Glen Road 24995ASSESSMENT AGREEMENT
THIS AGREEMENT is made this day of , 20Wby and between the City of
Shorewood (SHOREWOOD), a municipal corpor n organized under the laws of the State of
Minnesota, located at 5755 Country Club Road, Shorewood, MN 55331 and Michael W. Teasdale and
Michelle L. Digruttolo, 24995 Glen Road, Shorewood, MN 55331 (OWNERS).
RECITALS
WHEREAS, the OWNERS are the owner of The Real Property located at: 24995 Glen Road, Shorewood,
MN 55331 PID: 33-117-23-21-0052
WHEREAS, the OWNERS desire to connect to the municipal water supply; and,
WHEREAS, the present Water Access Charge is 510,000,
AGREEMENT
NOW THEREFORE, pursuant to the mutual agreements provided herein, it is agreed by and between the
CITY and the OWNERS as follows:
1. 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.
2. 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 and will bear an interest rate of five (5.0) percent per
annum. Said assessments shall begin with taxes paid in 2022 and collected with the ad 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.
OWNER fo n
By:
By:
CITY OF SHOREWOOD
By:
By:
STATE OF MINNESOTA j
j SS:
COUNTY OF HENNEPIN j
Date: 2; - 3 I " 2 1
Date: g ^ � t z 1
Date: '?, g- ZaZ i
Date:rb Zy2
The foregoing ASSESSMENT AGREEMENT dated 3/ was Aworn an /
subscribed before me in person this A day of 2 by 1 /"'rao'o
and `
i? r,
".'y�,
BRENDA K PRICCO
t•'
Notary Public
�...,r'►3 %
Minnesota Notary Public
.`
�y,
My Commission Expires
Jan 31, 2025
STATE OF MINNESOTA )
SS:
COUNTY OF HENNEPIN )
The foregoing ASSESSMENT AGREEMENT dated AV 4W.4 c9 &Al was sworn and
subscribed before me in person this —kday of , 20,Vy Jennifer Labadie, Mayor,
and by Greg Lerud, City Administrator of the City of 54orewood (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
'
3 . �� �l►,�
BRENDA K PRICCO
Notary Public
Minnesota
,%�1
`
My Commission Expires
DRAFTED BY:
'x'
Jan 31, 2025
Greg Lerud
City Administrator
City of Shorewood