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63 <br />EXHIBIT C <br />AGREEMENT FOR SPECIAL ASSESSMENT PETITION, CONSENT, AND WAIVER <br />THIS AGREEMENT POR SPECIAL ASSESSMENT PETITION, CONSENT, AND <br />WAIVER (this "Special Assessment Agreement"), made as of this day of <br />, 2012, by and between Saint Anthony Village, a Minnesota statutory city (the <br />"City"), and Autumn Wood III, LLC, a Minnesota limited liability company (the "Developer"). <br />RECITALS <br />WHEREAS, the Developer has asked the City to approve its final development plan of a <br />72 -unit senior assisted living facility, dated October 13, 2011 as updated on January 4, 2012 on <br />the Planned Unit Development property as defined and legally described in Exhibit A hereto <br />(the "Property"); <br />WHEREAS, the City and the Developer have entered into that certain Planned Unit <br />Development Agreement, dated , 2012 (the "Development Agreement") <br />regarding the Property. <br />WHEREAS, the Developer requests that the City construct public sewer improvements, <br />as described in Exhibit B to the Development Agreement (the "Public Improvements"); <br />WHEREAS, the total cost of the Public Improvements is projected to equal <br />approximately $57,067.50, as detailed within Exhibit B to the Development Agreement, and the <br />Developer and the City agree that the actual cost of the Public Improvements, plus all City <br />expenses for the imposition of the special assessments (the "Special Assessments") be financed <br />by the imposition of special assessments on the Property in a final amount determined by the <br />City Council of the City (the "Improvement Costs") over a period of fifteen years at an interest <br />rate of two percent over the City's interest cost for City bond proceeds related to the Public <br />Improvements; <br />WHEREAS, the Developer requests that the City construct the Public Improvements <br />without notice of hearing or hearing on the Public Improvements and without notice of hearing <br />C-1 <br />