St Albans Bay Road 5350RECEIVED
FEB 0 9 2021
CITY OF SHOREWOOD
ASSESSMENT AGREEMENT
THIS AGREEMENT is made this _ day of RGrva r r , 20_, by and between the City of
Shorewood (SHOREWOOD), a municipal corporation organized under the laws of the State of
Minnesota, located at 5755 Country Club Road, Shorewood, MN 55331 and MN Eco-Homes, LLC, Joseph
C. Houghton, 500 Far Hill Road, Wayzata, MN 55391-1003 (OWNER).
RECITALS
WHEREAS, the OWNER is the owner of The Real Property located a 350 St. Albans Bay Road
Property ID Number: 25-117-23-33-0006
WHEREAS, the OWNER desires to connect to the municipal water supply; and,
WHEREAS, the present Water Access Charge is $10,000,
AGREEMENT
NOW THEREFORE, pursuant to the mutual agreements provided herein, it is agreed by and between the
CITY and the OWNER as follows:
1. The OWNER represents and warrant that they are the OWNER of the PROPERTY and that they
have full legal authority to encumber the PROPERTY and that as of the date of the execution of
this agreement, the OWNER has fee title to the Property subject only to the liens, interests or
encumbrances of record.
2. The OWNER understands and r s s v~I-evy the Water Access Charge assessed against the
PROPERTY in the amount 10,000.
3. The OWNER understands an agrees that SHOREWOOD will provide that the assessment is
payable in ten (10) annual ' r and will bear an interest rate of zero (0) percent per_
annum. Said assessments shall begin with taxes paid in 2022 and collected with the ad valorem
taxes at the times due as determined by Hennepin County.
4. The OWNER agrees that the covenants, waivers and agreements contained in this Agreement
shall bind the successors and assigns of the OWNER and shall encumber the PROPERTY in
accordance with the agreements described herein.
5. The OWNER hereby waives notice of public hearing and waives the public hearing required by
Minnesota Statutes §429.031 with respect to the assessment.
6. The OWNER waives their rights in all respects, pursuant to Minnesota Statutes §429.081, to
appeal to district court, the levy of the water assessment charge described herein.
7. The parties agree that this Agreement shall be recorded with the Hennepin County Recorder.
OWNER
By:. Date
Sq I L ✓wgea� /rl.'✓« r.S rrE+. Ec A Ha .er L C C
CITY OF SHOREWOOD
By:
By:
STATE OF MINNESOTA )
SS:
COUNTY OF HENNEPIN )
Date: Z • /$ - Zo 2 /
Date: 2A 9 '?o 2-
The foregoing ASSESSMENT AGREEMENT dated aL�`�! was sworn and
subscribed before me in person this 5 day of 20tz1 by
'
1,1NCY OTTEEN
r
Notary Public
date of Min
-�
1 �esota
Corpmission Expires
Duaryy31,
-.
2025
V
Notary Public
STATE OF MINNESOTA )
SS:
COUNTY OF HENNEPIN )
The foregoing ASSESSMENT AGREEMENT dated IGk '� , '�-c 02/ was sworn and
subscribed before mein person this day of b AtA2g , 2q.;Ay Jennifer Labadie, Mayor,
and by Greg Lerud, City Administrator of the City of Shorewood Minnesota Municipal Corporation),
who are personally known to me, on behalf of the Corporation and pursuant to the authority of the City
Council.
Notary Public
BRENDA K PRICCO
����` Notary Public
.1• �F Minnesota
''� My Commission Expires
Jan 31, 2025
DRAFTED BY:
Greg Lerud
City Administrator
City of Shorewood