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assessment against the Park Board property at issue in the City <br /> of St . Anthony in the amount of $56 , 494 . 50; and, <br /> WHEREAS, the Park Board has appealed said assessment <br /> claiming, among other things , that it is illegal ; and <br /> WHEREAS, the parties , while conti.nuing- to disagree as to <br /> the legality of the assessment, have nevertheless agreed to <br /> enter into this settlement agreement to reduce further expense <br /> and inconvenience, and to resolve the appeal on , this special <br /> assessment, only; <br /> NOW, THEREFORE, in consideration of the mutual promises and <br /> covenants contained herein, and for other good and valuable • <br /> consideration, the receipt and sufficiency of which are hereby <br /> acknowledged, <br /> IT IS AGREED AS FOLLOWS: <br /> 1 . In full and complete settlement of this special <br /> assessment appeal St . Anthony hereby reduces the assessment of <br /> $56,494 . 50 levied against the Park Board Property in St . Anthony <br /> by 50% to the sum of $28, 247. 25 . This assessment of $28, 247 .25 <br /> shall be assessed against the Park Board Property in the <br /> ordinary course and in the same manner in which St . Anthony <br /> assessed other affected real property owners for the cost of the <br /> Project. <br /> -2- <br />