Minnetonka Drive 5880ASSESSMENT AGREEMENT
THIS AGREEMENT is made this __ day of Z , 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 Laurie W. Jeter and Mark L.
Jeter, or their successors, as Trustees of the Laurie W. Jeter Living Trust dated March 16, 2005, and any
amendments thereto, 5880 Minnetonka Drive, Shorewood, MN 55331 (TRUSTEES/OWNERS).
RECITALS
WHEREAS, the TRUSTEES/OWNERS are the owner of The Real Property located at:
5880 Minnetonka Drive, Shorewood, MN 55331; PID 34-117-23-32-0016 (PROPERTY); and,
WHEREAS, the TRUSTEES/OWNERS desire 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 TRUSTEES/OWNERS as follows:
1. The TRUSTEES/OWNERS represent and warrant that they are the TRUSTEES/OWNERS 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 TRUSTEES/OWNERS have fee title to the Property
subject only to the liens, interests or encumbrances of record.
2. The TRUSTEES/OWNERS understand and request to levy the Water Access Charge assessed
against the PROPERTY in the amount of $10,000.
3. The TRUSTEES/OWNERS understand and agree that SHOREWOOD will provide that the
assessment is payable in ten (10) annual installments and will bear an interest rate of zero (0.0)
percent per annum. Said assessments shall begin with taxes paid in 2021 and collected with the
ad valorem taxes at the times due as determined by Hennepin County.
4. The TRUSTEES/OWNERS agree that the covenants, waivers and agreements contained in this
Agreement shall bind the successors and assigns of the TRUSTEES/OWNERS and shall encumber
the PROPERTY in accordance with the agreements described herein.
5. The TRUSTEES/OWNERS hereby waive notice of public hearing and waive the public hearing
required by Minnesota Statutes §429.031 with respect to the assessment.
6. The TRUSTEES/OWNERS waive 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.
TRUSTEES/OWNERS
CITY OF SHOREWOOD
By:
By.
STATE OF MINNESOTA )
SS:
COUNTY OF HENNEPIN )
Date:—
Date: —
Date: 6 " V-,.
� ()Z
Date: U-
The foregoing ASSESSMENT AGREEMENT dated was sworn and
sub ribed before n a in person this day of r7go 20 fMy
Notary Public
BRENDA K PRICCO
Notary Public
't•; Minnesota
My Commission Expires
Jan 31, 2025
STATE OF MINNESOTA )
SS:
COUNTYOF HENNEPIN )
The foregoing ASSESSMENT AGREEMENT dated --l. 0e_ Vi — �ZD was sworn and
subscribed before me in person this day of- jjA j t 2(4by Scott Zerby, Mayor, and
by Greg Lerud, City Administrator of the City of Shorewood (a Minnesota Municipal Corporation), who
are personally known to me, on behalf of the Corporation and pursuant to the authority of the City
Council.
�7
Notary Public
1•, 1, ,,. ;,yr.
BRENDA K PRICCO
Notary Public
Minnesota
My Commission
Expires
DRAFTED BY:
^a•.•'
Jan 31, zoz5
Greg Lerud
City Administrator
City of Shorewood