My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
91-055
NewBrighton
>
Council
>
Resolutions
>
Resolutions 1991
>
91-055
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/4/2005 3:54:43 PM
Creation date
8/4/2005 3:18:38 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
5
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />5. The Owner waives the right to appeal the levy of special assessments in accordance <br />with this Agreement pursuant to Minn. Stat. Section 429.081, or reapportionment <br />thereof upon land division pursuant to Minn. Stat. Section 429.071, Subd. 3, or <br />otherwise, and further specifically agrees with respect to such special assessments <br />against the Subject Property or reapportionment that: <br /> <br />a. Any requirements of Minn. Stat., Chapter 429 with which the City does not <br />comply are hereby waived by the Owner; <br /> <br />b. The increase in fair market value to the Subject Property resulting from <br />construction of the Improvement Project will be in an amount at least equal <br />to $1,500,000, and that such increase in fair market value is a special <br />benefit to the Subject Property; <br /> <br />c. Assessment of 100 percent of the cost of the Impnvement Project against <br />the Subject Property is reasonable, fair and equitable and there are no other <br />properties against which such cost should be assessed; and <br /> <br />d. The Owner further specifically waives notice and right to appeal <br />reapportionment of such special assessments upon land division pursuant to <br />Minn. Stat. Section 429.071, Subd. 3. <br /> <br />6. The Owner understands and agrees that the City may provide for the payment of <br />such special assessments in installments bearing such interest as may be <br />determined by the city council and said special assessments may be levied in one or <br />more assessments as phases of the Improvement Project are constructed. <br />However, the decision regarding the period of time over which the special <br />assessments may be paid and the interest rate to be applied is in the absolute and <br />sole discretion of the city council, subject only to limitations imposed by law. <br /> <br />7. The covenants, waivers and agreements contained in this Agreement shall bind the <br />successors and assigns of the Owner and shall run with the SUbject Property and <br />bind all successors in interest thereof. It is the intent of the parties hereto that <br />this Agreement be in a form which is recordable among the land records of Ramsey <br />County, Minnesota and they agree to make any changes in this Agreement which <br />may be necessary to effect the recording and filing of this Agreement against the <br />title of the Subject Property. <br /> <br />8. This Agreement shall terminate upon the final payment of all special assessments <br />levied against the Subject Property regarding the Improvement Project, and the <br />City shall execute and deliver such documents, in recordable form, as are <br />necessary to extinguish its rights hereunder. <br /> <br />3 <br />
The URL can be used to link to this page
Your browser does not support the video tag.