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CITY OF LINO LAKES <br />RESOLUTION NO. 25-152 <br />AUTHORIZING TERMINATION OF ASSESSMENT DEFERRAL ON PIN # 24-31-22-21- <br />0003, Outlot A, ALINO ADDITION <br />WHEREAS, the City Council for the City of Lino Lakes previously approved Resolution No. <br />11-108, which adopted special assessments for the 1-35E/CSAH 14 Interchange improvements; <br />and <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 />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 />WHEREAS, with the platting of the property the deferral be terminated; and <br />WHEREAS, with accrued interest the total amount of special assessments on the <br />property is now $254,897.48. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Lino Lakes, Minnesota that: <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, BII< 1 <br />1.01 <br />$18,181.25 <br />Lot 2, BII< 1 <br />0.63 <br />$11,340.78 <br />Lot 3, BII< 1 <br />0.64 <br />$11,520.79 <br />Outlot A <br />11.88 <br />$213,854.66 <br />Total <br />14.16 <br />$254,897.48 <br />