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24-055 Approving and Adopting a Special Assessment 6090 Apple RoadCITY OF SHOREWOOD RESOLUTION NO.24-055 A RESOLUTION APPROVING AND ADOPTING A SPECIAL ASSESSMENT WHEREAS, Troy Antony Neidermire ("Owner") has requested that the Shorewood City Council specially assess water access charges that affect Owners' property at 6090 Apple Road, Shorewood, Minnesota (PID 35-117-23-34-0004) and legally described in Exhibit A attached hereto ("Subject Property"); and WHEREAS, the City has received the following signed Assessment Agreement, Exhibit B attached hereto, waiving all applicable assessment procedural requirements and requesting to be assessed for the water access charge in the amount itemized therein for the Subject Property. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SHOREWOOD: I. The signed Assessment Agreement is hereby accepted and approved. 2. The present Water Access Charge is $10,000. Because the owner must extend the service line to access municipal water at a cost of $4700 and City Code 903.04, Subd. 3.d. states the property owner shall pay for the improvement or the water connection charge, whichever is greater, the OWNER requests that the balance amount of the Water Access Charge of $5300 be assessed against the SUBJECT PROPERTY pursuant to Minn. Stat. Ch. 429. 3. The water access charge amounting to $5300.00 is hereby adopted and shall constitute a special assessment against the Subject Property and hereby made part of this Resolution by reference and that the tract of land therein included is hereby found to be benefited by the charge and connection to municipal water in the amount of the assessment levied against it. 4. Such assessment shall be payable in equal annual installments without deferment extending over a period of five (5) years, the first of the installments to be payable with taxes paid in 2025 and shall bear the interest rate of 5.0% per annum. The Owners, at any time prior to certification of the assessment to the County Auditor, may pay the whole of the assessment on such property, with interest accrued to the date of payment, to the City, except that no interest shall be charged if the entire assessment is paid within thirty (30) days from the adoption of this Resolution; and such owner may at any time thereafter, pay the City the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such payment must be made before November 15 or interest will be charged through December 31 of the next succeeding year. The Owners may also at any time prior to November 15, of any year, pay the remaining unpaid principal balance with interest accrued to December 31 of the year in which such prepayment is made. 6. The City Clerk shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. Adopted by the City Council of the City of Shorewood this 8th day of July, 2024. May Jennif r Labadie ATTEST 4- bu- Sandie Thone, City Clerk Exhibit A Legal Description That part of Lot 125, Auditor's Subdivision Number One Hundred and Twenty, Hennepin County, Minnesota, described as follows: Commencing at the Southeast corner thereof; thence Northeasterly along the Southeasterly line thereof a distance of 54.48 feet to the point of beginning; thence West and parallel to the South line thereof a distance of 223.32 feet; thence North at a right angle a distance of 150 feet; thence East and parallel to the South line thereof to the Southeasterly line thereof; thence Southwesterly along the Southeasterly line thereof to the point of beginning, Hennepin County, Minnesota. Exhibit B [Assessment Agreement] ASSESSMENT AGREEMENT THIS AGREEMENT is made this 8th day of July 2024, 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 Troy Antony Neidermire (OWNER). RECITALS WHEREAS, the OWNER is the owner of the real property located at: 690 Apple Road, Shorewood, MN, 55331; PID: 35-117-23-34-0004, legally described as follows: ("SUBJECT PROPERTY") That part of Lot 125, Auditor's Subdivision Number One Hundred and Twenty, Hennepin County, Minnesota, described as follows: Commencing at the Southeast corner thereof; thence Northeasterly along the Southeasterly line thereof a distance of 54.48 feet to the point of beginning; thence West and parallel to the South line thereof a distance of 223.32 feet; thence North at a right angle a distance of 150 feet; thence East and parallel to the South line thereof to the Southeasterly line thereof; thence Southwesterly along the Southeasterly line thereof to the point of beginning, Hennepin County, Minnesota. WHEREAS, the OWNER desires to connect to the municipal water supply; and, WHEREAS, the present Water Access Charge is $10,000; and WHEREAS, the owner must extend the service line to access municipal water at a cost of $4700; and WHEREAS, City Code 903.04, Subd. 3.d. states the property owner shall pay for the improvement or the water connection charge, whichever is greater; and WHEREAS, the OWNER requests that the balance amount of the Water Access Charge of $5300 be assessed against the SUBJECT PROPERTY pursuant to Minn. Stat. Ch. 429. 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 SUBJECT PROPERTY and that he has full legal authority to encumber the SUBJECT PROPERTY and that as of the date of the execution of this agreement, the OWNER has fee title to the SUBJECT PROPERTY subject only to the liens, interests or encumbrances of record. 2. The OWNER understands and requests that the City levy the Water Access Charge assessed against the PROPERTY in the amount of $5300.00 ("Assessment"). 3. The OWNER understands and agrees that SHOREWOOD will provide that the Assessment is payable in five (5) annual installments without deferment and will bear an interest rate of five (5.0) percent per annum. The Assessment shall be deemed adopted on the date this Agreement has been signed by all parties. The installments shall begin with taxes paid in 2025 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 its successors and assigns, waives any and all procedural and substantive objections to the Assessment including but not limited to public hearing requirements and any claim that the assessment exceeds the benefit to the Subject Property. Property Owner waives any appeal rights otherwise available pursuant to Minn. Stat. § 429.081. 6. The OWNER, its successors and assigns, hereby unconditionally releases and forever discharges the City, its elected officials, employees, agents and insurers from any and all claims and causes of action of whatever kind or nature that is in any way connected with the Assessment. This Agreement shall be binding upon Property Owner and its successors and assigns. This Agreement shall run with the land and may be recorded against the title to the Subject Property. [Remainder of page is intentionally left blank. Signature pages follow.] OWNER!` B (CCC By: CIT By: By: Date: Date: Y OF SHOREWOOD Date: naw Date: Its STATE OF MINNESOTA ) SS: COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMENT dated was sworn and subscribed before me in person this day of LAA& 204 by end a �— Notary Public Ow NIELIA P CRISWF. INotary PubUoSTATE OF MINNESOTA } MinnesotaSS: E>t Jan 81, 2029 COUNTY OF HENNEPIN ) The foregoing ASSESSMENT AGREEMEN dated 9 d was sworn and subscribed before me in person this day of 20ty Jennifer Labadie, Mayor, and by Sandie Thone, City Clerk of the City of Shorewood (a innesota Muipal Corporation), who are personally known to me, on behalf of the Corporation and pursua to he authority of the City Council. Notary Public ttBRENDA K PRICCO A"! +""w� k Notary Public Minnesota My commission Expires �� Jan 31, 2025