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HomeMy WebLinkAboutSpecial Assessment Agreement PUBLIC IMPROVEMENT AND SPECIAL ASSESSMENT AGREEMENT AGREEMENT dated ,2009,by and between the CITY OF ORONO,a Minnesota municipal corporation("City"); and OMS Properties,LLC, a Minnesota limited liability company(hereinafter referred to as the"Property Owner"). RECITALS A. Property Owner is the fee owner of the property located at 850 Wayzata Boulevard in Orono,Minnesota legally described on Exhibit"A" attached hereto. The property described in Exhibit"A"will be referred to herein as the"Subject Property". B. Property Owner has requested that the City construct a sewermain to serve the Subject Property("Public Improvement"). C. The City is willing to construct the Public Improvement subject to the terms of this Agreement. NOW,THEREFORE,IN CONSIDERATION OF THEIR MUTUAL COVENANTS THE PARTIES AGREE AS FOLLOWS: 146393 1 1. PUBLIC IMPROVEMENT PROJECT. The City shall construct a 4-inch diameter pressure sewer forcemain from the Wayzata sewer system to the Subject Property. 2. ASSESSMENTS. The Subject Property shall be specially assessed$13,077.00. The assessments shall be paid over a 15 year period without deferment,together with interest at a rate of six and one-quarter percent(6.25%)per year on the unpaid balance. The first installment shall be due and payable with taxes in 2010. The Property Owner waives any and all procedural and substantive objections to the Public Improvement and the special assessments, including but not limited to hearing requirements and any claim that the assessments exceed the benefit to the Subject Property. The Property Owner waives any appeal rights otherwise available pursuant to Minn. Stat. § 429.081. 3. BINDING EFFECT; RECORDING. This Agreement shall be binding upon the Property Owner and the Property Owner's successors,heirs, and assigns. This Agreement may be recorded against the title to the Subject Property. [The remainder of this page has been intentionally left blank. Signature pages follow.] 146393 2 IN WITNESS WHEREOF,this Agreement was executed by the parties the day and year first above written. CITY OF ORONO ���3 By:* � I �' rr ' es M. White, Mayor ° 4 4 '#• (szAL)0 y k !/ O ti° f r C-- r >, r x Y AND SV r" f ` Linda S. Vee, City Clerk 'I `A ro PRO' RTY OWNER: • By: in, ` t � I Le— "1 Its A J�1 G. C T 6 k Its STATE OF MINNESOTA ) ( ss. COUNTY OF HENNEPIN ) The foregoing instrument was acknowledged before me this /� day of 20 0 9 , by James M. White and Linda S.Vee,respectively, the Mayor and City Cl k of e City of Orono,a Minnesota municipal corporation,on behalf of the corporation and pursuant to the authority granted by its City Council. k. �,^.., ._. GJ ^_.s..^J.Jl,!!!1!./✓' otary Public .-. MONICA A. FADNESS NOTARY PUBLIC-MINNESOTA My Commission Expires Jan.31,2012 146393 3 STATE OF MINNESOTA ) ( ss. COUNTY OF HENNEPIN ) /l The foregoing instrument was acknowledged before me this 7 Today of Imo , 2009,by M i c h Cid KVl !f ,the --L t r L I L of OMS Properties LLC, a Minnesota limited liability company, on behalf of OMS Properties, LLC. !J1!./l.Il1lII!!l✓lfllrl./!!lll...S � MONICA A.FADNESS Notary Public ;., NOTARY PUBLIC-MINNESOTA �,,::+ My Commission Expires Jan.31,2012 l� ✓✓!!!!!!✓✓ffll././✓^s:'rri.✓r.;/'/ice/,1 DRAFTED BY: Campbell Knutson Professional Association 317 Eagandale Office Center 1380 Corporate Center Curve Eagan,Minnesota 55121 Telephone: (651)452-5000 SMM 146393 4 EXHIBIT "A" TO PUBLIC IMPROVEMENT AND SPECIAL ASSESSMENT AGREEMENT Legal Description of Subject Property: Hennepin County PINS No. 35-118-23 44 0004; legally described as: That part of the Southeast Quarter (SE1/4) of Section 35, Township 118 North, Range 23 West of the 5rn Principal Meridian, Lying South of the southerly line of the Chicago Northwestern Railroad right of way and East of the easterly line of U.S. and State Highway Number 12, as presently established, according to the U.S. Government Survey thereof, Hennepin County, Minnesota. 146393 5 7.5b Blvd� �3 , 11111 1111 II1 1 11 11 Doc No A9395724 Certified filed and/or recorded on 7/22/09 12:00 PM Office of the County Recorder Hennepin County, Minnesota Michael H. Cunniff, County Recorder Jill L. Alverson, County Auditor and Treasurer Deputy 59 Pkg ID 555569 Doc Name: Assessment Agreement Document Recording Fee $46.00 Document Total $46.00 This cover sheet is now a permanent part of the recorded document.