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COPY <br />AGREEMENT FOR REASSESSMENT <br />THIS AGREEMENT made and dated this day of December, <br />1988, by and between Loren J. Kehn and Patricia E. Kehn, husband <br />and wife, (hereinafter "Owners "), and the City of Little Canada, <br />a Minnesota municipal corporation (hereinafter "City "). <br />WHEREAS, Owners are the fee owners of the following <br />described real property located in the City of Little Canada, <br />County of Ramsey, State of Minnesota: <br />Lot 12, Block 1, Roy Wilson Addition. <br />PIN No. 07- 29 -22 -14 -0012 <br />(hereinafter "Property "), and <br />WHEREAS, the City lawfully imposed special assessments <br />against the Property pursuant to Minnesota Statutes Chapter 429 <br />for Improvement Project 86 -2 in the amount of $7,884.80 pursuant <br />to City Resolution No. 86 -7 -299, and <br />WHEREAS, the City lawfully reassessed the Property pursuant <br />to Minnesota Statutes Chapter 429 for Improvement Project 86 -2 <br />and Improvement No. 5662, amending the assessment to $5,160.96 <br />pursuant to City Resolution No. 87 -9 -446 based upon <br />representations that a restrictive covenant would be filed by <br />the Property Owners prohibiting a lot split of the Property, and <br />WHEREAS, Owners have appealed to the Ramsey County District <br />Court from the reassessment by the City, and <br />WHEREAS, the City and Owners have now reached an agreement <br />for reassessment and settlement of the appeal of the imposition <br />PAGE 3 <br />