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Agreement regarding Water and Sewer Access Charges <br /> This Agreement regarding water and sewer access charges ("Agreement') is entered into <br /> the 2..1 day of A-' i I ,201,3''by and between the MPB LLC("Owner"),the City <br /> of Elk River("City")and Elk River Municipal Utilities("ERMU"). <br /> WHEREAS, Owner is the owner of the property located at 927 U.S. Highway 10 in the <br /> City("Property")and proposes to establish a dry cleaner/coin laundry on the Property;and <br /> WHEREAS, pursuant to Section 78-189 of the City Code of Ordinances and ERMU <br /> Policy 5.0 — Water Rules, establishment of the proposed dry cleaner/coin laundry establishment <br /> requires repayment of additional Sewer Availability Charges and Water Connection Fees <br /> ("Access Charges");and <br /> WHEREAS,the amount of the Access Charges is determined by reference to the number <br /> of units identified for the proposed dry cleaner/coin laundry in Section 78-189 of the City Code; <br /> and <br /> WHEREAS, Section 78-189(e)(2) of the City Code allows the City Council to adjust the <br /> number of units applicable based on four(4)years experience for the use. <br /> NOW,THEREFORE,the parties agree as follows: <br /> 1. Owner will pay the applicable Access Charges, as determined under Section 78- <br /> 189(d) of the City Code, for the proposed dry cleaner/coin laundry prior to the issuance of a <br /> building permit to convert the building to this use. <br /> 2. If the Owner petitions the City to pay the Access Charges and assess the amount <br /> of the Access Charges to the Property,those assessments will remain payable until paid in full. <br /> 3. Owner, City and ERMU will monitor actual water use at the Property for four(4) <br /> years after the dry cleaner/coin laundry is operational and open to the public. If actual average <br /> water and sewer use during the second, third and fourth years is less than the Access Charge <br /> collected or assessed by the City and ERMU, the City will recalculate the units and refund the <br /> difference between Access Charges previously paid by or assessed to the Owner and actual <br /> average water and sewer use during second, third and fourth years. Any refund will be without <br /> interest. If the water and sewer use during the fourth year is greater than the Access Charges <br /> previously paid by or assessed to the Owner as calculated by the table in subsection 78-189 (d), <br /> the Owner will not be obligated to pay additional fees. <br /> 4. This Agreement shall be null and void, and there shall be no refund of Access <br /> Charges, whether paid up front or assessed to the Property, if the dry cleaner/coin laundry does <br /> not operate continuously for four(4)years after initially opening. <br /> 4084007.I-H]N <br /> 76 <br />