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<br />.. <br /> <br />t <br /> <br />., <br /> <br />. . <br /> <br />SPECIAL ASSESSMENT AGREEMENT <br />WAIVER OF HEARING AND APPEAL <br /> <br />AGREEMENT made this I Sf day of ...ftbrUA' . 2007 by and between the City of <br />Centerville, a Minnesota municipal corporation ("City"), and MELISSA J JAQUES <br />("Property Ownerj. <br /> <br />RECITALS <br /> <br />A Property Owner is the fee owner of the following described real <br />property, located in the City of Centerville, Anoka County, Minnesota <br />("Subject Property"): <br /> <br />See attached Exhibit A <br /> <br />B. Property Owner requests that the City of Centerville undertake the <br />improvement of Old Mill Road from a point approximately 200 feet <br />north of Revoir Street to the north City limits by installation of <br />watermain, sanitary seWer, street pavement, curb, storm sewer and <br />related drainage improvements ("Public Improvement''). <br /> <br />The estimAted costs expected to be incurred for the Public Improvement total $356,027.83. <br /> <br />NOW, THEREFORE, IN CONSIDERATION OF THEIR MUTUAL <br />COVENANTS, THE PARTIES HERETO AGREE AS FOLLOWS: <br /> <br />1. The City will assess the Subject Property for the Public Improvement The <br />amount of the special assessment is $20,872.89. The special assessment shall be <br />spread over fifteen years, together with six point five percent (6.500.4) interest on <br />the unpaid balance. Interest shall begin accruing on October 1, 2007. The special <br />assessment will be certified to the county and be due and payable with property <br />taxes on the Subject Property beginning in 2009. <br /> <br />2. The Property Owner waives any and all procedural and substantive objections to <br />the Public Improvement and special assessments, including, but not limited to, <br />