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2 <br /> <br />2. The assessments for Lots 1-3, Block 1, Clearwater Commons will be paid, in full, as part <br />of the Development Contract for the property. The remaining $213,854.66, allocated <br />to Outlot A, Clearwater Commons, shall be placed on the tax role as follows: <br /> <br />A. Amount: $213,854.66 <br />B. Duration: 10 Years <br />C. Interest Rate: 5% <br /> <br />Adopted by the City Council of the City of Lino Lakes this 27th day of October, 2025. <br /> <br /> <br /> <br />___________________________ <br />Rob Rafferty, Mayor <br />ATTEST: <br /> <br /> <br />___________________________ <br />Roberta Colotti, CMC, City Clerk <br /> <br />Page 28 of 166