HomeMy WebLinkAboutResolution 2020-82 Authorizing Special AssessmentCity of Corcoran
County of Hennepin
State of Minnesota
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Motion By: Schultz
Seconded By: Anderson
• •' •'�
November 12, 2020
WHEREAS, the George H. Deziel Revocable Trust ("Owner") is the owner of certain real
property located within the City of Corcoran and legally described on Exhibit A (the
"Property"); and
WHEREAS, the City intends to install public water infrastructure on the Property as a part of
the City's SE Corcoran 2020 Trunk Watermain Improvement Project (the "Project"); and
WHEREAS, in the fall of 2020, the City and Owner mutually executed an Easement
Agreement pursuant to which Owner granted the City easements to install this infrastructure
and the City agreed to cap the amount that the Property would be specially assessed related
to the Project; and
WHEREAS, Owner consented and agreed to a special assessment of the Property related to
the Project in the base amount of $21,800.00, plus annual interest at a rate of 2%; and
HEREAS,
the
assessment will
be deferred
for a period
not to exceed 20 years from the
date of the levy and will be become due and payable in full, including any and all
accumulated interest, upon the first occurrence of any of the following:
1) Sale of the Property; or
2) Platting of the Property; or
3) 20 years pass from the date of the levy of this assessment.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Corcoran:
1. The City Council of the City of Corcoran hereby approves the special
assessment of the Property related to the Project in the base amount of
$21,800.00.
2. Annual interest shall be applied at a rate of 2% until payment in full is made;
3. The assessment shall be deferred with interest for a period not to exceed 20
years from the date of this levy and will be become due and payable in full,
including any and all accumulated interest, upon the first occurrence of any of
the following:
1) Sale of the Property; or
2) Platting of the Property; or
3) 20 years pass from the date of the levy of this assessment.
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City of Corcoran
County of Hennepin
State of Minnesota
VOTING AYE
® Thomas, Ron
® Anderson, Tom
❑ Bottema, Jon
® Lother, Brian
® Schultz, Alan
November 12, 2020
RESOLUTION NO. 2020-82
VOTING NAY
❑ Thomas, Ron
❑ Anderson, Tom
❑ Bottema, Jon
❑ Lother, Brian
❑ Schultz, Alan
Whereupon, said Resolution is hereby declared adopted on this 12t" day of November
2020.
Ron Thomas -Mayor
ATTEST:
City Seal
Jessi else —Administrative Services Director
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City of Corcoran
County of Hennepin
State of Minnesota
RESOLUTION No. IWAV-02
(the "Property")
November i2, zuzu
The Southwest Quarter %J the Northwest Quarter except that part thereof lying Southerly
of the Southerly right-of-way line of the Town Road now opened and laid out generally
running East and West, approximately located between the Southwest Quarter of the
Northwest Quarter and the Northwest Quarter of the Southwest Quarter all in Section
Twenty -Five, Township 119, Range 23, except that parcel which lies Westerly of a line
parallel with and distant 40 feet East of the West line of Section 25, Township 119,
Range 23, Hennepin County, Minnesota.
Abstract Property
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