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21-066 Allowing New Water Customers on Glen Road, Amlee Road, and Manitou Lane the Option to Assess the Water Access ChargeCITY OF SHOREWOOD COUNTY OF HENNEPIN STATE OF MINNESOTA RESOLUTION 21-066 A RESOLUTION ALLOWING NEW WATER CUSTOMERS ON GLEN ROAD, AMLEE ROAD, AND MANITOU LANE THE OPTION TO ASSESS THE WATER ACCESS CHARGE WHEREAS, the City of Shorewood is installing water on Glen Road, Amlee Road, and Manitou Lane; and WHEREAS, the current Water Access Charge (WAC) is $10,000, NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD, MINNESOTA AS FOLLOWS: 1. Those residents along these three streets who connect to city water by June 1, 2022 are eligible to have the WAC collected in the form of a special assessment against the property. 2. The term of the assessment shall be no longer than five years and have an annual interest rate of 5.0% 3. As a condition of allowing the WAC to be paid through a special assessment, the property owner requesting payment via assessment will be required to sign an assessment agreement, which will be recorded against the property. Adopted by the City Council of Shorewood, Minnesota this 14t" day of June, 2021. s i r Je4Wifer L badie, Mayor A est: E t MkL- Sandie Thone, City Clerk