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f . 4 <br /> • EXHIBIT C <br /> FORM OF ASSESSMENT AGREEMENT <br /> THIS ASSESSMENT AGREEMENT is dated as of , <br /> 198_, by and between the HOUSING AND REDEVELOPMENT AUTHORITY OF <br /> ST. ANTHONY, MINNESOTA, a Minnesota public body corporate <br /> ( "HRA" ) and ST. ANTHONY LANEL, a Minnesota limited partnership <br /> ( "Redeveloper" ) . <br /> HRA and Redeveloper have entered into a Redevelopment <br /> Contract dated as of 1988 for the <br /> redevelopment of the property legally described on Schedule A <br /> attached hereto ( "Redevelopment Property") . <br /> HRA and Redeveloper desire to establish a minimum <br /> market value for the Redevelopment Property and the <br /> improvements to be constructed thereon, pursuant to Minnesota <br /> Statutes, Section 273 . 76 , Subd . 8 , a copy of which statutory <br /> provision is attached hereto as Schedule B. <br /> The County Assessor for the County of Hennepin, State <br /> of Minnesota ( "Assessor" ) has reviewed the plans and <br /> specifications for the minimum improvements to be constructed <br /> on the Redevelopment Property ( "Minimum Improvements" ) and the <br /> • market value previously assigned to the Redevelopment Property. <br /> In the judgment of the Assessor the minimum market <br /> value of the Redevelopment Property and Minimum Improvements <br /> agreed upon by HRA and Redeveloper, as hereinafter set forth, <br /> appears to be a reasonable estimate. <br /> NOW, THEREFORE, the parties to this Agreement, in <br /> consideration of the foregoing premises and the covenants and <br /> agreements made by each to the. other under the Redevelopment <br /> Agreement and this Agreement , do hereby agree as follows : <br /> 1. Upon substantial completion of the construction of <br /> the Minimum Improvements, the minimum market value assigned to <br /> the Redevelopment Property and .Minimum Improvements <br /> (collectively, the "Property" ) shall be Five Million Seven <br /> Hundred Thousand Dollars ($5, 700, 000) , until -[insert maturity <br /> date of Bonds] . <br /> 2 . Upon completion of the Minimum Improvements by <br /> Redeveloper, the Assessor shall value the Property pursuant to <br /> Minnesota Statutes, Section 273 . 11 except that the market value <br /> assigned thereto shall not be less than the amount set forth in <br /> paragraph 1 hereof . <br /> • <br />