HomeMy WebLinkAboutResolution - 94-116 - Storm Sewer Special Assessments - Hueler Property/AKA Brandt Property - PID 35-116-22-24-0010 - 08/16/1994 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 9 4 - 1 9 6
STORM SEWER SPECIAL ASSESSMENTS
HUELER PROPERTY/AKA BRANDT PROPERTY
PID 35-116-22-24-0010
WHEREAS, the property identified as PID 35-116-22-24-0010 is homesteaded
unimproved property; and
WHEREAS, the City's Special Assessment Policy provides for the deferment of
certain special assessments to homesteaded unimproved property.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Eden Prairie:
that the Council of the City of Eden Prairie hereby approves the
abatement by deferring payment of installments of that special assessment
relating to improvement I.C. 52-069 against property identified as PID 35-
116-22-24-0010, pursuant to Minnesota Statutes §375.192, in the
following manner:
The entire balance of levy number 12712 in the amount of $30,329.07
(excluding payments previously made) shall be abated by deferring
payment of installments until the property is either subdivided or
developed. Interest at the rate of 8% per annum shall accrue based on the
original assessed amount of $24,398.42 (as levied in 1988) until a
maximum sum of principal and interest equaling $36,598.38 is reached.
When the property is either subdivided or developed, the amount of
principal and interest that has accrued, up to maximum ount, shall
be certified to Hennepin County for collec ' n o r a five-y period.
Douglas B. T pas, Mayor
ATTEST: SEAL
John D. Frane, City Clerk
Item No.