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<br />, <br />. <br />../ <br /> <br />.. <br /> <br />SPECIAL ASSESSMENT AGREEMENT <br />WAIVER OF BEARING AND APPEAL <br /> <br />AGREEMENT made 1bis 1l1!::day ~t'o~2007by and between the Cilyof <br />Centerville, a Minnesota municipal corpor ("City") and JEFFREY JOHN HANZAL and <br />LAURA JEAN HANZAL <br />('~Property Owner"). <br /> <br />RECITALS <br /> <br />. I <br /> <br />A. Property Owner is the fee owner of the following described real <br />property, located in the City of CenterviIle, Anoka County, Minnesota <br />("Subject Propertyj: <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, stann sewer and <br />related drainage improvements (''Public Improvemenf'). <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 $186,944.43. The special assessment shall be <br />spread over fifteen years, together with six point five percent (6.500At> 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 />