Laserfiche WebLink
OYr26/P009 14:47 FA� � ��� <br /> ,y.-3►- ZZ- 33- �o� Y <br /> SPECUL AS!SESBMENT AQREEM@NT <br /> THIS IS A BINDINa AtiREEMENT, efiec�ive the iwe�tisth day of �ebr�ary 200�, <br /> between the City oi Cen�enrllle, {the "Cit�, and larry and Ja�a Koc�, (the "Ovmers"}: <br /> THE PARTfE$ AGREE TD THEBE $TATEIAENT3 QP �ACT: <br /> A.) Tt�e tywnet8 are the fiee o�wnar of ros{ propeAy (the "Propetiy'), loc�i�ed in t�e City of <br /> CentenriUe, Anokei CouMy. MEnne�, snd klenUfied by Property Identi�t+on Nurr�er: <br /> 143122330014. ' <br /> 6.j Ths Property l� loc��d on a str+eat which wN! bs improved as pert the Clty�s 2008 II �� <br /> Stt�est Improvement Prqec� Cvnsbuct� plans fi�r ihis project, aton� wtth documenis detsiNng i <br /> ths cost of construd'an are aval�bb 1br pubik review at City Hall or at www.Centen+ill�MN.com. <br /> C.) 4n J�nuary 21, 20�9, the City adopbed the rnN of spedel asa�essments ta pay ivr the <br /> Z009 Street Improvement projsct pur�ue�nt to Minnesota Statutes Chapter 479. <br /> IN CONSIDERATIC?N OF THEIR fNUTUAL COYENANTS, THE PARTIES AQREE A�S � <br /> FOL.IAYffB: ' <br /> 1. 'rhs speciat assessment epetnst t�e ProPer�l to peY for trie 20oe 3tr+�et Im�rovemer�t ' <br /> Projact ahaN be reduvod tcom the arraunt adop�d by the Ct�y on Ja�usry 27, 2009. The »ew � <br /> amount ot thi� $pecl�! asaessment egajnat !he Property shs!! ba �99,994.88. Thk sp�daf <br /> assessn�ent wlft not be sub�a�t t� any fuRfier reduction. <br /> 2.) As part of the at�t improvements, the Clty �hell canstruct servke stubs from the <br /> wat�r 8nd aeinitary sewer IMe�s ta serve th� Property. <br /> 3.) The Owners may propaiy the entire apecial aaesssment wtthout tnterost if paid in full by <br /> Oct�ober 1, 20Q8. If not paid ht fu11 by C?ctober 1, 2008, Payrttent of the p�incipa! ot thia spedat <br /> asseaameM st��tl be dei�em�d t�r th� first ffve (�) yee��s, �qd therealber for tgn (10) y+ears, it shaN <br /> be dlvidsd and peid in ann�al peyrr�t�ta. Intereat wiil bepin to accnae on Ck�ob�er 1, 2009 and n <br /> shatl be determined in a mat�net � leiw. inieregt k paid M ihe san�e manner as p�ymen� of <br /> the spea�l ssseesrnent q,�" �; o <br /> 4.) Payment of lhfs spsCial as�eesment wN( bs csrdlied to Anoka County where it wiil be <br /> deferred for e perbd oi fivm (5y years beqinning cm October 1, 20QA, sut�ec:t to the foNcMrin� <br /> provisions: <br /> s.) The deferme�nt 8hali rur� with the land �s lon� es the ProPeKY ��9s to tha t)wners. <br /> Paps 10� 2 <br />