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the assessment agreement nor prohibit the developer or <br />redevcicper Prom seeking; fhrotigh the exercise of <br />administrative and legal remedies, a reduction in market <br />value for property tax purposes; provided, however, that the <br />developer or redeveloper shall not seek, nor shall the city <br />assessor, the county assessor, the county auditor, any board <br />of review, any board of equalization, the commissioner of <br />revenue or any court of this state grant a reduction of the <br />market value below the minimum market value contained in the <br />assessment agreement during the term of the agreement filed <br />of record regardless of actual market values which may <br />result from incomplete construction of improvements, <br />destruction or diminution by any causa, insured or <br />uninsured, except in the case of acquisition or <br />reacquisition of the property by a public entity. Recording <br />or filing of an assessment agreement complying with the <br />terms of this subdivision shall constitute notice of is <br />agreement to any subsequent purchaser or encumbrancer -of the <br />land or any part thereof, whether voluntary or involuntary, <br />and shall be binding upon them. <br />0 <br />10 <br />