2023-07-12 CC Packet - Laserfiche WebLink

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City will receive a Lien Waiver and a Form IC324 from John's ProCare upon completion of the project and request for payment. Said payment will not exceed the amount assed through this agreement. E. The costs to be incurred for the Improvement is the amount of the special assessment listed below: NOW, THEREFORE, IN CONSIDERATION OF THEIR MUTUAL COVENANTS, THE PARTIES HERETO AGREE AS FOLLOWS: 1. The City will assess the Subject Property $8,831.25. The special assessment principal shall be payable in equal installments over five (5) years, plus 4.5% interest on the unpaid balance. Interest shall begin accruing on November 1, 2023. The special assessment principal and interest will be certified to the county and become due and payable on the same schedule as the property taxes for the Subject Property beginning in 2024. 2. The Property Owner waives any and all procedural and substantive objections to the Public Improvement and special assessments, including, but not limited to, hearing requirements and any claims that the assessment exceeds the benefit to the Subject Property. The Property Owner waives any right to appeal pursuant to Minn. Stat. §429.081. 3. Property Owner may prepay the entire special assessment without interest if paid in full by November 1, 2023. 4. This Agreement shall be binding upon the Property Owner and the Property Owner's successors and assigns. This Agreement may be recorded against the title to the Subject Property and it shall run with the property. 5. No remedy herein conferred upon or reserved to the City is intended to be exclusive of any other available remedy or remedies, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given under this Agreement or now or hereafter existing at law or in equity or by statute. 6. No delay or omission to exercise any right or power accruing upon any default -2-