07-80CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2007- 80
RESOLUTION ADOPTING ASSESSMENT- OTSEGO WATERFRONT
EAST THIRD ADDITION EXCEPT LOT 1, BLOCK 2
WHEREAS, pursuant to agreements entered into between the City and Land
Funding I, LLC, (Developer), said Developer and property owners have agreed to
waive all hearings, waive any irregularities in the proceedings, and waive any and
all rights of appeal relative to certain improvements constructed by the City which
benefit the various properties. The project consisted of City construction of
roadways, storm drainage improvements, and sanitary sewer and water
improvements related to the extension of Quantrelle Avenue, identified as Otsego
City Project No. 07-04 within the Plat of Waterfront East Third Addition. This
resolution applies to the portion of said Plat now replatted as Waterfront East
Third Addition, excluding Lot 1, Block 2. The project is located within the City of
Otsego, Wright County, Minnesota.
NOW THEREFORE BE IT RESOLVED BY THE OTSEGO CITY
COUNCIL, COUNTY OF WRIGHT, MINNESOTA:
1. Such proposed assessments, a copy of which is attached hereto as Exhibit A and
made a part hereof, is hereby accepted and shall constitute the special assessment
against the lands named therein, and each tract of land therein included is hereby
found to be benefited by the proposed improvement in the amount of the
assessment levied against it.
2. The assessment shall be deferred for a period of two years. Such assessment
shall be payable in equal annual installments extending over a period of 15 years,
the first of the installments to be payable on or before the first Monday in January
2010, and shall bear interest at the rate of 7 percent per annum from the date of
adoption of this assessment resolution. To the first installment shall be added
interest on the entire assessment from the date of this resolution until December
31, 2009. To each subsequent installment when due shall be added interest for one
year on all unpaid installments.
3. The owner of any property so assessed may, at any time prior to certification 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 Treasurer,
except that no interest shall be charged if the entire assessment is paid within 30
days from the adoption of this resolution; and he may, at any time thereafter, pay
to the City Treasurer 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. Partial pre -payment of the assessment
may be made pursuant to City Ordinance.
4. The 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 paid over in the same manner as other City taxes.
ADOPTED ly the Otsego City Council this 13th day of November, 2007.
IN FAVOR:' Mayor Fourneir; Councilmembers: Heidner, Stockamp,
Darkenwald and Thorsted.
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OPPOSED:: None.
ABSTAINING: None.
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CITY OF OTSEGO
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Larry Fournier, Mayor