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isting south wall , it is agreed that a compromise settlement would be in <br /> rr the best interest of the City and the Company. <br /> NOW, THEREFORE, BE IT UNDERSTOOD AND AGREED, THAT: <br /> The City will agree to relax the set back provisions contained in <br /> the Batesville Zoning Code in exchange for a Quit Claim Deed from the <br /> Company to the City describing the land underlying 14th Street as it <br /> now exists. <br /> It is understood and agreed that this compromise agreement is in <br /> the best interest of the City of Batesville in that traffic flow around <br /> the existing building and the proposed expansion will be improved and <br /> that much needed jobs will result from the construction of the expan- <br /> sion and expanded operations of the Company. The Company's building, <br /> as expanded will be the only building on the block and the traditional <br /> justification for set back requirements, i .e. fire protection of adjoin- <br /> ing structures, traffic flow, etc. are not applicable. It is further <br /> understood and agreed that these compromise considerations in exchange <br /> for the Quit Claim Deed given by the Company are contingent upon ap- <br /> proval of this memorandum agreement by the Batesville City Council . <br /> In witness whereof we have set our hands on this 5 7= day of <br /> April , 1987. <br /> t >r <br /> o orable Jim Sh rrell , Mayor <br /> ,' ity of Batesville <br /> ATTEST: G� i <br /> Larry Will ams, City Clerk <br /> Ideal Baking Company, Inc. <br /> ATTEST: / J,J/1/V/, <br /> )V/ <br />