7A, Resolution 2010-034 - Receiving Proposed Special Assssment Roll & Providing for Hearings for the 2010 PMP

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DRAFT AGREEMENT 1.0 Parties. This agreement ("Agreement") is entered into by and between the City of Arden Hills, a Minnesota statutory city ("City") and Scot M. Peloquin and Melinda M. Peloquin, husband and wife (collectively "Peloquin"). 2.0 Recitals. A. The City has awarded a contract for the construction of the 2010 Pavement Management Project ("2010 PMP") which includes the reconstruction of Valentine Avenue. B. The City has adopted zoning and subdivision regulations ("Development Regulations") which define minimum lot size requirements. C. The City will specially assess a portion of the 2010 PMP cost against the parcels receiving a special benefit from the construction of the 2010 PMP. D. Pursuant to the City's Special Assessment Policy, a single family residential lot would be specially assessed on a per lot unit basis. A"Lot Unit" is defined as a platted single family residential 1ot which, according to the current Arden Hills Municipal Code, cannot be further subdivided. A single family residential lot which could be subdivided in compliance with the Arden Hills Municipal Code would be specially assessed for a number of lot units equal to the number of lots which could be created by a future ,subdivision. E. Peloquin is the owner of the following described property ("Peloquin Property") which has a postal address of 1645 Valentine Ave.: (PIN 21.30.23.44-0007) Subject to Highways 10 and 393 and except the north 130 feet thereof, that part of the east 792 feet of the south one quarter (1/4) of the southeast one quarter (1/4) of Section 21, Township 30, Range 23, lying westerly of the centerline of Highway 10. F. The Peloquin Property is located in an R-1 zoning district and is improved with a single family dwelling and an attached garage. G. The Peloquin Property is a lot which could be further subdivided into two (2) lots and each resulting lot would comply with the general lot standards contained in the current City Development Regulations. H. The City is considering the possibility of specially assessing the Peloquin Property for two (2) residential lot equivalents in order to equitably spread the cost of the 2010 PMP.