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ARTICLE VI Tax �neremen#; Taxes Section 6. ]. Right ta Collect Delinquent Taxes. The Deve�oper acknowledges that the City is providing substantia3 aid and assistance in furtherance oi the redeveIopment thraugh issuance of the Note. The Developer undersiands that the Tax Increments pledged to payrr�ent on the Note are derived from real estate taxes on tl�e Minimum Irnprovernents, which taxes m�st be promptly and timely paid. To t�at end, the Developer agrees for itself, its successars and assigns, in addition to the obligation pursuant to statute ta pay rea] estate taxes, that it is alsa o�ligated by reason of this Agreement, through the Maturity Date, to pay befare delinquency all real estate taxes assessed against the DeveIopment Properly and t�e Minimurn Irr�provements. The Develaper acknowledges t33at t�is obligation creates a co�tractual right on behalf of the City to sue tl�e Developer or its successors and assigns to collect delinque�t real estate taxes and any penalty or interest thereon and to pay over the same as a tax payment to the county a�zditar_ In any such sui#, the City shall also be entitled to recover its costs, expenses and reasonable attorney fees. Nothing in this paragraph shall prevent Developer from eantesting the ama�nt of real estate taxes (whether because of valuation, classificatio�, or otl�erwise} in accorda�ce with Minnesota ]aw. Sectio« 62. Reduction of Taxes. (a) Developer agrees that through the Maturity Date it will not cause a reduction in the real property taxes paid in respect of the De�etopment Property through: (A) willfui destruction af the Development Praperty ar ar�y part thereof; {B) willful refusal to reconstruct damaged or destroyed property from i�surance proceeds availab}e to Developer for such purposes; {C} apply for a deferral of property tax on the Deveiopment Property pursuant to any law; or (D) convey or transfer or aliow conveyance or transfer of thE Deveiopment Property to any entity that is exempt from payrrtent of real prope�ty taxes uncler Sfiate law (other than any portion thereof dedicated or conveyed to the City in accordance with the plat of the Development Property). (b) T��e Developer may use any adrtzxnistrati�e or legal process provided under State Iaw to seek reduction af market value of the Developrnent Property and Minimum Ir�pro�ernents therean for ad �alorem tax purposes, provided that {i) prompt�y upon fiIing any petition or claim with any Tax Official, the Developer shali provicEe written notice of such action to the City; and (ii} if Developer fles sueh a petition or claim, the City will withhold payment of any Available TaY Incre�nent (without interest) that is ariributable to tax-payable year that is the subject of the petition or claim� until the petition or claim is fu]Iy resolved such #hat tl�e County has fir�ally determined the amount of properiy taxes payable with respect to the De�elaprt�ent Property for that year. (The re�nainder of this page is in#entionally left blarak.} 19