Laserfiche WebLink
proper utilities, will be necessary. <br />To ensure proper access to a public right of way for any lots developed on the <br />U <br />Subject Property and in the event Property Owner cannot finance the construction of Krypton <br />Street, the Property Owner requests that the City of Ramsey undertake the construction of <br />ton Street, including the extension of sanitary sewer, looping of the water main, <br />associated services. ("Public Improvement"). <br />The costs expected to be incurred for the Public Improvement is the amount of the <br />U <br />special assessment listed below. <br />CONSIDERATION <br />COVENANTS, THE PARTIES HERETO AGREE AS FOLLOWS: <br />er agrees, in the event Property Owner undertakes to further <br />The Property 0 <br />ton Street. In <br />develop the Subject Property, Property Owner will construct <br />the event the Property Owner cannot finance the construction of Krypton Street, <br />the Property Owner agrees to allow the City to complete and perform necessary <br />and related work for the construction of Krypton Street ("Public Improvement"), <br />allow the City to incur the cost of construction, and collect payment for same, <br />pursuant to the terms of this Agreement. <br />Subject Property <br />0 <br />The City will assess <br />N <br />Improvement. The amount of the special assessment shall be the fair market value <br />0 <br />czt <br />N <br />czt <br />0 <br />0 <br />ct <br />CA <br />czt <br />1) <br />E <br />0 <br />0 <br />• <br />N <br />4-i <br />O <br />O <br />U <br />N <br />.Sr <br />0 <br />complete the Public Improvement at the time the Public Improvement is done. <br />U <br />0 <br />in equal installments <br />ct <br />czt <br />The special assessment principal shall be <br />fifteen years, plus interest on the unpaid balance at the fair market interest rate at <br />interest will be certified to the county and become due and payable on the same <br />schedule as the property taxes for the Subject Property. <br />The Property Owner waives any and all procedural and substantive objections to <br />0 <br />• <br />E <br />the Public Improvement and special assessments, including, but not <br />