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RES 20-75PETITION FOR REASSESSMENT BY LAND OWNER UNDER MINN. STAT. §§ 429.071 SUBD. 2,429.031, SUBD.1(F). To the City Council of Otsego, Minnesota: We, the owners of real property located at the Southwest Quarter of the Northeast Quarter of Section 22, Township 121, Rage 23, Wright County, Minnesota ("Subject Property") hereby petition that the existing special assessment be reassessed pursuant to Minn. Stat. § 429.071 subd. 2, and that the city assess the entire cost of the reassessment against the Subject Property described above and hereby agree to pay the entire cost as re -assessed by the city. Further, we waive all notice and hearing requirements in the interest of expediting this reassessment. Date: (% /q Sao OWNER Kevin f efebvre Benita Lefebvre Examined, checked, and found to be in proper form and to be signed by the required number of owners of property affected by the making of the reassessment petitioned for. Deputy City° erk 2120710 CITY OF OTSEGO WRIGHT COUNTY, MINNESOTA RESOLUTION 2020-75 REASSESSING SPECIAL ASSESSMENT WHEREAS, Kevin Lefebvre and Benita Lefebvre, husband and wife, ("Owners") have petitioned the city to reassess the special assessment on their property legally described as Northeast Quarter of Section 22, Township 121, Rage 23, Wright County, Minnesota ("Subject Property"); WHEREAS, the existing assessment was adopted on November 13, 2007 by the Otsego City Council, Res. 2007-75 as a result of the Development Agreement Great River Centre of Otsego signed May 16, 2006 and recorded as Document Number Al 014006 with the Office of the County Recorder, Wright County, Minnesota on June 15, 2006 and the existing assessment has a current balance of Seven Hundred Sixty Two Thousand Seven Hundred Forty Two and 78/100 Dollars ($762,742.78) which includes all interest accrued since the date of adoption; WHEREAS, the petition is sufficient under Minn. Stat. §429.031 subd. 1(f) to begin Chapter 429 proceedings as the Subject Property is the only remaining assessment parcel besides other property owned by Owners that is subject to Res. 2007-75 and the Development Agreement Great River Centre of Otsego; WHEREAS, the City has received the following signed Reassessment Agreement (Exhibit A) waiving all applicable assessment procedural requirements including public notice and public hearing requirements and requesting to be reassessed in the amount itemized therein for the Subject Property; and WHEREAS, the council has met and heard and passed upon all objections to the proposed reassessment of the assessments previously levied on the Subject Property. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF OTSEGO, MINNESOTA: 1. The signed Reassessment Agreement is hereby accepted and approved. 2. Reassessment shall be in the amount of Five Hundred Twenty Four Thousand Eight Hundred Thirty Five and 8/100 Dollars ($524,835.08). 3. The Reassessment shall be deferred until rezoning of the property in the same manner as the original assessment was deferred, and shall bear the interest rate of 4.375% per annum which is the same interest rate as the original assessment. Interest shall begin accruing from the date of adoption of this Resolution. 4. The Owners, at any time prior to certification of the assessment to the County Auditor, may pay the whole of the assessment on the Subject Property, with interest accrued to the date of payment, to the City, except that no interest shall be charged if the entire assessment is paid within thirty (3 0) days from the adoption of this Resolution; and such owner may at any time thereafter, pay the City 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. The Owners may also at any time prior to November 15, of any year, pay the 212071A remaining unpaid principal balance with interest accrued to December 31 of the year in which such prepayment is made. 5. The Deputy City Cleric shall forthwith transmit a certified duplicate of this assessment to the County Auditor to be extended on the property tax lists of the County. PASSED AND DULY ADOPTED by the Otsego City Council this 26th day of October, 2020. Jessica L. Stockamp, Mayor ATTEST: Bethany Benting, Deputy Pity Clerk 212071v3 REASSESSMENT AGREEMENT AGREEMENT made this 26th day of October, 2020, by and between the CITY OF OTSEGO, a Minnesota municipal corporation ("City") and KEVIN LEFEBVRE AND BENITA LEFEBVRE, husband and wife ("Owners"). RECITALS A. The Owners are the owner of property legally described as Northeast Quarter of Section 22, Township 121, Rage 23, Wright County, Minnesota ("Subject Property"). B. The existing assessment was adopted on November 13, 2007 by the Otsego City Council, Res. 2007-75 as a result of the Development Agreement Great River Centre of Otsego signed May 16, 2006 and recorded as Document Number Al014006 with the Office of the County Recorder, Wright County, Minnesota on June 15, 2006 and has a current balance of Seven Hundred Sixty Two Thousand Seven Hundred Forty Two and 78/100 Dollars ($762,742.78) which includes all interest accrued since the assessment was adopted. C. The Subject Property is the only remaining assessment parcel besides other property owned by Owners that is subject to Res. 2007-75 and the Development Agreement Great River Centre of Otsego; D. The Owners have submitted a petition for a reassessment, waiving all notice and hearing requirements in the interest of expediting this reassessment; E. The City Council found the petition to be sufficient and began Minnesota Statute Chapter 429 proceedings to complete the reassessment. NOW, THEREFORE, IN CONSIDERATION OF THEIR MUTUAL COVENANTS THE PARTIES AGREE AS FOLLOWS: 1. SPECIAL ASSESSMENT. The City will reassess the existing special assessment against the Subject Property in this new assessment shall be in the amount of Five Hundred Twenty Four Thousand Eight Hundred Thirty Five and 8/100 Dollars ($524,835.08). This Reassessment shall be deferred until rezoning of the property in the same manner as the original assessment was deferred, and shall bear the interest rate of 4.375% per annum which is the same interest rate as the original assessment. 2. WAIVER. Owner, their successors and assigns, waive any and all procedural and substantive objections to the special assessment, including but not limited to hearing requirements, public notice requirements, alleged procedural irregularities, and any claim that the assessment exceeds the benefit to the Subject Property. Owner waives any appeal rights otherwise available pursuant to Minn. Stat. § 429.081. 3. RELEASE. Owner, their successors and assigns, hereby unconditionally release and forever discharge the City, its elected officials, employees, agents, and insurers from any and all claims and causes of action of whatever kind or nature that is in any way connected with or related to the reassessment of the special assessment. 2120710 4. BINDING EFFECT; RECORDING. This Agreement shall be binding upon Owner and Owner's successors and assigns. This Agreement shall run with the land and may be recorded against the title to the Subject Property. CITY OF OTSEGO } t Jesica L. Stockamp, Mayor ATTEST: . e Bethany Be mg, Deputy x ' y Clerk STATE OF MINNESOTA ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this ?,off day of 0C�6b.e/- , 2020, by Jessica Stockamp and Bethany Benting, respectively the Mayor and Deputy City Clerk of the City of Otsego, a Minnesota municipal corporation, on behalf of the corporation pursuant to the authority granted by its City Council. k0;t-1VVL1 Notary Pu is Kelly Anne Thelon NOTARY PUBLIC MINNESOTA +?My Commission Expires Jan 31, 2025 2120710 OWNER r Kevin Lefebvre Benita Lefebvre STATE OF MINNESOTA ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this I day of 0&�y .e/- , 2020, by Kevin Lefebvre, spouse to Benita Lefebvre. ,rAl t�&' NotaryP(Zblic Kelly Anne Thelen NOTARY PUBLIC MINNESOTA G'Y Commission Expires Jan 31, 2025 STATE OF MINNESOTA ) ss. COUNTY OF WRIGHT ) The foregoing instrument was acknowledged before me this I 1el day of Q b'c/ , 2020, by Benita Lefebvre, spouse to Kevin Lefebvre. THIS INSTRUMENT WAS DRAFTED BY Campbell Knutson, Professional Association Grand Oak Office Center I 860 Blue Gentian Road, Suite 290 Eagan, Minnesota 55121 212071A Notary Nblic 9'Y Kelly Anne Thelen NOTARY PUBLIC MINNESOTA Commission Expires Jan 31, 2025