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HomeMy WebLinkAboutStipulation of settlement/dismissal •- ----� --•�-----......_. _..�.. ............_... .... ....... . .. . . . . _ .. ... . . . ._.. _.. . . . 'i _' - . ,� ,�: �. ���I . � � ��'" DISTRICT COURT S�'ATE OF MZNNESOTA COUNTY OF HENNEPIN FOURTH JUDICIP;L DISTRICT Art Center of Minnesota, a ) . Cour� File No. 85-1Z992 Minnesota Non-Profifi Corporativn, ) ) Appe�.].ant, ) STIPU��ATION OF SETTLEMENT ) AND DISMTSSA . v. � ) City of Oxono, a Minnesota ) • Muni.cip�l Carporation, ) ) Respondent . ) It is stipulated and agz�eed betwe�n Appellant Art Centier of Minnesota and Respondent City of O�ono, as £o�1.ow5 : l. This St�ipulati.on pertains to th� praperty owned in £ee by Appellant locat�d at 2240 Noz�th Shore Drive, Wayzata, Minnesota which a.s legally dascribed as fo�lows : The Svuth 459 feet o£ the East 474 . 5 feet o� Government �ot 5 in SeCti.on �0, Township 117, � Range 23, and Lots 2, 3, 4 , 5, and 6 i.n 81ock 3, Markville. 2. By Resolution No. 1787 �dopted by Respondent on July 8, �985, Respondent assessed the above described property for the benefft � of receiving sanitary sewer pursuan� to Sanitaxy Pro�ect 85-2. The pzoperty was ass3.gned t�n sewer un�its at $9,235 per uni,� £or a tvta7. assessment of $�2,350 payable over ].5 years a� 9 .20� inte�est. 3 . AppeZl.an�s contested this origina� assessm�nt and ��led a Notice of Appeal �a�ed July 30, 1985 . i � , � - `ti� ��_i � , 4 , Appellants now intend �o s�ll a portion of the above described pxoperty; said portzan is legallX descxzbed as follows : H�reinafter the pazceJ. ro be soZd sha�]. b� texm�d the '�sa�e pa�cel'• and the remaind�� o£ th� Art Cent�r �ro��rtx �ollowing the sa].e shall be termed the "remainder �arc�l . " 5 . In �inal settlement a£ this appeal, the parties have ag�eed as follows : a . Upon execution o� this StXpulation and Di.smxssal, App�llant shail immediately pay Respondent the amaun� �' dt Twentiy-Five Thousand ($�5, 000) dollazs . /, , � / ,-'" b. AppeJ.Iant sha1,7, aJ.so pay R�sponr3ent an assessrnent in ' the amount of Twenty Thousand ($20 , 000) dollars w�.�h \ 9 .20� iriterest from July 8, 1985 , the or�q�nal , assessme22t dat�. c. Ap��llant agrees th�t �.n the �vent o� thE sale of the r�m�inder narcel, or in the event that the rema�ndsr parce], is no longer used as an Art Centez in its present form, tha� an �dd�.tional assessment of $10, 000 , shall be immediately due and payable �Q the �tespondent, S . Each party shall pay its own costs , disbuzsements and attorney' s �ees in this matter. ART C�NTER OF MINNESOTA Dated: , 1989 . By V. Owen Nels4n Reg . No. 7827X 1].00 TCF Tower 339-813I 121 South Eighth Stzeet Minneapolxs, Minnesota � 55402 Attorney foz� Art Center of Mziineso�a --2- 't � ;;� � _ . . ' .. . . . . .._ . i` i ; I "� �1i�� POPHAM, HAZR, SCHNOBRICH & KAUFMAN, LTD. I � IDated: - -- . , 1989 . By Thomas J, Bazrett Reg . No. 4911 3300 Piper Jaf�ray Tawer 333-4800 222 Sauth Ni,nth S�reet Minneapolis, Minnesota 554d2 A�torney �or City of Orono : 548 ZJLP , -3-