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HomeMy WebLinkAbout3. Stop Sign Request Crystal Path & Cardinal Court/StreetNOW, THEREFORE, IT IS HEREBY AGREED BY AND BETWEEN THE PARTIES HERETO AS FOLLOWS 1 The Owner hereby petitions the City for construction of the Improvement Project 2 The Owner represents and warrants that it is the owner of 100 percent of the Subject Property, that it has full legal power and authority to encumber the Subject Property as herein provided, and that as of the date hereof, it has fee simple absolute title in the Subject Property, which is not subject to any hens, interests or encumbrances, except as listed on the attached Exhibit B 3 The Owner requests that 100 percent of the assessment for the Improvement Project be assessed against the Subject Property The Owner understands and agrees that the amount to be assessed for the Improc ement Project is $2,000,000 4 The Owner waives notice of hearing and heanng pursuant to Minn Stat Section 429 031, on the Improvement Project and notice of hearing and heanng on the special assessments levied to finance the Improvement Project pursuant to Minn Stat Section 429 061, and specifically requests that the Improvement Project be constructed and special assessments levied therefor against the Subject Property without hearings 5 The Owner waives the right to appeal the levy of the special assessments in accordance with this Agreement pursuant to Mmn Stat Section 429 081, or reapportionment thereof upon land division pursuant to Mm Stat Section 429 071, Subd 3, or otherwise, and further specifically agrees with respect to such special assessments against the Subject Property or reapportionment that a Any requirements of Mmn Stat Chapter 429 with which the City does not comply are hereby waived by the Owner, b The increase m fair market value of the Subject Property resulting from construction of the Improvement Project will be at least equal to $2 000,000, and that such increase in fair market value is a special benefit to the Subject Property, c Assessment of 100 percent of the special assessment for the Improvement Project against the Subject Property is reasonable, fair and equitable and there are no other properties against which such cost should be assessed, and d The Owner further specifically waives notice and nght to appeal reapportionment of such special assessments upon land division pursuant to Minn Stat Section 429 071, Subd 3 6 The Owner understands and agrees that the City may provide for the payment of such special assessments in installments bearing such interest as may be determined by the city council However, the decision regarding the period of time over which the special assessments may be paid and the interest rate to be applied is in the absolute and sole discretion of the city council, subject only to limitations imposed by law CLL- 211939u 2 RS220 -I12 MapQuest. Maps print Page 1 of 1 1/11 6 ro4 3895 Cardinal Ct Rosemount, MN 55068 -6618, US MAP*JES ID 2002 Globe/ orer, Eastman Kodak Com All 'its reserved Use Subject to titer Copyright Privacy Policy Legal Notices 2002 MapQuest com, Inc All rights reserved httpi /www.mapquest. com /mapsfprint adp ?mapdata= afbX8DbyAodly614p4QC Back NAY r e CH .1A f' VS Hof -l iCr� 6WWJtVbd'.. 5/16/2002 A PETITION TO GET A STOP SIGN ON THE CORNER OF: CRYSTAL PATH CARDINAL CT /ST NAME C -t6 064 go 0 nUllha &tina( 3513 frit vJ i 4,7 6.4, /L-1 V dtv5rd e( ADDRESS 3S9c ce0.14.4c. c7- 3 9/? c' t✓zo,.oyL 67 3927 00,rap4 391 C 3o, VV d 13acs Cod—di/eta 39,2d- o1cGis4su Lr y670 CAnp,✓At '4/2A, 31L13 earc3iwa1 CI- .120 31'63 Celdmej Si iCee V CAS)* /itch, s-1. w SIGNATURE DATE Slit /o 2k) qqI a 5 cn� -N-03. 5/1 4/0 772 A PETITION TO GET A STOP SIGN ON THE CORNER OF: CRYSTAL PATH CARDINAL CT/ST NAME DA SitAAk A ek \NI n D6bh Nitak0 bo\n, Jew4eir \-\eAmor ADDRESS 3CL i7y ■Jeklaihris 3 card, 4 ti allyt4H 35 eutri(,tl ,56 4.) SI cier_ohoirt stet) lJtY Aixttsey 31 CI orn-o- oi /-(3 1, f6Det, yhm, 157)-19, cinvimmoqu y 3( 15 15 `t .0 4 /517) 44. rae. srt oc51 5 0 Pt loon 0/151D s 0 7r o);/ kgoil criz e r Iscic Ciro y4 150 cit chi p Tok■ e 391.2, Co.J/4,_,c_i_ NettaiA .5__,G _0 z_ er sh