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rate the City pays for the general obligation bonds necessary to <br />finance the City Roadway Improvements. <br />3.3 SPECIAL ASSESSMENTS FOR CITY STORM SEWER IMPROVEMENTS. <br />The special assessments for the City Storm Sewer Improvements shall <br />be spread equally over years. The rate of interest on such <br />special assessment shall be _ percent above the interest <br />rate by the City pays for the general obligation bonds necessary to <br />f:.i.riance the City Storm Sewer Improvements. <br />3.4 DEVELOPERS AGREEMENT REGARDING ASSESSMENTS. The Devel- <br />oper hereby waives any and all procedural. an substantive objections <br />to the special assessments levied in connection with the City <br />Improvements, including but not limited to, notice and hearing <br />requirements and a claim that the special assessments exceed the <br />benefit to the Project. The Developer waives any appeal rights <br />>therwise available pursuant to Minnesota Statute 429.081. The <br />D,,-veloper acknowledges that the benefit to the Project caused by, <br />t:h+a� City Roadway Improvements and the City Storm Sewer Improvements <br />sloes in fact equal or exceed the amount of these special <br />assessments. The Developer, hereby waives hearing and noticr of any <br />and all hearings necessary for the ordering and installation of <br />(),-velope,t- Improvements installed due to the Developer's <br />defauIt. <br />ARTICLE 4 <br />EQUITABLE PAKEL EASEMENT <br />4.1 ACQUISITION or E.ASE14EN7. The Developer shall enter into <br />trt easi,�m ant,... agreement with the ownor of the Equitable Parcel, <br />quitablo Life Assurance Society of they united States. This <br />gasement4 Agreement shall convey io the Developer an easement on, <br />*,►v*ar and across the Equitable Parcel for ingress and egress between, <br />the Pr.•o joct tans! County Road S- 2 . The Easement Agroement shall be <br />ill the form ; f .10 Equitdble Eageanti-Int~ Agreement attached h+ recto as <br />11'.xilibit E. <br />4.1 <br />DEDICATION OF <br />-----�. <br />A PORTI()N <br />OF 'C11E_Ea UITAg1;;f. PARCEIR. Tho <br />tit# c�r., r <br />tiiall EEr'r'artg with <br />the otw <br />_ <br />u-r of 010 Eqult.cr,1>10 Parcel, the <br />r,Jtrrtftt 1c- <br />Life Assurance <br />Society of <br />the Unit•ewi States, a New Fork <br />cq-)rpor4tion, for t:ho dedication <br />in <br />41 form acceptable to the City, <br />*f L114L <br />l)oi'ts.ion of the <br />EquiLablo <br />Paz,,col logal ly de -scribed on <br />FXhibl- : P <br />heron.), to tw:ho <br />public lor <br />tj:ic� c,ti iidditlonal righL-of-way <br />t,►r• tt:�ttni v R#-,)dd S-? . <br />4.3 DRYELOPER' S INDEMNITY. `I°her Dovglopc,xr: hor0>y agrees to <br />k 11demn i f y art�i �l f end t he tit;} i t; c ,ten�ta l , agentss , employees, <br />srt.tvrnoys tard r~vprk.ySC-)nt0.rtiVV.S from rind afgaint4tti and in respect Q( <br />alty and it l 1 c lil ims, Kit iliarrei A, ilk t ions, sui uj, procoirDd.ings, 109ses, <br />4'ost9, Srxpt"I'nRo:t, obligations, lidbil it~ies, damages, recoveries and <br />including intorresr, ponelll.t ios anet attorneys fees that', <br />tho City incurs or suffers or which carsiso out of, result from or <br />