Agenda Packets - 1986/12/15 - Laserfiche WebLink

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ATTACHMENT #2 A G R E E M E N T is THIS AGREEMENT, made this day of , 19 , by and between the City of Mounds View, a municipal corpora— tion, in the County of Ramsey and State of Minnesota, hereinafter called the City and Continental Development Company the fee owner and/or contract purchaser who owns the following described property: Red Oak Park (Former Red Oak School Site) Lots 1 through 16 WHEREAS, the said property is a (are) newly created lot(s) from an approved subdivision and it is necessary that special assess— ments be apportioned against the newly created lot(s); and WHEREAS, the owner hereby agrees to a reapportionment of said assessments; NOW, THEREFORE, IT IS HEREBY AGREED that this document shall be considered a petition as provided for in Chapter 8 of the Home Rule Charter and Chapter 26 of the Municipal Code which the owner understands allows the City to specially assess his property without public hearings and the rwner hereby waives all of the Charter, muni— cipal and statutory requirements to enable the City to certify an assessment to the Ramsey County Auditor's office and the owner hereby agrees to allow the City, by its own action to assess the above described property in the amount set out in the Exhibit hereto attached, for a _ year period at interest, commending the first day of January following the date of this Agreement, and owner further agrees that all assessments and interest thereon shall be collected in the same manner as other municipal taxes. The owner further understands that he may at any time pay to the County Treas�,'.',_.. urer the entire amount of the assessments remaining unpaid, with the interest accrued to December 31st of the year in which such payment is made. IT IS FURTHER AGREED that in lieu of certification of the assessment to the Ramsey County Auditor's office, the owner may pay L to the City of Mounds View this assessment amount in full and without