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Lawtonka Drive 23825ASSESSMENT AGREEMENT THIS AGREEMENT is made this Lg_ day of , 2Wby and between the City of Shorewood (SHOREWOOD), a municipal corporatio organized under the laws of the State of Minnesota, located at 5755 Country Club Road, Shorewood, MN 55331 and Leon J. Sprenger, 600 Twelve Oaks Center Drive, Suite 656, Wayzata, MN 55391 (OWNER). RECITALS WHEREAS, the OWNER owns Real Property located at: 23825 Lawtonka Drive, Shorewood, MN 55331; PID 34-117-23-22-0060, legally described as (PROPERTY); Lot 6, Block 1, Lawtonka, City of Shorewood, Hennepin County, Minnesota lying northwesterly of the following described line; Commencing at the northwest corner of the said Lot 6; thence south 00 degrees, 35 minutes, 00 seconds east, along the west line of said Lot 6, a distance of 179.00 feet to the southwest corner of said Lot 6 and the point of beginning of the lines to be described; thence north 38 degrees, 31 minutes, 04 seconds east, a distance of 113.49 feet; thence north 51 degrees, 16 minutes, 27 seconds east, a distance of 112.86 feet to the northeasterly line of said Lot 6 and there terminating. Together with an easement for drainage and utility purpos d across the southeasterly 5.00 feet of the above described property. WHEREAS, the OWNER desires to connect t he municipal water supply; and, WHEREAS, the present Water Access Charte is $10,000, �RffE'I+fy[E 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 requests to levy the Water Access Charge assessed against the PROPERTY in the amount of $10,000. 3. The OWNER understands 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 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 waive 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. OWNE Date: By: Date: CITY OF SHOREWOOD By: By: Date: c �� s ` Date: 7 (� 260 Its +�15 STATE OF MINNESOTA ) SS COUNTY OF HENNEPIN ) ' BRENDA K PRICCO r,>.# Notary Public Minnesota �� My Commission Expires [(A ruM„}..• Jan 11, 2 225 The foregoing ASSESSMENT AGREEMENT dated was sworn and subscribed before me in person this day of 20,903y Notary Public STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated subscribed before me in person this day of Notary Public STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) , 20_ by was sworn and The foregoing ASSESSMENT AGREEMENT dated was sworn and subscribed before me in person this day of 2Q:: by Scott Zerby, 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 do BRENDA K PRICCO Notary Public Minnesota DRAFTED BY: �•.+.:�..,af'.! MY Commission Expires Greg Lerud Jan 31, 2025 City Administrator City of Shorewood