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. services such as heat, water, electricity, gas, sewage disposal or garbage removal, and excluding all other income of the F AHP Unit. 2. The Metropolitan Council shall endeavor to: (a) Secure a contract or contracts with the Government for capital grants and annual contributions for the F AHP Units; and (b) Acquire or develop and administer the FAHP Units. 3. The Metropolitan Council and the Municipality agree: (a) Pursuant to Minnesota Statutes section 469.040, and applicable federal laws and regulations, including Title 24 Code of Federal Regulations section 941.201 (d), each F AHP Unit is exempt from all real and personal property taxes levied or imposed by any Taxing Body for so long as either: (i) the F AHP Unit is owned by a public body or governmental agency and is used for housing as defmed in Title 42 United States Code section 1437 a(b)(1); (ii) any contract between the Metropolitan Council and the Government in connection with the F AHP Unit remains in force and effect; or (Hi) any bonds issued in connection with the F AHP Unit or any monies due to the Government in connection with the F AHP Unit remain unpaid, whichever period is the longest (the "Exemption Period"). (b) During the Exemption Period, the Municipality, on behalf of all Taxing Bodies, agrees that it will not levy or impose any real or personal property taxes upon a F AHP Unit or upon the Metropolitan Council with respect to the F AHP Unit. (c) During the Exemption Period, the Metropolitan Council shall make, or cause to be made, payments in lieu of taxes ("Payments in Lieu of Taxes") in payment for the public services and facilities furnished from time to time without other cost or charge for or with respect to each F AHP Unit. Each Payment in Lieu of Taxes shall be made at the time when real property taxes on a F AHP Unit would be paid if the F AHP Unit were subject to taxation, and shall be in an amount equal to ten percent (10%) of the Shelter Rent charged with respect to the F AHP Unit during the preceding calendar year. A Payment in Lieu of Taxes for a F AHP Unit may not exceed the amount which would be payable in taxes if the F AHP Unit were not exempt from real or personal property taxes. (d) Pursuant to Minnesota Statutes section 469.040, subdivision 3, the County within which a F AHP Unit is located shall distribute the Payments in Lieu of Taxes among the Taxing Bodies in the proportion which the real property taxes which would have been paid to each Taxing Body for such year if the F AHP Unit were not exempt from tID\ation bears to the total real property taxes which would have been paid to all of the Taxing Bodies for such year if the FAHP Unit were not exempt from taxation; provided, however, that no payment for any year shall be made to any Taxing Body in excess of the amount of the real property taxes which would have been paid to such Taxing Body for such year if the F AHP Unit were not exempt from taxation. Pa~e 2 of 4 Pa~es