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Exhibit D ASSESSMENT AGREEMENT AND CERTIFICATION OF ASSESSOR THIS AGREEMENT, made and entered into this 511' day of June, 2000, by and between the City of Ramsey, a Minnesota municipal corporation having its principal office at 15153 Nowthen Boulevard Northwest, Ramsey, Minnesota 55303 (City), and H & P Development a Minnesota Limited Liability Company, having his principal office at 13915 Radium Str. NW, Ste A, Ramsey, Minnesota 55303 (Developer): WITNESSETH: WHEREAS, the City is administering City Development District No. 1 created pursuant to M.S, §469.124 through §469.134; and WHEREAS, the City is administering Tax Increment Financing District No. 2 created pursuant to M.S. *469.174 through §469.179, and WHEREAS, the parties have entered into a Contract for Private Development (Agreement), dated June 5, 2000, regarding the development of certain real property located in Development District No. I and Tax Increment Financing District No. 2 within the City and legally described as Lots 1 and IA, Block 1, WEST RADIUM BUSINESS CENTER FIRST ADDITION, Anoka County, Minnesota; and WHEREAS, it is contemplated that pursuant to said Agreement, the Developer will construct the Minimum Improvements described in such Agreement and shall complete them prior to December 31, 2000; and WHEREAS, the City and the Developer desire to establish minimum market values for said land and the Minimum Improvements to be constructed thereon (collectively, the Property), pursuant to M.S. §469.177, Subdivision 8; and WHEREAS, the county assessor has reviewed the plans and specifications for the Minimum Improvements which will be constructed. NOW THEREFORE, the parties do hereby agree as follows: 1_ On January 2, 2001, the minimum total market value of the Property shall be One Million Four Hundred Thousand and 00/100 Dollars (51,400,000). Said minimum market value shall remain in effect for the term of this Agreement as described in paragraph 4 hereof. 3�