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• PART VII <br /> INDEMNIFICATION LETTER OF AGREEMENT <br /> The Mayor of the City of Arden Hills <br /> and Members of the City Council <br /> City of Arden Hills <br /> 1245 Highway 96 <br /> Arden Hills, MN 55112 <br /> RE: Application of for Tax Exempt Revenue Bond Financing by the City <br /> of Arden Hills <br /> Dear Mayor and Members of the City Council: <br /> This letter of agreement is given by , a under the <br /> laws of Minnesota ("Applicant") as required by the City of Arden Hills, Minnesota in connection <br /> with its consideration of an application for tax exempt revenue bond financing for the project <br /> described in the application. <br /> Applicant agrees as follows: <br /> 41111 <br /> 1. Applicant agrees to pay or reimburse the City for any and all costs and expenses which the <br /> City may incur in connection with its consideration of the project and the granting of tax <br /> exempt revenue bond financing therefor, whether or not the project is preliminarily <br /> approved by the City, whether or not the project is approved by the State of Minnesota, <br /> whether or not revenue bond financing is finally approved by the City, whether or not the <br /> bonds are issued and sold, and whether or not the project is carried to completion. <br /> 2. Applicant agrees to indemnify and hold the City, its officers, employees and agents <br /> harmless against any and all losses, claims, damages, expenses or liabilities, including <br /> attorneys fees incurred in their defense, to which the City, its officers, employees and <br /> agents may become subject in connection with the City's consideration, issuance or sale of <br /> the bonds for Applicant's project and the carrying out of the transactions contemplated by <br /> this agreement and any resolutions adopted, or agreements executed by the City in <br /> connection with the issuance of its bonds for this project. <br /> 3. Applicant hereby releases the City, its officers, agents and employees from any claims, <br /> causes of action, losses, damages, or liabilities which it may have against the City, its <br /> officers, agents, and employees or which it may incur in connection with: the City's <br /> consideration of the application for industrial development revenue bond financing for <br /> Applicant's project; the failure of the City, in its discretion, to issue tax-exempt revenue <br /> bonds for Applicant's project; the issuance and sale of the bonds; the construction of the <br /> 410 project; or any other matter or thing of any type or nature whatsoever which may arise in <br /> connection with the foregoing. <br /> 356755v2 SJB AR200-7 14 <br />