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NOW, THEREFORE, in consideration of their mutual covenants, the parties agree as <br />follows: <br />1. Abatement. Attached as Exhibit A to this Agreement are proposals to complete <br />the work that the City has determined, and Owners agree, is reasonable and necessary to abate <br />the public health and safety hazards on the Property. The Owners agree that the costs of the <br />abatement identified on Exhibit A are reasonable and necessary to complete the abatement work <br />and that these costs are the responsibility of the Owners. The Owners acknowledge that they <br />have been provided the opportunity to complete and pay for the nuisance abatement without the <br />City's involvement and have elected, instead, to have the City complete the abatement and to <br />assess the full cost of the abatement, as set forth in the proposals attached as Exhibit A, assessed <br />against the Property. The City agrees to complete the abatement as set forth on Exhibit A and to <br />assess the costs thereof, as set forth on Exhibit A, against the Property. The Owners authorize <br />the City to enter the Property and to perform the abatement, and agree to hold the city harmless <br />and to indemnify the city from any claims related to the performance and the abatement, <br />including any claims of the tenant related to ownership of vehicles, trailers, junk and other debris <br />on the property which must be removed to abate the public health and safety hazard. <br />2. Special Assessment. The final costs of the abatement will depend on the number <br />of vehicles and the volume of junk and other debris removed from the property in the course of <br />the abatement, and will be determined pursuant to the proposals attached as exhibit A. Total <br />costs of the abatement are not anticipated to exceed $30,855.00. The City will assess its actual <br />total costs for the abatement, determined pursuant to the proposals attached as Exhibit A, in the <br />amount not to exceed $30,855.00 against the Property. The assessment shall be spread over 10 <br />years, together with four and one-half percent (4.5%) interest per year on the unpaid balance. <br />Interest shall accrue from the date of the adoption of the special assessment roll. The first <br />installment shall be due and payable with taxes in 2019. <br />3. Waiver. The Owners expressly waive the right to a hearing on assessments levied <br />pursuant to this Agreement; expressly waive objection to any irregularity with regard to the <br />assessment of the Property for costs of the Abatement; expressly agree that the amount assessed <br />is reasonable; expressly waive any claim that the amount assessed is excessive; expressly waive <br />all rights of appeal, including any rights under Chapter 429, Minnesota Statutes, from the <br />assessment by the City of the costs of the Abatement; and expressly agree to pay when due all <br />assessments levied for the costs of the Abatement. <br />4. Ownership. The Owners represent and warrant that they are the sole fee Owners <br />of the Property; agree to make payment of all assessments levied pursuant to this Agreement; <br />agree that they shall be personally liable for payments not made; agree that this Agreement shall <br />be binding on Owners and Owners' successors and assigns; agree that all assessments levied <br />pursuant to this Petition shall be paid in full prior to or at the time of transfer of the Property to a <br />subsequent owner; and agree that this Agreement may be recorded against the title to the <br />Property. <br />5. Binding Effect; Recording. This Agreement shall be binding upon the Owners <br />and the Owners' successors and assigns. This Agreement may be recorded against the title to the <br />Property. <br />2 <br />