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City shall return $120,000.00 to Guerins, plus accrued interest, as follows: $25,000.00 at the <br />rate of seven (7 %) percent from the Commencement Date; and, the remaining $95,000.00 <br />at the rate received by the Restricted Fund from the Commencement Date. <br />5. TEN (10) YEAR REFUND. The entire remaining balance in the Restricted <br />Fund, plus accrued interest thereon, shall be returned to Guerin if a redevelopment project <br />for the Property has not been approved and undertaken within ten (10) years of the <br />Commencement Date. <br />6. EXCESSIVE COSTS. Any clean up costs that exceed the principal amount <br />in the Restricted Fund shall be the responsibility of the City. <br />7. STIPULATION OF DISMISSAL. Upon execution of this Stipulated <br />Settlement Agreement by the City and Guerin, the legal representatives of the parties shall <br />execute and record the Stipulation of Dismissal With Prejudice and Without Cost attached <br />as Exhibit B. <br />Dated: 51a3 , 2001 ECONOMIC DEVELOPMENT AUTHORITY <br />OF THE CITY OF' LITTLE CANADA <br />By: <br />Its: <br />5 <br />