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DRAFT DRAFT DRAFT <br /> 1. The City will assess the Subject Property for its portion of the Public <br /> Improvement. The amount of the special assessment is $15,625. The special <br /> assessment principal shall be payable in a lump sum not later than July 15, 2013. <br /> 2. The Property Owner waives any and all procedural and substantive objections to <br /> the Public Improvement and special assessments, including, but not limited to, <br /> hearing requirements and any claims that the assessment exceeds the benefit to <br /> the Subject Property. The Property Owner waives any right to appeal pursuant to <br /> Minn. Stat. §429.081. <br /> 3. Property Owner may prepay the entire special assessment without interest if paid <br /> in full by July 15, 2013. If the special assessment is not fully paid by such date, <br /> then the entire unpaid balance shall be certified to Anoka County for collection <br /> with property taxes on the property in payable in 2014 together with interest from <br /> July 15, 2013 to December 31, 2014. <br /> 4. This Agreement shall be binding upon the Property Owner and the Property <br /> Owner's successors and assigns. This Agreement may be recorded against the <br /> title to the Subject Property and it shall run with the property. <br /> 5. No remedy herein conferred upon or reserved to the City is intended to be <br /> exclusive of any other available remedy or remedies, but each and every such <br /> remedy shall be cumulative and shall be in addition to every other remedy given <br /> under this Agreement or now or hereafter existing at law or in equity or by statute. <br /> 6. No delay or omission to exercise any right or power accruing upon any default <br /> shall impair any such right or power or shall be construed to be a waiver thereof, <br /> but any such right and power may be exercised from time to time and as often as <br /> may be deemed expedient by the City. <br /> 7. In the event any provision of this Agreement shall be held invalid, illegal, or <br /> unenforceable by any court of competent jurisdiction, such holding shall not <br /> invalidate or render unenforceable any other provision hereof, and the remaining <br /> provisions shall not in any way be affected or impaired thereby. <br /> 8. Except as specifically stated herein, the payment of this special assessment shall <br /> be governed by Minnesota Statutes Chapter 429. <br /> -2- <br />