HomeMy WebLinkAbout77-70Aft RESOLUTION 77-70
AGREEMENT PERMITTING TRUNK.
AREA SEWER ASSESSMENTS
THIS AGREEMENT, entered into this 17th day of
October , 1977, by and between the City of
Lakeville, Dakota County, Minnesota, a municipal corporation,
hereinafter called "City", and L. M. Loken, hereinafter called
"property owner",
WHEREAS, property owner is the owner of certain real
property in the City legally described as Lots 9 - 16, Block 4,
Logarto 2nd Addition, and
WHEREAS, property owner desires to have the City impose a
storm sewer assessment against said property in the amouht of $6,769.12,
and
WHEREAS, property owner is willing to waive any and all
substantive objections to such special assessments including any
claim that the assessments exceed the benefit to the property, and
to the absence of any prior hearing or other procedural requirements
preliminary to the levying of such assessments;
NOW THEREFORE, in consideration of their mutual covenants
and agreements, as set forth in this agreement, the City and the
property owner agree as follows:
1. The above recitals are stipulated to by the parties.
2. The City will specially assess a storm sewer charge
against the property described above in the amount of $846.14 per
lot for a total of $6,769.12.
3. Such special assessments shall be assessed over ten (10)
years payable with general taxes on said property commencing with
the year 1978.
4. There shall be added to and be payable with the principal
amount of such special assessments interest in the amount of 8% on the
unpaid principal balance on such special assessments, computed annually,
commencing on the date October 1, 1976.
Agreement - City of Lakeville/L.M. Loken
IN WITNESS WHEREOF, the parties have executed this
agreement as of the day and year first above written.
Witnesses:
CITY OF LAKEVILLE
BT:
Edwa-rd,Mako, Mayor,'
•��iin�
/�/
Patrick McGarvby, Cites Clerk/Adm.
Witnesses:
L. M. Loken
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