Laserfiche WebLink
1054867.2 <br />(b) It will not seek administrative review or <br />judicial review of the constitutionality of any tax <br />statute relating to the taxation of real property <br />contained on the Development Property determined by any <br />tax official to be applicable to the Project or the <br />Developer or raise the unconstitutionality of any such <br />tax statute as a defense in any proceedings, including <br />delinquent tax proceedings with respect to the <br />Development Property; provided, however, "tax statute" <br />does not include any local ordinance or resolution <br />levying a tax; <br />(c) It will not seek any tax deferral or <br />abatement, either presently or prospectively authorized <br />under Minnesota Statutes, Section 469.181, or any other <br />State or federal law, of the ad valorem property <br />taxation of the Development Property between the date <br />of execution of this Agreement and the Termination <br />Date. <br />Page 75 <br />