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CC Regular Session <br />Meeting Date: 07/28/2020 <br />By: Tim Gladhill, Community Development <br />5. 13. <br />Information <br />Title <br />Adopt Resolution #20-162 Approving Assessment Agreement for Municipal Water and Sanitary Sewer Connection <br />at 6314 Highway 10 NW; Case of Electric Systems of Anoka <br />Purpose/Background: <br />Electric Systems of Anoka desires to connect to municipal water supply and sanitary sewer. The existing septic <br />system has failed and there are no viable alternatives for replacement. Trunk Fees for this connection are $21,533. <br />Electric Systems of Anoka desires to pay $10,000 up front and assess the remaining $11,533. This is acceptable <br />under current policies and regulations. <br />Notification: <br />Notification is not required. <br />Observations/Alternatives: <br />In order to allow the assessment, the Owner must enter into an Assessment Agreement and waive any rights to <br />appeal the assessment. The assessed amount will be spread over ten (10) years and will be charged interest (2% plus <br />the US Prime Rate). The draft Assessment Agreement is attached. <br />Final approvals are contingent upon approval by the Finance Director. <br />Funding Source: <br />The Applicant is responsible for all costs associated with processing the request. <br />Recommendation: <br />Staff recommends approval of the Assessment Agreement for 6314 Highway 10 NW. <br />Action: <br />Motion to adopt the resolution #20-162 approving the Assessment Agreement for 6314 Highway 10 NW. <br />Attachments <br />DRAFT Assessment Agreement <br />Resolution #20-162 <br />Construction Plans <br />Form Review <br />lnbox Reviewed By Date <br />Kurt Ulrich Kurt Ulrich 07/23/2020 04:45 PM <br />Form Started By: Tim Gladhill Started On: 07/20/2020 08:21 PM <br />Final Approval Date: 07/23/2020 <br />