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B. City's Responsibilities. <br />(2) days advance notice of its intent to enter upon the Property for <br />such purpose. <br />d. Assess all actual cost incurred by the City for the removal and <br />disposal of the Elm Tree. Current estimated cost for tree removal <br />and disposition is $660.49. <br />1. On or before the 1 day of December, 2010, the City or its contractors <br />shall remove the Elm Tree from the Property. <br />2. Upon completion of the removal and disposal of the Elm Tree from the <br />Property, the City Council shall adopt a resolution directing the Ramsey <br />County Auditor to assess the Property for the cost actually incurred by the <br />City to remove the Elm Tree. The assessment shall be paid in three (3) <br />equal annual installments and shall bear interest at the rate of 4.5% from <br />the date of the adoption of the resolution. The first installment shall be <br />due and payable in 2011. <br />4.0 Restoration of Property. Johnson shall be responsible for restoring the Property after <br />the Elm Tree has been removed. <br />5.0 Legal Document. This Agreement is a legally binding document and each of the parties <br />has had an opportunity to review its terms with legal counsel. <br />2 <br />