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(a) It will not seek administrative review or judicial review of the applicability of any tax statute relating to the taxation of the Development Property determined by any tax official to be applicable or raise the inapplicability of any such tax statute as a defense in any proceedings, including delinquent tax proceedings; (b) It will not seek administrative review or judicial review of the constitutionality of any tax statute relating to the taxation of the Development Property determined by any tax official or raise the unconstitutionality of any such tax statute as a defense in any proceedings, including delinquent tax proceedings; and (c) It will not seek any tax deferral or abatement, either presently or prospectively authorized under any State or federal law, of the taxation of the Development Property. (f) The Assessment Agreement will be terminated if a Minnesota statutory change is enacted that causes the assessed valuation of the Development Property to be lower than the Assessor's Minimum Market Value. The Authority will cooperate with the Developer in preparing and executing any reasonable termination documents required if such a statutory change occurs. ARTICLE V CONSTRUCTION OF MINIMUM IMPROVEMENTS Section 5.,1 Minimum Improvements. The Development includes the Minimum Improvements required to be constructed by the Developer, as depicted on the Minimum Improvements Site Plan, included in the Design Drawings, attached as Exhibit B. The Developer agrees to construct approximately 152 senior rental housing units, together with related parking facilities (the "Minimum Improvements"). Section 5.2 Intentionally Left Blank Section 5.3 Intentionally Left Blank Section 5.4 Design Drawings; Preliminary Plans. (a) Prior to the preparation of any Final Plans, the Developer shall submit the Preliminary Plans to the Authority for approval. Based on the Preliminary Plans, the Developer will submit to the Authority for approval the Final Plans. The Developer understands that the Final Plans must be consistent with the Design Drawings, the Redevelopment Plan, this Agreement, the PUD Agreement, and all applicable State and local laws and regulations, insofar as said consistency may be determined at said preliminary stage. (b) The City, Authority and Developer agree to communicate and cooperate to complete the reviews required under this Article V in time to Commence Construction in accordance with the Minimum Improvements Timeline in Section 7.1. Section 5.5 Construction Plans. 14