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Exhibit D <br /> ASSESSMENT AGREEMENT AND <br /> CERTIFICATION OF COUNTY ASSESSOR <br /> THIS AGREEMENT, made and entered into this 23rd day of June, 2004, by and <br /> between the City of Ramsey, a Minnesota municipal corporation, having its principal office at <br /> 15153 Nowtben Boulevard Northwest, Ramsey, Minnesota 55303 (the "City"), and HSHT LLC, <br /> a Minnesota Limited Liability Company, having its principal office at 1036 McKinley Street, <br /> Anoka, MN 55303 (the"Developer") <br /> WITNESSETH: <br /> WHEREAS, the City is administering City Development District No 1 cleated 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 June 23, 2004, regarding the development of certain real property located in <br /> Development District No 1 and Tax Increment Financing District No. 10 within the City and <br /> legally described as <br /> Lot 2, Block 1, Sunfish Lake Business Park Second Addition, 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 them prior <br /> to December 31, 2004, 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 do hereby agree as follows- <br /> 1 On January 2, 2005, the Minimum Market Value of the Minimum Improvements <br /> and the Development Property (the "Combined Property") shall be One Million <br /> Five Hundred Fifty-two Thousand Eight Hundred Dollars and 00/100's <br /> ($1,552,800) The Minimum Market Value of the Combined Property will remain <br /> in effect for the term of this Agreement as described in paragraph 4 hereof <br /> 33 <br />