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9. The City agrees that in the event of an improvement of <br />the streets, curbs and gutters on Brooks Avenue, that the Owners <br />shall not be assessed for such an improvement. The Owners agree <br />that the deferred assessment of $1,160.96 plus nine (9 %) percent <br />interest per annum on said amount shall be imposed as a deferred <br />assessment upon the improvement of Brooks Avenue. <br />10. This Agreement shall affect and be binding upon the <br />Owners and the City and their respective heirs, successors and <br />assigns. <br />11. This Agreement constitutes the entire contract and <br />understanding of the parties, and any amendment thereto must be <br />made in writing and signed by the parties. <br />OWNERS: <br />Loren J. Kehn <br />Patricia E. Kehn <br />CITY: <br />CITY OF LITTLE CANADA <br />BY: <br />Joseph G. Chlebeck, <br />City Clerk <br />-4- <br />PAGE 6 <br />