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EXFIIBIT "A" SETTLEMENT AGREEMENT This Settlement Agreement ("Agreement") is entered into this 24t` day of February, 2014, between Pleasant Lake Properties, LLC (hereinafter "Pleasant Lake"), the owner of property located at 2508 County Road I in Mounds View, Minnesota (PID # 08.30.23.22.0030) (hereinafter the "Property") and the City of Mounds View, Minnesota (hereinafter "City"). WHEREAS, in February of 2013, City and its contractors performed repair work on sanitary sewer lines on the Property and in the County Road I right-of-way adjacent to the Property; and WHEREAS, on October 29, 2013, City sent a letter to Pleasant Lake providing notice of its intent to assess the costs of the sewer repair work performed in February of 2013 against the Property; and WHEREAS, Pleasant Lake asserted written objections to the proposed $50,165.31 assessment against the Property; and WHEREAS, an assessment hearing was held on November 25, 201.3 by the Mounds View City Council pursuant to the requirements of Minn. Stat. Ch. 429; and WHEREAS, representatives of Pleasant Lake appeared at the assessment hearing to present their objections to the assessment; and WHEREAS, after discussion regarding the proposed assessment, the Mounds View City Council continued consideration of the assessment to a future meeting to give the City and Pleasant Lake an opportunity to discuss potential resolution of the dispute between the City and Pleasant Lake; and WHEREAS, representatives of the City and Pleasant Lake have reached an agreement to resolve their dispute. NOW, THEREFORE, City and Pleasant Lake agree as follows: Payment. In reliance on City's representation and release in paragraph 2 below, Pleasant Lake agrees to pay City $30,000.00 (Thirty Thousand and No/100 Dollars). Said payment shall be made in a single installment on or before February 24, 2014 by delivering a check payable to the City of Mounds View to City Administrator James Ericson. It is contemplated by the City and Pleasant Lake that a contemporaneous delivery of the check will occur at the time of the City's adoption of this Agreement at the City's regularly -scheduled Council meeting on February 24, 2014.