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(reserved for recording) <br />ASSESSMENT AGREEMENT <br />THIS ASSESSMENT AGREEMENT (this "Agreement") is made this day of , 2020, <br />by and between between the City of Ramsey, Minnesota, a Minnesota municipal corporation <br />("City"), Electric Systems of Anoka, Inc., a Minnesota limited liability company ("Owner"). <br />Recitals <br />A. Owner is the owner of fee title to the Property, as defined in Exhibit A, attached hereto. <br />B. The Owner desires to levy municipal water and sanitary sewer trunk fees against the <br />Property. <br />C. The City is willing to levy said trunk fees without certain notices or hearings, provided <br />that assurances and covenants stated below are made by the Owners to ensure that the City will have valid <br />and collectable special assessments as they relate to the Property. <br />D. Were it not for the assurances and covenants provided in this Agreement, the City would <br />not levy the trunk fees and is doing so solely at the behest, and for the benefit, of the Owners. <br />Page 1 of 7 <br />