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PETITION FOR LOCAL IMPROVEMENT <br />TO THE CITY COUNCIL OF ORONO, MINTSESOTA; <br />The undersigned property owner of 2090 Shoreline Drive, Orono Minnesota hereby petitions that <br />construction of a sanitary' sewer extension from the City of Minnetonka Beach utility system <br />underneath the Lake Minnetonka Areola charmel to the owners property, (the '‘improvements") be <br />undertaken by the City of Orono pursuant to Minnesota Statutes Chapter 429 as follows: <br />Subject to the following conditions: <br />1. <br />2. <br />Total Costs of Project to be Assessed to Petitioner. <br />In consideration of the action of the City Council authorizing the construction of the <br />improvements, petitioner hereby agrees to be assessed the actual costs of the <br />improvements not to exceed $52,101.00. C FtAr/.y <br />Special Assessments Installments: Interest <br />The cost of the improvement shall be paid by the petitioner to the City as a special <br />assessment levied against petitioner’s benefitted parcels over a period of fifteen (15) <br />years, with interest on the unpaid balance at an annual percentage rate of 6.25%. <br />«*> <br />J.Wavier bv Petitioner. <br />Petitioner agrees to waive, and hereby does w'aive, any and all rights to appeal the <br />special assessments, with regard to any procedural or substantive rights, rights to <br />a public hearing, rights to any notices under Minnesota Chapter 429 or any ordinances <br />of the City, and the constitutions or laws of the State of Minnesota of the United <br />States. <br />4.Deed Covenants on Property <br />Per City Council Resolution No. 4341, approved on August 23, 1999 the property <br />owners hereby agree to place deed covenants on the property. These deed covenants <br />shall be in a form acceptable to the City .Attorney, pro\ iding that there will no more <br />than two dwelling units on the property, and no more than two buildable lots on the <br />property.