2018-08-13 SAC & WAC Assessment Agreement ASSESSMENT AGREEMENT
SAC AND WAC CHARGES
BETWEEN
MARCUS STAR LLC AND CITY OF ALBERTVILLE
WHEREAS, the City of Albcrtville ("City") rcquires payment of se�ver access
charges ("SAC") and water acccss charges ("WAC") at the timc; building pei7nits arc
applicd for; and
'' WHEREAS, Marcus Star LLC ("Owner") has applicd for a building pennit on
property des�ribed as Lot 003; Block 001, The Shoppes at Towne Lakes One, according
to the plat of record c�n file in the ot'fice of�the County Recorder, Wrigllt County,
Miiinesota("Property") to remodel retail space into a daycare l:acility; and
WHEREAS, Owner has rcquested that the City spccial asscss the City's portion of
thc S�C and WAC charges that are duc as a result of the application for a building penliit
for thc Property;
NOW, THEREFORE, thc City and Owner agree as follo���s:
1. I'he applicable SAC and C'ity portion of Yhe WAC fees for the building
expansioil are $36,478.00 and $7,533.00, respectively, and the Joint �'o���ers
WAC is $15,868.U0.
�. The City shall special assess the SAC and City� portion oi�t�l7e WAC (totaling
$4�,01 1.00) against the Property over a 5 year period at an i�iterest rat� of 6%.
3. Ow�ner shall promptly pay said special assessmetits as they cc�me due witl�
the property taxes.
4. The Owner shall pay the Joint Power"s WAC fces to the City prior to tl�e issuance
of the bLiilding�eririit for construction of the daycare faciliry.
5. Owner��-aives its right to a public hearing pursuant to Minn. Stat. �429.061
and l�ereby directs the City Cou�icil to cet•tify the special assessinent to tl�e
County Auditor.
G. Owncr waivcs its right to appeal said spccial assessment to the District Court I
pursuant to Minn. Stat.� 429.081 or pursuant to any other legal authority or
legal theory and waives any procedural irre�ularitics in the assessment process.
7. O��vncr shall pay the City's costs and expenscs (including attorney's fccs) in the
event it violates this agreement.
OWNER CITY OF ALBERTVILLE
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By: g
Jill n Hendrickson
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�a r c�,.ty S7�"r�'
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By: ./� � f'(
Kimberly A. H ena
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