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Amlee Road 24925ASSESSMENT AGREEMENT Sf" THIS AGREEMENT is made this % day of 15&ft"&A4, 204 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 David J. Hansen and Shelly J Curran, 24925 Amlee Road, Shorewood, MN 55331 (OWNERS). RECITALS WHEREAS, the OWNERS are the owner of The Real Property located at: 2-1925 Amlee Road, Shorewood, MN 55331 PID: 33-117-23-21-0006 WHEREAS, the 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 OWNERS as follows: The OWNERS represent and warrant that they are the 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 OWNERS have fee title to the Property subject only to the liens, interests or encumbrances of record. The OWNERS understand and request to levy the Water Access Charge assessed against the PROPERTY in the amount of $10,000. 3. The OWNERS understand and agree that SHOREWOOD will provide that the assessment is payable in five (5) annual installments J-h-d Wil'i bear an interest rate offive C5.0j percent p `' annum. Said -assessments shall be in with taxes paid it 2022 and collected with the qd valorem taxes at the times due as determined by Hennepin County. 4. The OWNERS agree that the covenants, waivers and agreements contained in this Agreement shall bind the successors and assigns of the OWNERS and shall encumber the PROPERTY in accordance with the agreements described herein. 5. The 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 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. 0\h By: By: CITY OF SHOREWOOD By: s �•� By: Its Date: q / ( 17-6-z-( Date: Date: Date: `I ra rZv 1"/ STATE OF MINNESOTA BRENDANPRICCo Notary Public SS: a _ 1 Minnesota COUNTY OFHENNEPIN)�\;�� My Commission Expires * Jan 31, 2025 The foregoing ASSESSMENT AGREEMENT dated has sworn and subscribed `fore mein person this -j— day of 2c by_ and n Notary Public STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated ! "/as sworn and subscribed before me in person this Z day of 20�y Jennifer Labadie, Mayor, and by Greg Lerud, City Administrator of the City of Crewood (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 r Atiiie ar�7 BRENDA N PRICCO .,_ Notary Public Minnesota '7�A! iyr My Commission Expires •,,_ Jan 31, 2025 DRAFTED BY: Greg Lerud City Administrator City of Shorewood