Laserfiche WebLink
· ':', " 135386 <br /> <br /> ' 1. Support for Assessment District. Kaiser agrees not to <br /> protest establishment of the District including the Kaiser <br /> Property. <br /> <br /> 2. Kaiser's Financial Share. Kaiser agrees to waive the <br /> right to protest the costs of the Valley Avenue Extension Assess- <br /> ment District and their allocation among various properties as to <br /> equitablehess if Cash Assessments on the Kaiser Property do not <br /> exceed Four Hundred Thousand Dollars ($400,000.00). City agrees <br /> to pay Kaiser assessments to the extent that the Cash Assessments <br /> exceed Four Hundred Thousand Dollars ($400,000.00). No other <br /> property owned by Kaiser as of the date of this Agreement shall <br /> be included in the Assessment District. "Cash Assessments" for <br /> purposes of this limitation shall include costs associated with <br /> formation of the Assessment District but shall not include those <br /> costs which are not charged in the event Kaiser elects not to pay <br /> cash during the thirty day cash payment period (e.g. interest, <br /> bond reserve, bond discount, etc.), and shall not include credit <br /> assigned for value for closure of the Kaiser Private Crossing or <br /> the value of licenses granted pursuant to Paragraph 4. <br /> <br /> 3. Closure of Kaiser Private Crossing. <br /> <br /> a. Location of Crossing. Kaiser owns and uses a pri- <br /> vate railroad crossing in the vicinity of the Project. The <br /> "Kaiser Private Crossing" connects the Kaiser property to Stanley <br /> Boulevard and is located at approximately MP D-42.2 and MP <br /> BO-67.3 of SPTCo and MP 42.9 WPRR. <br /> <br /> - 3 - <br /> <br /> <br />