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herein, and the School Building Company assumes all responsibility for such assessments, on the <br />basis of the benefit to the Property. <br />4. Future City Policy. Notwithstanding anything contained in this Agreement to the <br />contrary, in the event the City shall, in the future, establish a policy for repair and maintenance by the <br />City of storm water management practices owned by private parties located elsewhere in the City <br />under which policy the costs of such repair and maintenance are to be paid either out of general City <br />revenues or by collection of utility or service fees or charges, the School Building Company shall be <br />entitled to petition the City for the inclusion of the Storm Water Management Practices under such <br />repair and maintenance program. The recording of a certified copy of the resolution of the City Council <br />of the City which sets forth the consent and authorization described in the foregoing sentence shall <br />serve to terminate this Agreement, without further action on the part of any party hereto. <br />5. Terms and Conditions. The terms and conditions of this Agreement shall be binding <br />upon, and shall inure to the benefit of, the parties hereto and their respective successors and assigns. <br />This Agreement shall be recorded in the Anoka County, Minnesota Recorder's office at School <br />Building Company's expense. <br />This document drafted by: <br />City of Ramsey <br />7550 Sunwood Drive NW <br />Ramsey, MN 55303 <br />This document reviewed by: <br />HKB Law, P.A. <br />4501 Allendale Dr. <br />St. Paul, MN 55127 <br />[THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK; <br />SIGNATURE PAGE FOLLOWS] <br />Page 3 of 6 <br />