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Kristin.e Giga <br />June 10, 2�10 <br />Page 2 <br />D. The C ity and praperty aw�er could sign an agreement which wauld be <br />recorded and which contains the following elements : <br />l. Property owner acknowledges that benefit will accrue upon <br />subdivision of property . <br />2. Property owner waives hearing requirements of Minn.. Stat. §42� <br />if subdivision occurs . <br />3. Property owner agrees that City does not have to approve a <br />subdivision unless the second assessment is paid. <br />If Optians A, B, or D are utilized the assessn�ent would be of record and future <br />property owners will b� alerted. If Option C is utilized there would be no recard at the <br />county recorder's affice. In this case, the City should flag t�e lot in some manner so <br />that future staff and councilmembers would know in the event that there is an <br />application for a subdivision. <br />If you have any questians, please contact me. <br />JPF/jmt <br />Ver t y yours, <br />ome . Filla <br />