07-82CITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2007- 82
RESOLUTION ADOPTING ASSESSMENT- GREAT RIVER CENTRE OF
OTSEGO SECOND ADDITION AND GREAT RIVER CENTRE OF
OTSEGO, OUTLOT I -
WHEREAS, pursuant to a development agreement entered into between the City
and Terra Development (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 public improvements including utilities, storm sewer, sanitary sewer
and road improvements to 85`h Avenue identified as Otsego City Project No. 02-
07. 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. Payment of the assessment shall be deferred for a period of one year. 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 2009, and shall bear interest at the rate of 51/2 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, 2008. 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 �y the Otsego City Council this 13th day of November, 2007.
c
IN FAVOR: Mayor Fourneir; Councilmembers: Heidner, Stockamp,
`Darkenwald and Thorsted.
OPPOSED: None.
ABSTAINING: None.
I AN, IN N i R , a , W2
CITY OF OTSEGO
Larry Fournier, Mayor