Laserfiche WebLink
2 The required Net Tax Increment to be generated from the Development Property is Ten <br />Thousand Dollars and 00/100's Dollars ($10,000) per year The tax increment is <br />projected to start with the tax revenues received in 2005 and end in 2012 <br />3 This agreement remains an obligation of the Developei and its heirs, executors, <br />representatives, successors and assigns until the Maturity Date as defined in the <br />Agreement This Agreement shall run with the Development Property <br />4 Capitalized terms not otherwise defined herein have the meanings given them in the <br />Agreement <br />CITY OF RAMSEY, MINNESOTA <br />Its Mayor <br />By <br />Its <br />ST <br />) ss <br />COUNTY OF ANOKA ) <br />BASALT PROPERTIES, LLC, A MN <br />LIMITED LIAJ. r" TY COMPAN <br />On this 1' day of October, 2003, before me, a Notary Public, personally appeared <br />Thomas G Gamec and James E Norman to me personally known, who, being each by me duly <br />sworn did say that they are respectively the Mayor and City Administrator of the City of <br />Ramsey, the Municipal Corporation named in the foregoing instrument, and the seal affixed to <br />said instrument is the corporate seal of said Municipal Corporation, and the said instrument was <br />signed and sealed on behalf of said Municipal Corporation by authonty of its City Council and <br />said Thomas G Gamec and James E Norman acknowledge said instrument to be the free act and <br />deed of said Municipal Corporation <br />4r4. SEAN M. SULLIVAN <br />1i,_;' j� NOTARY PUBLIC -MINNESOTA <br />zt <br />My Comm Fs_p,Jart 31, 2000, <br />STATE OF MINNESOTA ) <br />)ss <br />COUNTY OF ANOKA ) <br />The foregoing instrument was acknowledged before me this Zu 11`day of October, 2003, <br />by Lenny J Kalway, Chief Managei of BASALT PROPERTIES a Minnesota Limited <br />Liability Company on behalf of the Limited Liability Co rp ny <br />gnaturNotary Public <br />Y r„E • SEAN M. SULLIVAN <br />NOTARY PUBLIC -MINNESOTA <br />Y Exp Jar_ 31, 2005 <br />My Gamin <br />A <br />ature of ” . ary Public <br />33 <br />