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applicable assessment proceedings under Minnesota Statutes Chapter 429. The Owners expressly waive objection to any irregularity with regard to the said assessments and any claim that the amount thereof levied against the Property is excessive,together with all rights to any proceedings or hearings under Minnesota Statutes Chapter 429,and all rights to appeal in the courts. Should the Assessment Amount exceed $160,000 by fifteen percent (15%), demolition of the Buildings shall not proceed without written approval of the excess costs by the Owners. 3.Payments.The voluntary assessments will be spread over twelve(12)years with a two-year repayment deferral with no interest accruing and ten (10) year repayment schedule beginning in 2014. Interest shall accrue starting in 2014 at the rate of six percent(6%)per year on the unpaid balance of the Assessment Amount. If the Owners fail to make any payment of the Assessment Amount when due,the City may take all necessary enforcement action, including the right to impose penalties and interest and to commence judicial action to collect the payment. 3. The City Manager shall forthwith prepare and transmit to the County Auditor a certified duplicate of the assessment roll, with each installment and interest on each unpaid assessment set forth separately, to be extended upon the property tax lists of the County,and the County Auditor shall thereafter collect such assessments in the manner provided by law. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, Minnesota: The motion for the adoption of the foregoing resolution was duly seconded by Member Etten, and upon vote being taken thereon,the following voted in favor thereof: McGehee,Willmus, Laliberte, Etten and Roe and the following voted against the same: none. WHEREUPON said resolution was declared duly passed and adopted.