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Glen Road 24710 -PAID-11-20-2022ASSESSMENT AGREEMENT THIS AGREEMENT is made thistY3 day of ' ` , 20 y 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 Joseph P. Lugowski and Anita M. Lugowski, 24710 Glen Road, Shorewood, MN 55331 (OWNERS). RECITALS WHEREAS, the OWNERS are the owner of The Real Property located at: 24710 Glen Road, Shorewood, MN 55331 PID: 33-117-23-12-0008 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. 2. The OWNERS have previously paid $5,000 of the Water Access Charge and understand and request the remaining amount of the Water Access Charge be assessed against the PROPERTY in the amount of $5,000. 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 2023 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: CITY OF •R••D STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) Date: 2-© Date: Date: Jr ,6 Z X Z Z- Date: l W ZZ/ The foregoing ASSESSMENT AGREEMENT dated Awas sworn and subscribed before me in person this day of 2y 17LAJ and 44 ohm 6 BRENDA N PRICCO Notary Public Minnesota {y: My Commission Expires Notary Public Jan 3t, 2025 STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated 9 was sworn and subscribed before me in person this day of 4A 20,;&Xy Jennifer Labadie, Mayor, and by Sandie Thone, City Clerk of the City of Shorewood Minnesota Municipal Corporation), who are personally known to me, on behalf of the Corporation and pursuant to t authority of the City Council. _BRENDA K PRICCo Notary Public Minnesota Notary Public My Commission Expires Jan 31, 2025 DRAFTED BY: Sandie Thone City Clerk City of Shorewood