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Draft 9/8/94 <br /> <br />Neither the preambles nor tile provisions of this Agreement are intended to modify <br />nor shall they be consn'ued as modifying, the tem'~s of the Development Agreement. <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 the real estate taxes due and <br />payable in the .',,ear 2012. <br /> <br />As provided in Minnesota Statutes, Section 469.177, Subdivision 8, nothing <br />contained herein shall be deemed to limit the right or opportunity of the Developer <br />to'challenge, through any legal lneans, that part of any valuation on the market <br />value of the Property which is ill 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 Parmer Its: General Panner <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 /> Attest: <br />Mayor City Adminisn'ator <br /> <br />Page 28 <br /> <br /> <br />