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Woodside Road 28110ASSESSMENT AGREEMENT a THIS AGREEMENT is made this 3r day of ►" OA , 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 Michael E. Giebenhain, 28110 Woodside Road, Shorewood, MN 55331 (OWNER). RECITALS WHEREAS, the OWNER is the owner of The Real Property located : 28110 Woodside Road Property ID Number: 31-117-23-24-0004 - - 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 re is to levy the Water Access Charge assessed against the PROPERTY in the amoun $10,000. 3. The OWNER understands and agrees that SHOREWOOD will provide that the assessment is payable in five (5) annual installments and will bear an interest rate of five (5.0) 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 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: CITY OF SHOREWOOD By: By: STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) Date: �z I Date: 3 ^ y' Z ©Z- I Date: 3. V -z0 2—/ The foregoing ASSESSMENT AGREEMENT dated subscribed before me in person this�day of 202Lby NELIA P CRISWELL ) Q L SL.2 Cd NOTARY PUBLIC Notary Public MINNESOTA lieMy Commission E*m Jan. 31, 2024 was sworn and STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated B. pezq-/ was sworn and subscribed before me in person this 4— day of 20,1/by Jennifer Labadie, 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. Notary Public •'�i •ii ar BRENDAK PRICCO Notary Public Minnesota My Commission Expires ^�.•, !jai...:... Jan 31, 2025 DRAFTED BY: Greg Lerud City Administrator City of Shorewood