Item 4I, Walker Assessment Appeal

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SEITLEMENT AGREEMENT AND RELEASE 'This ettlement Agreement and Release (the .Settlement Agreement") is made and entered' to to be effective the "t"- day of f'\.I1...r. 2. CO'lS", 2008, by and among Nicholas and Leann Walker (collectively the "Plaintiffs" , and the City of Arden Hills, a municipal co oration (the "Defendant"). RECITALS a. A disp (the "Dispute") has arisen between the Plaintiffs and the Defendant with resp to certain matters arising out of a special assessment levied by the Defe dant against the property owned by the Plaintiffs located at 1518 Briarknoll Drive Arden Hills, MN (the "Property"). b. The Plai 'ffs filed a Notice of Appeal of an Assessment Special Assessments on or about June 27, 2007, appealing the Special Assessment resulting in the present laws t (the "Lawsuit"), which was adopted by the City pursuant to Resolution on or a ut May 29, 2007 (the "Special Assessment"). 'ffs have previously paid the entire amount of the Special Assessment. c. d. The Plain 'ff and Defendants have reached an agreement and understanding with respe to the settlement of the Dispute and the Lawsuit and wish to memorialize the s e in writing. THEREFORE, for good and adequate consideration, the receipt of which owledged, the parties hereby agree as follows: I. Pavment. The Defendant agrees to pay to the Plaintiffs the amount of Three Hun Eight 0/100 Dollars ($308) (the "Payment"). In consideration of the Payment, rec ipt of which is hereby acknowledged. the Plaintiffs agree to release the Defendant fr m any liability and claims whatsoever (known or unknown) arising out of or in any way related to the Special Assessment, the Dispute, the Lawsuit, or any other matterrelate thereto. 2. No Admission of Liability. It is understood and agreed that this