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Res 9558 Page 2 of 2 interpreted or construed to alter, substitute, or abrogate any duty, obligation, or benefit belonging to any party under the Agreement or any amendment thereto. Further, the City's consent is hereby expressly condition on the Buyer's ongoing obligation to meet all of the requirements of the Agreement, and any other requirement which may otherwise be applicable to the Property or as would have applied to the current owner, had there not been a transfer in ownership. The sole purpose and scope of the City's acknowledgement and consent is to the change in ownership of the Property, as it relates to the Agreement, and therefore the City's approval shall have no relationship to any substantive term of the Agreement, any amendment thereto, or any other obligation as it exists with relation to the Property. Subject to the conditions contained in this Resolution, the City authorizes execution of the Assignment and Assumption of Housing Development Agreement (Exhibit A), and the Assignment and Assumption of Regulatory and Operating Agreement (Exhibit B) by the Mayor and Assistant City Administrator; and NOW, THEREFORE, BE IT FURTHER RESOLVED THAT, the City's execution of Exhibit A and Exhibit B, is contingent upon the owner's completion of a Point of Sale Inflow/Infiltration inspection (and repair, if necessary), to the satisfaction of the City; and NOW, THEREFORE, BE IT FINALLY RESOLVED THAT, the Assistant City Administrator, Mayor, and City's attorneys are hereby authorized and directed to take any and all additional steps and actions necessary or convenient to file or record the appropriate documents to facilitate the directives of the City Council as provided herein in order to accomplish the intent of this Resolution. Adopted by the City Council of the City of Mounds View this 10' day of March, 2022. CITY OF MOUNDS VIEW Carol A. Mueller, M yor ATTEST: -A_ Brian B an, Assistant City Administrator SEAL: