1993-06-10 Petition for Municipal Imrpovements
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CITY or ALBBRTVILLB
'ARKBIDB ADDITION
>>etitioD .or Muniaipal I.prov...ft~. and Agr....ftt To De A....sed
Kenc:o Const.ruotion, Ino. and Kent Roessler I individually,
(hereaft.er referred to oolleot.ive1y as "Developer"), owners of 100%
of t.he property described in Exhibit. "A", eount.y of Wri<Jht, state
of Minnesot.a, hereby pet.it.ion that the above described property be
improved and be assessed 100% of t.he cost of the improvements,
includinq construotion costs, enqineering fees, bonding fees and
expensos, attorney's fees, and other oosts incurred by the city of
Albert.ville relating to the improvement.s to the above described
proparty, inoludinq expenses inourred in p1at.t.ing the property
(inoluding all engineer's fees), grading, road construotion
oonsisting of excavation, aq<Jregate base, and bituminous surfacinq,
construction of oonorete curbs and gutters, ~unicipal water
faoilit.ies, sani.tary cewer faoilities, st.orm sewer faoilit.ies,
ponclinq, and ot.her such improvement.s t.o the land carried out by the
eity of Albertville.
Further, it i. undorstood by and bQ~w.en the Developer and the
city of Albertville that. t.he construotion improvements will bene.rit
the property. Developer agroc~ that the benefit to t.he property
will be qreater t.han the cost. of construction of the improvements
as set out above.
Furt.her, Developer hereby waives any objection to being
Qssessed 100' of the cos~ of ~e project against the Above
cle.cribed property.
Developer hereby waive. ita right of appeal ~o ~he Dist.rict
Court herein, pursuant to Minnesota Statute 429.081.
Furt.her, the spreading of t.he assessment aqainst the abovo
described property shall be in the best. interest of the eity of
Albertville. The assessment shall be a9ainst the above described
property as a whole. However, if mutually agreed, a division of
assessment may be m~de aqainst. the property with the consent of the
Developer herein and the city of Albertville.
Developor will submit to the cit.y of Albert.ville an
irrevocable letter of credit. in an amount. to be det.ermined by t.he
ei ty counci 1 pr lor t.o the si.gning of a Developer's Aqreelnent
between the Developer and the City. The irrevocable letter of
credit shall be approved by t.he cit.y At.t.orney and submitted to the
cit.y Counoil t.o insure that. the asse.ements are paid each and ev.ry
year when due and payable.
Furt.her, Developer, for value reoeived, guarantees the payment
of the assessment due and payable in each and every year or at any
time theroaftor, and hereby! agrees and consents to all of the
stipUlations oontained herein.
Dated
(/ (; c
I
, 1993
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By:
J:'uc:lt.on, Inc.
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Kenco
By:
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Its Secretary
Kent ROA.sIA~, Individually