RES 17-89CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2017-89
RESOLUTION ADOPTING MODIFICATIONS TO PREVIOUSLY
ADOPTED SPECIAL ASSESSMENTS FOR
QUADAY AVENUE IMPROVEMENTS WITHIN
GREAT RIVER CENTRE OF OTSEGO FOURTH ADDITION
WHEREAS, the P&F Properties, Inc. is the Owner of the property legally identified as Lot 1, Block 1, Great
River Centre of Otsego Fourth Addition; and
WHEREAS, the City of Otsego is the Owner of the property identified as Outlot A, Great River Centre of
Otsego Fourth Addition; and
WHEREAS, the Otsego City Council previously adopted Resolution 2016-23 on February 22, 2016
outlining the assessment of costs in relation to improvements for Quaday Avenue; and
WHEREAS, the Otsego City Council previously adopted Resolution 2016-47 on May 9, 2016 revising the
installment terms of the assessments adopted within Resolution 2016-23; and
WHEREAS, the Otsego City Council proposed to reduce the amounts of the assessments adopted within the
respective resolutions identified above; and
WHEREAS, as Owner of Outlot A, Great River Centre of Otsego Fourth Addition, the City of Otsego
hereby petitions for and consents to the assessments set forth herein and waives any and all hearings,
irregularities in procedure, and any all rights of appeal under Minnesota Statute 429.081, or any other statute
or case law; and
WHEREAS, P&F Properties as Owner of Lot 1, Block 1, Great River Centre of Otsego Fourth Addition as
previously waived any and all hearings, irregularities in procedure and any and all rights of appeal under
Minnesota Statute 429.081, or any other statute or case law pursuant to Paragraph 19 of that document
entitled Development Agreement Great River Centre of Otsego Fourth Addition- Lot 1, Block 1 dated May
16, 2016 and recorded at the Wright County Recorder's Office on May 17, 2016 as Document No.
A1314724.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO,
MINNESOTA:
1. That the amounts of the assessment for Lot 1, Block 1, Great River Centre Fourth Addition adopted
in Resolution 2016-23 and the installment terms of the assessments adopted in Resolution 2016-47
be superseded by the new amount and installment terms identified in No. 2 of this resolution.
2. That such assessment for Quaday Avenue Improvements against Lot 1, Block 1, Great River Centre
of Otsego Fourth Addition in the principal amount of $151,056.31 shall be payable in equal annual
principal installments extending over a period of nine (9) years, the first of the installments to be
payable on or before the first Monday in January 2018, and shall bear interest at the rate of 3.25%
percent per annum. Said interest will commence on January 1, 2018. To each subsequent installment
when due shall be added interest for one year on all unpaid assessments.
That the amounts of the assessment for Outlot A, Great River Centre of Otsego Fourth Addition
adopted in Resolution 2016-23 be superseded by the new amount identified in No. 4 of this
resolution.
4. That such assessment for Quaday Avenue Improvements against Outlot A, Great River Centre of
Otsego Fourth Addition in the principal amount of $142,487.48 shall be deferred until development,
with no interest accruing.
5. That copies of said assessments are attached hereto as Exhibit A and made a part hereof, and are
hereby accepted and shall constitute the special assessment against the lands named therein, and each
tract of land therein included in hereby found to be benefitted by the improvements in the amount of
the assessment levied against it.
6. The owner of any property so assessed may, at any time prior to certifications of the assessment
to the county auditor, pay the whole of the assessment on such property, with interest accrued to
the date of payment, to the Otsego City Clerk, except that no interest shall be charged if the entire
assessment is paid within 30 days from the adoption of this resolution; and the owner may, at any
time thereafter, pay to the Otsego City Clerk 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.
7. The Otsego 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. Such assessments shall be
collected and paid over in the same manner as other municipal taxes.
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ADOPTED by the Otsego City Council this 13th day of November, 2017.
MOTION made by Council Member Heidner
ATTEST:
CITY OF OTSEGO
Jessica Stockamp, My
Tami LoW, City Clerk
and SECONDED by Council Member
INFAVOR: Stockamp, Heidner, Warehime, Darkenwald, Tanner
OPPOSED: None
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