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Smithtown Lane 26115ASSESSMENT AGREEMENT THIS AGREEMENT is made this M day of a-An4e ✓ , 20ZZby 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 Robert Kohns, 26115 Smithtown Lane, Shorewood, MN 55331 (OWNER). RECITALS WHEREAS, the OWNER is the owner of The Real Property located at: 26115 Smithtown Lane, Shorewood, MN 55331 PID: 32-117-23-42-0003 WHEREAS, the OWNER desires 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 OWNER as follows: 1. The OWNER represents and warrants that he is the OWNER of the PROPERTY and that he has full legal authority to encumber the PROPERTY and that as of the date of the execution of this agreement, the OWNER has fee title to the Property subject only to the liens, interests or encumbrances of record. 2. The OWNER understands and requests to levy the Water Access Charge assessed against the PROPERTY in the amount of $10,000. 3. The OWNER understands and agrees 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 OWNER agrees that the covenants, waivers and agreements contained in this Agreement shall bind the successors and assigns of the OWNER and shall encumber the PROPERTY in accordance with the agreements described herein. 5. The OWNER hereby waives notice of public hearing and waives the public hearing required by Minnesota Statutes §429.031 with respect to the assessment. 6. The OWNER waives his 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. OWN l By: - _ Date: /.V v 1 6 Date: CITY OF SHOR OOD WJ9 By: .� Date: Its By: Its STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) Date: a, 9ZZ The foregoing ASSESSMENT AGREEMENT dated was sworn and scribed befor mein person this day of 20"y _ and Tliu'�{ BRENDA K PRICCO Notary Public Minnesota Notary Public l My Commission Expires r,�• Jan 31, 2025 STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated //©I/ JL Ar, A' was sworn and subscribed before me in person this -1 day of 2Qjky Jennifer Labadie; Mayor, and by Sandie Thone, City Clerk of the City of Shorewood (a Minnesota Municipal Corporation), who are personally known to me, on behalf of the Corporation and pursuano'o"th authority of the City Council. Notary Publi Joe Rigdon Finance Director City of Shorewood BRENDA K PRICCo �a �'.�"'"'�•:� Notary