RES 20-72CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2020-72
ADOPTING ASSESSMENT OF SIDEWALK
AND DRIVEWAY APRON IMPROVEMENTS
WHEREAS, Elk Inn Partners LP, a Texas limited partnership, is the Owner of the property legally described
as Lot 1, Block 1, Otsego Waterfront 4th Addition, according to the Plat on file and of record with the Office
of the County Recorder, Wright County, Minnesota [PID 118-186-001010]; and
WHEREAS, Owner, has petitioned the City for assessments for repair and replacement of certain sections
of sidewalk located within City right of way and easement upon the described property; and
WHEREAS, the City of Otsego and Owner have agreed to proceed with such repair and replacement and
to the special assessments against the property; and
WHEREAS, Owner has previously waived any and all hearings, irregularities in procedure and any and all
rights of appeal under Minnesota Statute or any other right of appeal.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA:
Such proposed assessment, attached hereto as Exhibit A and made a part hereof, are hereby
accepted and shall constitute the special assesment against the property named therein and that
the tract of land therein included is hereby found to be benefited by the improvements in the
amount of the assessment levied against it.
Such assessment for Sidewalk and Driveway Apron Improvements against [PID 118-186-001010],
Lot 1, Block 1, Otsego Waterfront 4th Addition in the principal amount of $6,710.50 shall be
payable in equal annual installments extending over a period of two (2) years, the first of the
installments to be payable on or before the first Monday in January 2021, and shall bear interest
at the rate of 3.30% percent per annum from the date of adoption of this resolution. To the first
installment shall be added interest on the entire assessment from the date of this resolution until
December 31, 2021.
3. 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 City of Otsego, 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 City of Otsego 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.
4. The Finance Director shall forthwith transmit a certified copy of this assessment to the Wright
County Auditor to be extended on the property tax lists of the County. Such assessments shall be
paid over in the same manner as other City property taxes.
ADOPTED by the Otsego City Council this 26th day of October, 2020.
MOTION BY: Warehime
SECONDED BY: Goede
INFAVOR: Goede, Stockamp, Warehime and Tanner
OPPOSED: None
CITY OF OTSEGO
Jessica L. Stockamp, Mayor
ATTEST:
Beth an enting, Dep y -ty Clerk
EXHIBIT A
City of Otsego
Special Assessments - Estimated Amortization Schedule
Assessment - Sidewalk and Driveway Aprons
Denny's
118-173-002010
Interst Payment Principal
Year Assessed Accrual Principal Interest Total Balance
2020 816.75 4.87 - - - 816.75
2021 - - 408.38 31.82 440.20 408.37
2022 - - 408.37 13.48 421.85 -
Totals 816.75 45.30 862.05
Totals 6,710.50 372.21 7,082.71
City of Otsego
Special Assessments - Estimated Amortization Schedule
e Assessment - Sidewalk and Driveway Aprons
' Holiday Inn
118-186-001010
Interst
Payment
Principal
Year Assessed Accrual Principal
Interest Total
Balance
2020 6,710.50 40.04 -
- -
6,710.50
2021 - - 3,355.25
261.49 3,616.74
3,355.25
2022 - - 3,355.25
110.72 3,465.97
-
Totals 6,710.50 372.21 7,082.71