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Draft 9~8~94 <br /> <br />Neither the preambles nor the provisions of this Agreement are intended to modify <br />nor shall riley be construed as modifying, the terms of the Development A~eement. <br />This Agreement shall remain in effect and inure to the benefit and be binding upon <br />the successors and assigns of the parties through tile real estate taxes due and <br />payable in the year 2012. <br />As provided in Minnesota Statutes, Section 469.177, Subdivision 8, nothing <br />contained herein shall be deemed to lin-fit the right or opportunity of the Developer <br />to 'challenge, through any legal means, that part of any valuation on the market <br />value of the Property which is in excess of tile stipulated minimum market value <br />contained in this Agreement, provided, however, that the Developer may not <br />institute or prosecute any challenge to the excess which, if successful, would also <br />resuh in a reduction of the assessment below the stipulated value. <br /> <br />BISON PROPERTIES, LLC. <br /> <br />By: <br /> <br />Richard A. Nelson <br /> <br />Gar), L. Omundson <br /> <br />Its: General Partner Its: ~- General Partner <br /> <br />STATE OF MINNESOTA ) <br /> ) <br />COUNTY OF ) <br /> <br />SS. <br /> <br /> On this day of , 1994, before me a Notary Public, <br />personally appeared Richard A. Nelson, a General Partner, and Gary L. Omundson, a General <br />Partner, of Bison Properties, LLC,, a corporation under the laws of the State of Minnesota, on <br />behalf of the Corporation. <br /> <br />CITY OF RAMSEY: <br /> <br />Notary Public <br /> <br />By: Attest: <br /> Mayor _City Administrator <br /> <br />Page 28 <br /> <br /> <br />