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Glen Road 25155ASSESSMENT AGREEMENT THIS AGREEMENT is made this I day of , 2QVby and between the City of Shorewood (SHOREWOOD), a municipal corporktion organized under the laws of the State of Minnesota, located at 5755 Country Club Road, Shorewood, MN 55331 and David 0. Trettel and Nicole T. Trettel, 25155 Glen Road, Shorewood, MN 55331 (OWNERS). RECITALS WHEREAS, the OWNERS are the owner of The Real Property located at- 25155 Glen Road, Shorewoo, MN 55316 PID: 33-117-23-21-0055 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: 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. The OWNERS understand and request to levy the Water Access Charge assessed against the PROPERTY in the amount of $101000. 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 2021 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 ,, By: GAAAA —��4—z Date: By_ ' --- Date: CITY OF SHOREWOOD By: �Z4 Date: is By: Its STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) Date: The foregoing ASSESSMENT AGREEMENT dated was sworn and subscribed before me in person this day of 2Q-11 by�P. and Notary Publ'c "�. BRENDA K PRICCO 4, N Notary Public �;. Minnesota \, R, My Commission Expires „�MM,,,„•.'" Jan 31, 2025 STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated was sworn and subscribed before me in person this day of , 20_ 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 DRAFTED BY: Greg Lerud City Administrator City of Shorewood