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to nair�e the ll�ird appraiser within. said thzrty (30) days, iN1e�� eith�r pariy shall request the ci�ief judge of the Washia�gton County Dasfrict Caurt to naine the third apprais�r. The t%ree appraisei•s sl�ail, withi�� sixty (b0) days o� ihe a�pointment of the third, deter�niz�e ihe mar�et value of the Exel��t Property hy conse��s�s, or if no consensus can be reached, by a�ree�nent tif at�y �wo of t�ie thz-�e. Tk�e de�e��nz�ation t�ithe appraise�-s s�ali be bindat�g o�� tk�� parties. �f the parties agree to a single appraiser, each pai�ty shall �ay o�ie-hali of tlae appraiser's �e�s. If the pa�-ties can�ot agree upoy� a single appraiser, tl�e�� each �ar1y shall pay thc fee of iI�e appraiser it selects a�d one- half of �he tk�ird ap�raiser's fees. Far purposes hereof, the mar�Ce� vaiue n�'the ��empi �'raperty si�a�l, insofar as �ossrble and co��sisie�3t wati� the inientzoz� of the parties as express�d h�reii�, be based upon the statutory defii�itions and procedures used in tl�e valuatio�� oi real prnperty foz- pt�rposes oi determii�ing ad valorezn rea� propez-ty ta�es in 1V�i�ar�esata, whieh nr�ay ar tnay ��ot a�praxitnate ��e actual fai�• ��ar�cet val�e of t%e Exempt Pt•operty. In t�e eveitt the marl�et �alue of tlie �xezx�pt Prope�-ty has not 6ee�� determiiaed b� tlte apprais�r(s) �uch �hat tl�e arnout�t af tia� payinent due in any year canizot be calculated a�►� tin�ely payrnen�s x�ade wzth reference t�areta, the Developer sl�all iaeverthetess be requi�•ed to make payr�ten�s wheiz due �ut tlie an�ount ofi� suc� �ayme��ts shaIl be calculated wit� r�fereuce to the Assessor's rr�asi recertt de�ez��iz�a�ioa� of mark�t value. If following the co�npletio�l a� the a�praisals, ii�e aetuaE payrr�ent rec�uired to be made f�y tlxe �eve[oper I�ereunder is less t}�an �he a�nouiat �ereto�'ore paid by th� Develope�', t�ie difference sha�l be refunded by ihe City to the Develop�r without inl:erest r7rithin thirry (30) days If the act�a! paym�nt required to b� ►nad� �y tlae Developer l�ex'eunder is �nore tl7an tE�e a��ount hereto�are paid, the differer�ce sl�all be paic[ by ti�e Dev�loper to the City without i�ztcr�st wiihin tl�irty (30} days. Sectio�� 3.QG. Le isla�ive C�araaes. In the e�ve�li the metIaods and procedui°es for determini��g property taxes are altereci by the Minneso#a State Legislature such tl�at ii�e �net3�ads and procedures s�t foi�th in this Agreerz�ent are no longer adequate ta pera�it t�e parties to ac�ieve the inte�i� hereaf as set �arlh in �eetion 3.02, the parties sllall negotiate in good faitl� an a��er�dtneni ta tk�is Agreeme��t direc�ea' at produczng a co�npa�-ab�e resu�t. �ectio�3 3.07. Alterations. In tkae eve��t the E�etnpt Property is substantialiy aiter�d, improved or daznaged s�ac� tlzat the �narket vaiue as estal��ished pursuarit to tlle provisio�is l�ereof is �a longer a reaso��ably aceurate esti�nate oftl�e ��aarket value o�'the E��pt �'roperty, t�� parties sl�all negotiate in good fait�� art equitab�e ac�j�astt�ae�zt of such �arket r�aIue and reduce t��eir agree��ent ti�ereto i�� r�rating. �TYCLE IV IVTTS�ELLAI�TEOUS See#iora 4.Q�. Gnverz�in� Law. Th� �arties a�ree that this Agreeanent s1�a11 be go�verned azad cons�rued it� accordaa�ce with tl�e iaws oftl�e State ofMinnesoia. Section 4.02. Tizn� is a�tl�e Ess��tc�. Tiin� shall l�e o�the �ssenee a�tlais Agr�e��ae��tt. Sectio�� 4.0�. Counterpat•ts. If this Agreeanei�t is execuCed by any nuil7ber o�coui�terparts, eaeh which shaIl be an a�•iginal, but all o�f which shali constitut� ane in the sar�ae i��strume��t.