Agenda - Council - 09/11/2018 - Laserfiche WebLink

Home

2. Nothing in this Agreement shall limit the discretion of the county assessor or any other public official or body having the duty to determine the market value of the Property for ad valorem tax purposes to assign to the Property a market value in excess of the minimum market value specified in this Agreement. 3. Neither the preambles nor the provisions of this agreement are intended to modify nor shall they be construed as modifying, the terms of the Agreement. This agreement shall remain in effect and inure to the benefit and be binding upon the successors and assigns of the par -ties through the Maturity Date as described in the Agreement. 5. As provided in M.S. §469.177, Subdivision 8, nothing contained herein shall be deemed to limit the right or opportunity of the Developer to challenge, through any legal means, that part of any valuation on the market value of the Property, which is in excess of the stipulated minimum market value contained in this agreement, provided, however, that the Developer may not institute or prosecute any challeriee to the excess which, if successful, would also result in a reduction of the assessment below the stipulated value. 6. Capitalized terms not otherwise defined herein have the meanings given them in the Agreement. CITY OF RAMSEY, MINNESOTA H & P DEVELOPMENT L. Bay / B Its: Mayor Its: Chief nager STATE OF MINNESOTA ) ) ss. COUNTY OF ANOKA On this 15` day of June, 2000, before me, a Notary Public, personally appeared Thomas G. Gamec and James E. Norman to me personally known, who, being each by me duly sworn did say that they are respectively the Mavor and City Administrator of the City of Ramsey, the Municipal Corporation named in the foregoing instrument, and the said instrument was signed on behalf of said Municipal Corporation by authority of its City Council and said Thomas G. Gamec and =a