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
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A PETITION TO GET A STOP SIGN ON THE CORNER OF:
CRYSTAL PATH CARDINAL CT /ST
NAME
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SIGNATURE
DATE
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5/1 4/0
772
A PETITION TO GET A STOP SIGN ON THE CORNER OF:
CRYSTAL PATH CARDINAL CT/ST
NAME
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