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• _o the Buyer: Cita of Mounds View Sar,arr.:a Crd;z:.a 2401 r =way 10 . Mounds View, MN .7:Z172_T429 13.4 Buyer will in good faith. consider on a timely bass the implementation of ac 4-11c'-nme. r' : ^a-,�.,-�meg- � for Lots 1 �cug3, North Ld�:s riai 2rid.Park .d Addison. Buyer ac�owledges that the goad faith, cors dero..cn of tai: increment f~r.z-i g for ?woe:Ls .r of the ccnside� Loss _...�__s is a. materaI pax.: L:Og pursuaaz to whic.^. Serer 5 Ite rt to Buyer for the pr; describeddesCDed herein.*. isunderstood to sell the P="J:Ct:'^�r understood by Buyer that there is no assurance. that the Mounds View Cit_ Council will apar'Jye such tax increment �' an and that nothing i -mss Ag e e_t is r �� .n �= •, � tender tc create a..y :basis for a claim by Seller in the event that City approval of such, f'7-!a"=:-=g is not obtained. The terns of the tab_i c -..eht or..en Lam'-aaaL'^.g;voulC' be as follows: a. Tan i--'creme,-,t would be for the benefit of the third :art buyer or buyers from Seiler. b. Ta:c increment friqrdag would be in an amount not to .�uad±ed Thirty Thousand 7 c2„ exceed Twa and and so/ 00 ( 0,000.00) Dollars for lateral water and sewer connector.fees and for star= water retenton pond, all for the beae�t of Lots 1 through 3, Block. 1, of the Plat ("Benefited. • Lots") . c. Thies Thousand and na/00 ($30,000.00) Dollars of the tab: increment linen Bing would be for the drainage water retention pond to be advanced far the benefit of therst third. parry, buyer of any of the Benefited Lots. c. The re�-*a;r;r, ,.o g Two and.. d Thousand hcusandandna/100 ($200,000.00) Dollars of.the tax increment financing- would be for lateral water and sewer cbo--nectar.=pec tonfees to the Citi of Blaine for the Benefited Lots and would. among the Benefitedis based ase.. upon the pr-oportiarata • . =cotagge or ail the lots, with said pro rata benefit for each of Benefited en of ed to the -.1 ;rd :- a� of Lots to be allocated or buyers =w^..r such lot. 13.5 Prior to Closing, Seiler, ; the ?;.1 l Plat for Se_. _, a: its sole costa d e-dense willrecord ^'i Pat c North Star Industrial Park 2n c Ac�tan. asp par; of t e Seller w� convey the �e 7� to the Criv the ^.�:er;-T Geg ..; ,: rrn , .�� :.:• "-Y .at Theconveyanceor' T cae.. as �L.tict • Cutiat A will be :. lieu ,. Seller will also agree as part Plat -" of rs--= dedication fees. gr- of the Final.at trccsss that the _s ture detention cone to be const-acted on the norther porton of Cu iict ,vigil be constructed a: Seller's sole cost azd a.r.e_.r will ^��cators. The ,Q -, .sa .Wd be ccr��ctec accarc =�- to Bova,.:.. ansjDi;t~: for ;.,a,"-:.,_ ofue that of the n� - ` "C the detention �ciC will s1 aC^^"' ., QW"� of Lots and 2. i ''T"t2na.n.^.g of the pond 7T :., • _o_danc withCity standards, poiices and prrceo;ures. .. be 13.3 This contract shall be gove d M nnesota. e .Z.:7the laws of the State of ==_2427.