HomeMy WebLinkAboutResolution No. 515-11 i
• RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute
a Fourth Supplemental Amendment to the Development Agreement for Harvestview (A-
1114481).
BE IT FURTHER RESOLVED that the City certify to the Olmsted County Auditor the
collection of those obligations contained in the attached Exhibit A with collection of property
taxes over a period of five years at five percent interest with the first payment occurring with the
2012 property taxes.
The Mayor and the City Clerk are authorized and directed to execute this agreement on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS ZV4 DAY OF 011.
P DENT OF SAID COMMON/,COUNCIL
0 ATTEST:
CITY CLERK
APPROVED THIS 9 DAY OF , 2011.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res10\P1MDevAgr116
•
EXHIBIT OF PER LOT OBLIGATIONS THAT ARE TO BE CERTIFIED FOR COLLECTION AS A FIVE
YEAR(5)SPECIAL ASSESSMENT AT 5%INTEREST WITH THE FIRST PAYMENT BEING DUE AS PART
OF THE 2012 PROPERTY TAXES
NOTE:THE OBLIGATIONS IN THE TABLE THAT FOLLOWS ARE NOT THE ONLY OBLIGATIONS THAT EXIST FOR THE PROPERTY,BUT
RATHER ARE OBLIGATIONS THAT BY AGREEMENT ARE TO BE ASSESSED FOR COLLECTION BEGINNING IN 2012.
OTHER OBLIGATIONS,IF APPLICABLE TO INDIVIDUAL LOTS WITHIN THE PROPERTY WILL BE ADDRESSED/COLLECTED BASED
ON THE TERMS OF THE AGREEMENTS IN PLACE FOR THE PROPERTY.
Harvestview Third Water Sewer Storm Water Storm Water Kings Run Proportional Total Lump Sum to be Certified
Subdivision Availability Availability Management Management Transportation Share of for collection as"Harvestview 3rd
Charge Charge Plan Area District Improvement Traffic Signal Assessment"plus interest @ 5%
(WAC) (SAC) Charge Charge District Obligation commencing at the time of y
SWMPA SWMD certification
Lot 1,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 H
Lot 2,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72'
Lot 3,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 4,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 W
Lot 5,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 6,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 F--]
Lot 7,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 8,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 9,Block 1 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 1,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 2,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 d
Lot 3,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 4,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 5,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 H
Lot 6,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 O
Lot 7,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 8,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72 z
Lot 9 Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 10,Block 2 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 1,Block 3 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 2,Block 3 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
Lot 3,Block 3 $603.99 $623.95 $746.20 $365.24 $825.67 $233.67 $3,398.72
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