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1.4 The Voros Trust acknowledges and agrees that this release and discharge set forth <br />above is a general release. The Voros Trust expressly waives and assumes the risk of any and all claims <br />for damages which exist as of this date, but of which the Voros Trust does not know or suspect to <br />exist, whether through ignorance, oversight, error, negligence, or otherwise, and which, if known, <br />would materially affect The Voros Trust's decision to enter into this Settlement Agreement. The Voros <br />Trust further agrees that The Voros Trust accepts, payment of the sum specified herein as a complete <br />compromise of matters involving disputed issues of law and fact. The Voros Trust assumes the risk <br />that the facts or law may be other than The Voros Trust believes. It is understood and agreed to by <br />the Parties that this settlement is a compromise of a doubtful and disputed claim, and the payment is <br />not to be construed as an admission of liability on the part of the Parties, by whom liability is expressly <br />denied. <br />2.0 The Voros Trust's Further Duties and Obligations to the City <br />2.1 In addition to the execution of this Settlement Agreement, the Voros Trust will <br />promptly execute and deliver to the City permanent and temporary easements, on the forms prepared <br />by the City. <br />3.0 Payments from the City to the Voros Trust and Further City Duties <br />In consideration for all the terms and conditions of this Agreement, the City will pay the Voros <br />Trust as follows: <br />3.1 The total sum of Five Thousand Dollars ($5,000.00), of which One Thousand, Five <br />Hundred, Sixty-eight Dollars and Eighteen Cents ($1,568.18) is for the permanent easement and Six <br />Hundred, Eighty-three Dollars and Seventy-nine Cents ($683.79) is for the temporary construction <br />easement acquired by the City. <br />3.2 The total sum set out in sub -part 3.1 above shall be paid to the Voros Trust in one <br />lump sum payment of Five Thousand Dollars ($5,000.00) within 30 days following the execution of <br />this Settlement Agreement by the Voros Trust's trustees and approval by the City's Board of Public <br />Works, all of which are conditions to this Settlement Agreement, and following the Voros Trust's <br />tender of the signed permanent and temporary easements required by this Settlement Agreement. <br />3.3 The City agrees to investigate whether the oak tree located on the Property and <br />referenced by the Voros Trustees, inclusive of its root system, is outside of the permanent and <br />temporary easement areas. If the tree, inclusive of its root system, is determined by the City to be <br />outside the permanent and temporary easement areas, the City agrees to use its best efforts to preserve <br />the tree, as requested by the Voros Trust. <br />4.0 Representation of Comprehension of Document <br />In entering into this Settlement Agreement, the Voros Trust represents that it has fully <br />reviewed this Settlement Agreement, and that the terms of this Settlement Agreement are fully <br />understood and voluntarily accepted by the Voros Trust. <br />