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SPECIAL ASSESSMENT AGREEMENT <br />WAIVER OF HEARING AND APPEAL <br />AGREEMENT made this � day of April, 2010, by and between the City of <br />Centerville, a Minnesota municipal corporation ( "City "), and Marta McCormack ( "Prope <br />Owner ") a single person. <br />RECITALS'`-"��� �p1® <br />1 <br />A. Property Owner is the fee owner of the following described eal prl�erty, local <br />in the City of Centerville, Anoka County, Minnesota ( "Subject Property "): <br />7251 Mill Road, PID: 143122340006 <br />Part of Auditor's Subd. No. 047(Rev) <br />B. Property Owner requests that the City of Centerville undertake the improvement <br />of installation of a service line connecting the home with water and including restoration of the <br />yard and patching of the concrete floor or basement slab. ( "Public Improvement ") <br />C. The costs expected to be incurred for the Public Improvement is the amount of the <br />special assessment listed below. <br />NOW, THEREFORE, IN CONSIDERATION OF THEIR MUTUAL <br />COVENANTS, THE PARTIES HERETO AGREE AS FOLLOWS: <br />1. The City will assess the Subject Property for its portion of the Public <br />Improvement. The amount of the special assessment is $11,785.00. The special <br />assessment principal shall be payable in equal installments over fifteen years, plus <br />five and one -half percent (5.5 %) interest on the unpaid balance. Interest shall <br />begin accruing on June 1, 2010. Each installment of the special assessment <br />principal and interest will be certified to the county and become due and payable <br />on the same schedule as the property taxes for the Subject Property beginning in <br />2011. <br />-1- <br />12 <br />