HomeMy WebLinkAboutResolution - 96-132 - Abatement for Special Assessments for Lot 3, Block 2, Maple Leaf Acres- 9th Addition - 08/20/1996 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 9 6 - 13 2
WHEREAS, Owner holds an interest in property described as: Lot 3, Block 2, Maple Leaf Acres 9th
Addition, Hennepin County, Minnesota, which property is the subject of this Agreement and is
hereinafter referred to as the "Property," and
WHEREAS, the Property is subject to certain tax forfeiture proceedings, and
WHEREAS, Owner's interest in the Property is as purchaser pursuant to a contract for purchase from
State of Minnesota, as Trustee; Hennepin County, on behalf of the State of Minnesota, and
WHEREAS, the Property has been previously specially assessed for sewer, water and street
improvements ("Improvements"), which special assessments have been cancelled because of the tax
forfeiture proceedings, and
WHEREAS, City has reassessed the Property for the Improvements in the amounts of unpaid special
assessments, and
WHEREAS, the Property would have little or no economic value if it were burdened with reassessments
in such amounts, and the Council deems it appropriate in order to capture a portion of the special
assessments to abate a portion of the special reassessments so as to provide incentive for return of the
Property to the tax rolls and the development and utilization of the Property.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Eden Prairie:
That the Council hereby approves the abatement of the special reassessments relating to sanitary
sewer, water and street improvements against Lot 3, Block 2, Maple Leaf Acres 9th Addition,
Hennepin County, Minnesota, further identified as PID 07-116-22-21-0038, pursuant to
Minnesota Statutes 375.192, by reducing the reassessments in accordance with the following
amount and terms:
PAYABLE IN
NUMBER ANNUAL PER ANNUM
AMOUNT INSTALLMENTS INTEREST RATE
19,000 15 12.0
ADOPTED by the Eden Prairie City Council on August 20, 1996.
. Harris
ATTEST SEAL
1-194,
Joh . Frane, Clerk