Laserfiche WebLink
the payment thereof. The Developer or its successors and assigns. within 30 days after <br />the Citv gives written notice, shall pay to the City the Deficiency. Payments will be <br />based upon the nortnal real estate tax payment schedule of biannual payments. <br />The required Net Tax Increment to he generated from the Development Property is <br />Fifteen Thousand Dollars and 00/100's 015,000) per year. The tax increment is <br />projected to start with the tax revenues received in 2007 and end in 2011. <br />3. This agreement remains an obligation of the Developer 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 ggiven them in the <br />:Agreement. <br />CITY OF RAMSEY, MINNESOTA <br />By: <br />Its: Ci - inistrator <br />ST. <br />NNESOTA <br />COUNTY OF ANOKA <br />) ss. <br />RIVER._ IA k , NUFACTURING, INC. <br />Its: President <br />On this IV' 1" day of June_ 2006, before me, a Notary Public_ personally appeared Thomas <br />G. Gamec and James E. Norman to me personally known, who, being each by me duly sworn did <br />say that they are respectively the Mayor and City Administrator of the Cite of Ramsey, the <br />Municipal Corporation named in the foregoing instrument, and the seal affixed to said instrument <br />is the corporate seal of said Municipal Corporation, and the said instrument was signed and <br />sealed on behalf of said Municipal Corporation by authority of its City Council and said Thomas <br />G. Gamec and James E. Norman acknowledge said i wnent t he free act and deed of said <br />Municipal Corporation. <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />)ss. <br />) <br />6'c, t/ <br />ignature`eff Notary Public <br />SEAN M. SULLIVAN ► <br />fc• 2 <br />_�;•i�; Notary Public <br />Minnesota <br />1 tlyCnnri5s'�nEr ; sJa ua'y31,2010 <br />The foregoing instrument was acknowledged before me this IL/T1' day of June, 2006, by <br />Sheldon A. Mayer. President of RIVERSIDE MANUF CTURI '.. C.. a Corporation under <br />the laws of Minnesota on behalf of the Minnesota Co ora ton. <br />SEAN M. SULLIVAN <br />44,LL^.jfi Notary Public ► <br />Minnesota <br />My Crnirn ssi"n Eyp res,lanuary 31, 2010• <br />' <br />50 <br />