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�����lY��� <br />I . Q p�x�t�es . . �'� �s ���-eer�en� {"Agree�e�t 4' } is ente�e� �n�a �y anc� bet�veen �tl�e City �f <br />Arden H��ls, a M.1���sc��a �ta�t�t�r� c��� �"���y"} and �r�lchs �o�c�xn� CQrnpar��, L��, <br />a M�r�esota lim�ted. liabil�ty c���ar�� �"���c�s"}. <br />2 . � Rec�taxs . <br />, <br />.A�. �"�e C�t� has avvarde�r� a ca�tract f�r �he �on�tru�t�or� of ��e 2�1�} Pav��ex�� <br />�a�ag�ment �'�aj �et ( "2� � t� �'�VI�'"} vv�ic� i�c���es �he r�cons�ru.ct�o� �f <br />�a�en�i�e Cres� Road . <br />�. T�e Cit}� has adopted zor�i�g an� �ub�xvzs���n reg�u�a�ians �"D�v��op�e�� <br />Regulat���s"} whic� de�ine �inimurn �o� s��e xequirernen�s. <br />C. T�ie �ity vw�ll s��ciatl�r assess a�aort�an of the Z��C� �'�l' cost ag���s� �.e <br />pa�-ce�s r�c�i��n� a�peciai be���it �`xv� t�e co�struc���►� af �e 2��� �'M�'. <br />�. Fursuant to the City's Specia� Ass�ss��nt �'a��cy, a s�n��e far.���� xes�d�a����� �ot <br />v�ou�c� be s��cia�I� assessed o� ��a�x �o� u��t bas�s. A"Lot �r��t" �� de��� �s <br />a p�atted singIe fa�il}� res�de�t�a1 1�� v�r�.�c�, ac��rc�ing �� �he ��rr�r�t Arc�en <br />I�i11s �VIu������� �ode, �a�at b� fi�r�e�r s��d�v��.e�. � s�ngl� �am��y res�dent�al <br />�a� v�rhicl� cauld �� sub�ivi�ed in compl�ance v�r��h ��e ,�rden I��I�s Nlunr�Ypal <br />�ode v�ou�ld b� specia�ty asse�s�d f�� a�u�b�� t�f �at u��t� equa� �� t�e �.�xnber <br />of ��o�s �v��ch ca�ld be �reat�d by � futu�e su�d�v�s��n. <br />E. �nri��s �s t.h� awner o�' �h� �oi�a�i�g �escrihec� proper�y � "L�nari��s �'�-apert� "} <br />��rich has a�ostal adc�r�ss o� 4t}93 �a�en�ir�e �res� �saad: <br />�.ot 1, B��ek 2, I-�au�e Ad���ion <br />t���v Z1.��.Z�.4�.a���� <br />F. �'he �r�ic.�s �'��perty is lc��ated �r� a� �-� zo�i�� d�str�ct and �s i��xove� ul���i a <br />sing�e fam��y dw�l��n� �nc� a.� a�tached garage. <br />G. ��� ��'�C�'IS F�'�'��7���1 IS � �Ot 'Vt���C� ��t��C�. �� �U�'C���' St��C���1��[�. 1I1�(� �Wt) ��� �.C��S <br />and each resul�ir�� �ot w��ld com��y �vit� t�� genera� Iot sta��ar�s con�a��e� i� <br />the curren� �r�.en �i��s ����c�pal �ac1e+ <br />�.. The �ity �s co�:�ic�eri�g �� possibY�ity af s�ecia��y assessin� t�e Er�ichs <br />�ropert� for t�o ��} resi����ia� �o� eq��vale�ts �r� �rder �o equfta��� s���a� the <br />cost o� the 2�I� �'�V1�'. <br />I. ��r�chs object to ��ir�� �ssessed fc�r �v�o (23 �.�t U�its a�d states that En�-ic�s <br />�as �Q in�tez�t to fu.�th�r su�div�de t�he Enri�hs Pxa�ae�� no� or in th� near <br />fi-�ture . <br />3.� �IO�' T��RE�fJRE, �n consid��a�ian a� ��e .�ut�al �nc�e�a��x�gs �er�in expr�ssed, <br />�he parties a�r��: <br />,1�. T�� �ity agrees �hat it vc���l s��c�a��� assess t�.e Enrichs Proper�y �'c��r ox�� (�) L�t <br />L1nxt �t �h� presen� �ime; v�i�� �ozego �he adap�i�� of a defe�red s�e��a� <br />assess��nt ro�� �or a the seeond Lat LTx��t; az�d ���I farego th� a�dopt�on �� t�� <br />