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SETTLEMENT A~REEMENT <br /> <br />March 9, 1993 <br /> <br /> This Settlement Agreement is made and entered into as of this <br /> <br /> day of , 1993, by and between Waste Management of <br /> <br />Minnesota, Inc., a Minnesota corporation ("WMMI") and the City of <br />Ramsey, a Minnesota municipal corporation ("the City"). <br /> <br /> WHEREAS, WMMI entered into a Purchase Price Payment Agreement <br />("Agreement") with the City, which agreement is dated December 12, <br />1984; and <br /> <br /> WHEREAS, pursuant to said Agreement, WMMI agreed to make <br />monthly payments to the City based upon WMMI's monthly gross <br />revenues at the Anoka Landfill facility (the "Facility"); and <br /> <br /> WHEREAS, a dispute has arisen between WMMI and the City <br />regarding the manner in which the monthly payments are to be <br />calculated; and <br /> <br /> WHEREAS, the City issued a Conditional Use Permit (the "CUP") <br />to WMMi dated November 15, 1988, which CUP granted certain rights <br />to WMMI and which CUP restricts the operation of the Facility and <br />specifically in Paragraph 35 thereof requires the closure of the <br />Facility for active landfill operations on or before December 31, <br />1993; and <br /> <br /> WHEREAS, for purposes of this Agreement, the term "active <br /> <br />landfill operations" shall mean the depositing of any refuse, <br /> <br />trash, debris, garbage, waste or any other such similar materials <br />at the Facility; and <br /> <br /> <br />