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<br />,. <br /> <br />_ _ t <br /> <br />SPECIAL ASSESSMENT AGREEMENT <br />WAIVER OF HEARING AND APPEAL <br /> <br />AGREEMENT ID8lIe this JI?+ day of ~ ___ . 2007 by aud between the City of <br />Centerville. a Minnesota mumcipal corporation City"), and BOWEN WILLIAM E <br />("Property Owner"). <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 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 $16.548.61. The special assessment sba1I be <br />spread over fifteen yeatS. together with six point five percent (6.50%) 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 begjnning 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 />