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EXHIBIT D <br />ASSESSMENT AGREEMENT AND <br />CERTIFICATION OF COUNTY ASSESSOR <br />THIS AGREEMENT, made and entered into this 22nd day of January, 2008, by and between <br />the City of Ramsey, a Minnesota municipal corporation, having its principal office at 7550 Sunwood <br />Drive Northwest, Ramsey, Minnesota 55303 (the "City"), and Asset Resources And Acquisition, LLC, <br />a Minnesota Limited Liability Company, having its principal office at 9243 East River Road, Coon <br />Rapids, MN 55433 (the "Developer"). <br />WITNESSETH: <br />WHEREAS, the City is administering City Development District No. 1 created pursuant to M.S. <br />§ 469.124 through § 469.134; and <br />WHEREAS, the City is administering Tax Increment Financing District No. 2 created pursuant <br />to M.S. § 469.174 through § 469.179; and <br />WHEREAS, the parties have entered into a Contract for Private Development (the <br />"Agreement"), dated January 22, 2008, regarding the development of certain real property located in <br />Development District No. 1 and Tax Increment Financing District No. 2 within the City and legally <br />described as: <br />Lot 5, Block 4, Gateway North Industrial Park Plat 2 <br />(the "Development Property"); and <br />WHEREAS, it is contemplated that pursuant to the Agreement, the Developer will <br />construct the Minimum Improvements described in the Agreement and shall complete said <br />Minimum Improvements prior to December 31, 2008; and <br />WHEREAS, the City and the Developer desire to establish minimum market values for <br />the Development Property and the Minimum Improvements to be constructed thereon, pursuant <br />to M.S. § 469.177, Subdivision 8; and <br />WHEREAS, the county assessor has reviewed the plans and specifications for the <br />Minimum Improvements which will be constructed. <br />NOW THEREFORE, the parties agree as follows: <br />1. On January 2, 2009, the Minimum Market Value of the Minimum Improvements <br />and the Development Property (the "Combined Property") shall be One Million <br />Four Hundred Thousand and 00/100's Dollars ($1,400,000.00). The Minimum <br />Market Value of the Combined Property will remain in effect for the term of this <br />Agreement as described in paragraph 4 hereof. <br />34 <br />