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EXHIBIT B <br />ASSESSMENT AGREEMENT <br />THIS AGREEMENT, dated as of this day of <br />, 1999 by and among the City of Little Canada <br />(the "City "), RAB /LLC, a Minnesota limited liability company <br />(the "Developer "), and the Ramsey County Assessor (the <br />"Assessor'). <br />WITNESSETH <br />WHEREAS, on or before the date hereof the City and <br />Developer have entered into a Development Agreement dated as <br />of July _, 1999 (the "Agreement ") regarding certain real <br />property located in the City (the "Development Property "). <br />WHEREAS, it is contemplated that pursuant to said <br />Agreement, the Developer will undertake the construction of <br />an facility (the "Project ") <br />on the Development Property in accordance with plans and <br />specifications approved by the City. <br />WHEREAS, the City and Developer desire to establish a <br />minimum market value for the portion of the Development <br />Property and the improvements constructed or to be <br />constructed thereon, pursuant to Minnesota Statutes, Section <br />469.177. <br />WHEREAS, the Developer has acquired the Development <br />Property consisting of land, the legal description of which <br />is attached hereto as Exhibit A. <br />WHEREAS, the City and the Assessor have reviewed plans <br />and specifications for the Project. <br />NOW, THEREFORE, the parties to this Agreement, in <br />consideration of the promises, covenants and agreements made <br />by each to the other, do hereby agree as follows: <br />1054867.2 <br />Page 95 <br />