 for the Property as legally described in the Purchase Agreement. Sellers acknowledge they have sought and received the advice of legal counsel and have been specifically advised as to relocation, moving, reestablishment, and other costs that may be available to the Sellers under the Act. Sellers and Buyer desire to enter into this Agreement to confirm their understanding of the Sellers' release, sale and assignment of any claim for any relocation benefits and/or other relocation costs due or payable to Sellers,whether pursuant to the Act or otherwise. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,the parties hereto do hereby agree as follows: 1. Effective as of the date hereof, Sellers hereby acknowledge that the payment of the Purchase Price includes payment for Relocation Benefits and Minimum Compensation Benefits and hereby releases Buyer from any liability for payment of additional relocation payments pursuant to the Act(or other federal or state law provisions)with respect to the Property. 2. Effective as of the date hereof, Sellers hereby sell, transfer and assign to Buyer any benefits, payments, claims, or other rights due or payable to Sellers pursuant to the Act (or other federal or state law provisions) with respect to the Property legally described in the Purchase Agreement. 3. Sellers acknowledge that they have freely released such rights of their own volition. 4. Sellers acknowledge that they have released such rights with full knowledge of the specific relocation benefits to which it would otherwise be entitled. 13 187865v2 83