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Alternatives: <br />Alternative #1 — Motion to adopt Resolution #18-216 approving an Assessment Agreement for municipal utility <br />connection fees for 7131-166th Avenue NW. <br />Funding Source: <br />The total cost of the municipal utility connection fees is $13,611. Based on the attached Assessment Agreement and <br />payment schedule, the property owner will pay the fees over a period of 10 years at a proposed interest rate of <br />5.10%. <br />Recommendation: <br />The City Attorney and Finance Director reviewed and approved the attached Assessment Agreement. Staff <br />recommends Council approval of alternative #1. <br />Action: <br />Motion to adopt Resolution #18-216 approving an Assessment Agreement for municipal utility connection fees for <br />713 1-166th Avenue NW. <br />Attachments <br />Resolution 18-216 <br />Assessment Agreement <br />Payment Schedule <br />Property Location Map <br />Form Review <br />Inbox Reviewed By Date <br />Diana Lund Diana Lund 10/04/2018 10:45 AM <br />Joe Langel Kathy Schmitz 10/04/2018 03:31 PM <br />Kurt Ulrich Kurt Ulrich 10/04/2018 03:56 PM <br />Form Started By: Bruce Westby Started On: 09/29/2018 12:01 PM <br />Final Approval Date: 10/04/2018 <br />