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c. Fees. It is understood and agreed that the City's ordinances impose various fees and charges that are payable upon the approval of a final plat. Attached as Exhibit G is a description of the fees and charges that will be payable when the Plat is approved and an estimate of the amount of the fees and charges attributable the Property (the "Platting Fees"). The City's ordinances authorize the City Council to defer the payment of the Platting Fees until a property owner applies for a building permit for the construction of improvements on the property that is platted, and Seller shall ask the City Council to defer the payment of the Platting Fees until Buyer applies for a building permit for the construction of improvements on the Property. Buyer is responsible for the payment of the Platting Fees, and Seller is responsible for the payment of the fees or charges that are payable upon the approval of the Plat that are attributable to portions of the SELLER' s property other than the Property. If the City Council does not defer the payment of the Platting Fees until Buyer applies for a building permit, Buyer must pay the Platting Fees at Closing. Seller has made a good faith effort to accurately set forth the nature and amount of the Platting Fees on Exhibit G, but Seller is not representing or warranting the accuracy of Exhibit G and in the event of a conflict between the terms of the City's ordinances and Exhibit G, Buyer will be required to pay all fees due and payable with respect to the Property under the terms of the City's ordinances. d. Expenses of Buyer. Buyer shall pay all other costs of the development of the Property, including, without limitation, obtaining an approved site plan for the Property, the designing the stormwater management and drainage system for the Property; obtaining and implementing an approved wetland mitigation plan for the Property; and to design and construct Buyer's building, parking facilities, stormwater management and drainage system, landscaping and related improvements on the Property. 12. REAL ESTATE TAXES AND SPECIAL ASSESSMENTS. The Parties must pay the real estate taxes (which term, as used in this Agreement, includes service charges assessed against real property on an annual basis pursuant to Minnesota Statutes 429.101) and special assessments as follows: a. At Closing or, at SELLER's option, before Closing, SELLER must pay all real estate taxes due and payable with respect to the Property for all calendar years prior to the year in which the Closing occurs and any penalties and interest thereon; b. BUYER and SELLER shall pro -rate the real estate taxes and service Charge, if any due and payable in the year of Closing, on a per diem basis, using a calendar year, to the Date of Closing. The parties will pro -rate these amounts using current year real estate tax information. c. On or before the Date of Closing, SELLER will pay or provide for the payment of all special assessments levied against the Property before the Effective Date, including installments of special assessments certified for payment with the current year's real estate taxes. 7