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Whispering Pines Estates. This is approximately % <br />of the City's anticipated expense in providing an <br />alternate storm water drainage solution in lieu of <br />the City's original drainage easement on Lot 3. The <br />city will assess the amount of $8,000.00 to the said <br />Lot 3 over a period of ten (10) years requiring <br />equal semi-annual installments of $400.00 each <br />together with interest at the rate of 9.5% per year. <br />It will be necessary that Jarsons execute the <br />documents necessary to effectuate the special <br />assessment described herein. <br /> <br /> 3 '1 ~a,t on the easement described on attached Exhibit "A" <br />the Ci%y wi[It cause to be constructed a storm sewer in order to <br />compensate for the loss of the drainage easement on Lot 3. <br /> <br /> The motion for the adoption of the foregoing resolution was <br />duly sec:(~nd~,d by Councilmember Richard Cich and upon vote being <br />taken ttne]:eon, the following voted in favor thereof: <br /> <br />Mayor Gary Reimann <br /> <br />Ken~,ct.t~ Peterson <br />RJc~a~"(l Cich <br />Stcpto,¢~ ~:. DeLuca <br /> <br />and the lot lowing voted against the same: <br /> <br />and the f~o! ~.'>wing abstained: <br /> <br />and the ~'~i !~>wing were absent: <br /> <br />whereupon =~;ai.d resolution was declared duly passed and adopted by <br />the ~Jt~ _ y Co:u~ci] this 25th day of July, 1989. <br /> <br /> Mayor ~ ~ ' <br /> <br />ATTEST: <br /> <br />City AdmT',.:q ~ ,,~-i rator f <br /> <br /> <br />