Laserfiche WebLink
• <br />EXHIBIT D <br />ASSESSMENT AGREEMENT AND <br />CERTIFICATION OF COUNTY ASSESSOR <br />• THIS AGREEMENT, made and entered into this 1st day of April, 2005, by and <br />between the City of Ramsey, a Minnesota municipal corporation, having its principal office at <br />15153 Nowthen Boulevard Northwest, Ramsey, Minnesota 55303 (the "City"), and Professional <br />Properties, LLC, a Minnesota Limited Liability 'Company, having its principal office at 3149 <br />162nd Lane NW, Andover, MN 55304 (the "Developer"). <br />WITNESSETH: <br />WHEREAS; the City is administering City Development District No. 1 created pursuant <br />to M.S. § 469.124 through § 469.134; and <br />WHEREAS, the City is administering Tax Increment Financing District No. 10 created <br />pursuant 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 March 17th; 2005, regarding the development of certain real property <br />located in. Development District No. 1 and Tax Increment Financing District No. 2 within the <br />City and legally described as: <br />The North 200 feet of the South 233 feet of the West 200 feet of the East 1146 feet of <br />the South Half of the Southeast Quarter of Section 27, Township 32, Range 25, <br />Anoka County Minnesota <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, 2005; 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, 2006; the Minimum Market Value of the Minimum Improvements <br />and the Development Property (the "Combined Property") shall be One Million <br />Five Hundred Thousand and 00/100's Dollars ($1,500,000.00), The Minimum <br />Market Value* of the Combined. Property will remain in -effect for the term of this �- <br />P <br />Agreement as described in paragraph 4 hereof. <br />33 <br />