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Kristine Giga <br />June lO9 2010 <br />Pa�� 2 <br />D. The City and property owner could sign a� agreement which wauld be <br />recarded and which contains the following elements : <br />1. Property owner acknowledges tbat benefit wi11 accrue upon <br />subdivision of property. <br />2. Property owner waives hearing requirements of Minn. Stat. §429 <br />lf S11bC�1Vl.S10I2 OCCL1rS . <br />3. Propert� owner agrees that City does not have to approve a <br />subdivision unless the second assessment is paid. <br />If Options A, B, or D are utilized the assessment would be of record and future <br />property owners wi11 be alerted. If Option C is utilized there would be no reeord at the <br />county recorder's office. In this case, the City shauld flag the lot in some manner so <br />tlzat future staff and councilmembers would knaw in the event tl�at there is an <br />appli�atio� for a subdivision. <br />if you have any questions, please contact me. <br />JPF/jxnt <br />Ver t y yaurs, <br />ome . Filla <br />