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1 <br /> <br />CITY OF LINO LAKES <br />RESOLUTION NO. 25-152 <br /> <br />AUTHORIZING TERMINATION OF ASSESSMENT DEFERRAL ON PIN # 24-31-22-21- <br />0003, Outlot A, ALINO ADDITION <br /> <br />WHEREAS, the City Council for the City of Lino Lakes previously approved Resolution No. <br />11-108, which adopted special assessments for the I-35E/CSAH 14 Interchange improvements; <br />and <br /> <br />WHEREAS, several assessments against unimproved properties were deferred pursuant <br />to Minn. Stat.§ 429.061, subd. 2, including the assessment against PIN #24-31-22-21-0003 in <br />the amount of $159,310.92; and <br /> <br />WHEREAS, Outlot A, ALINO Addition is being platted and split into four lots as part of <br />the Clearwater Commons Plat and the deferred assessments amount plus accrued interest will <br />be redistributed; and <br /> <br />WHEREAS, with the platting of the property the deferral be terminated; and <br /> <br />WHEREAS, with accrued interest the total amount of special assessments on the <br />property is now $254,897.48. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that: <br /> <br />1. The deferral of assessments on Outlot A, ALINO Addition shall be terminated, and the <br />assessments reallocated as follows: <br />Original Legal: Outlot A, ALINO ADDITION <br />PIN: 24-31-22-21-0003 <br />New Plat Name: Clearwater Commons <br /> Area (Acres) Assessment <br />Lot 1, Blk 1 1.01 $18,181.25 <br />Lot 2, Blk 1 0.63 $11,340.78 <br />Lot 3, Blk 1 0.64 $11,520.79 <br />Outlot A 11.88 $213,854.66 <br />Total 14.16 $254,897.48 <br /> <br />Page 27 of 166