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Exhibit A <br />Assessment Agreement <br />THIS ASSESSMENT AGREEMENT (this "Agreement") is made this 20th day of May, <br />2011, by and between City of Ramsey. a Minnesota municipal corporation (the "City" with <br />offices at 7550 Sunwood Drive N.'., Ramsey, Minpesota 55303, and Hag man Holdings, <br />LL , a Minnesota limited liability company ("Owner") having an address of 13200 43rd St, NE, <br />St. Michael, MN 55376, and is based on the following facts: <br />A. Owner is the owner of fee title the Property, as defined in the Development <br />Contract. <br />B. Owner has applied to the City for approval of a subdivision of the Property into <br />Lot 1, Block 1, and Outlots A. B, C and D, Alpha Development, Anoka County. Minnesota, <br />pursuant to the plat of Alpha Development (the "Plat"). <br />C. The City has approved the Plat subject to certain conditions as specified in that <br />certain Development Contract between the City and Owner, dated May 19, 2 1 1 (the <br />":Development Contract". <br />D. The Development Contract contemplates that the City and Owner will enter into <br />this Agreement. <br />NOW. THEREFORE, in consideration of the facts stated above, the mutual promises and <br />aueements set forth below, and for other good and valuable consideration, the receipt and <br />sufficiency of which are hereby acknowledged by the City and Owner, the parties hereby agree <br />as follows: <br />f . Recitals Incorporated. The facts stated above are hereby incorporated into this <br />Agreement and made a part of this Agreement by this reference. <br />Definitions. Capitalized terms used but not defined in this Ailreement are defined <br />as provided in the Development Contract. <br />3. Assessment. A special assessment (the -Assessment") is hereby levied against <br />the Property under Minnesota Statutes Chapter 429 in an amount (the "Aggregate Assessment <br />Amount' equal to the amount of the "Project Costs" of the Stage 1 City Improvements as <br />defined in the Development Contract. For purposes of this Agreement. "Project Costs" means <br />the actual total cost of the Stage I City Improvements including: 1) 5% contingency, 16% for <br />for construction en ineering and administration fees. and; 3) trunk fees. The Aggregate <br />Assessment Amount shall not exceed $ 1 , 1 ,.3. and the assessment shall he allocated to and <br />levied against portions of the Property created by the Plat as follows: <br />ALPHA DEVELOPMENT/Legacy 'hr istian Ac rd emy <br />Development Contract <br />Page 13 qf 1 <br />