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WHEREAS, the final assessment to Riverstone Development is $278,282 which reflects <br />a total revised assessment of $457,538 less special assessment prepayments of $179,256 and a <br />final assessment amount of $132,039 for Hageman Holdings; and <br />WHEREAS, Exhibit D of said Assessment Agreement has been amended to reflect the <br />assessment payment schedule for Riverstone Development. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA: <br />1) That said Assessment Agreement is hereby amended to reflect the revised final <br />improvement project costs and amended final assessment amounts as outlined in <br />amended Exhibit B, Exhibit C and Exhibit D. <br />2) Riverstone Assessments will be levied to the County for four years starting Tax <br />Payable Year 2019 and Hageman Holdings will be deferred until developed or <br />sold as outlined in Section 8 (B) of Assessment Agreement. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember, <br />and upon vote being taken thereon, the following voted in favor thereof: <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this <br />the 27th day of November, 2018. <br />ATTEST: <br />City Clerk <br />Mayor <br />RESOLUTION #18-244 <br />Page 2 of 3 <br />