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(4) It will not seek a reduction in the Market Value (as defined in Minnesota <br />Statutes, Section 273.02) for the tax collection years of 2029 through 2032. In the event that the <br />Developer obtains a reduction in Market Value that results in the City having to make a payment <br />to the County (the "County Payment") for the tax collection years of 2017 through 2029, the <br />Developer agrees that: <br />(a) If the TIF Note remains outstanding, the next Tax Increments to be paid to <br />the Developer shall be reduced by the County Payment, and <br />(b) If the TIF Note is no longer outstanding, Developer shall pay the amount <br />of the County Payment to the City within thirty (30) days after written notice from the <br />City as to the amount of the County Payment. <br />Draft Document, Changes will occur 9 <br />7226735v1 <br />