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Common use of Sanitary Sewer Clause in Contracts

Sanitary Sewer. This plat is subject to a lateral sanitary sewer special assessment under Minnesota Statutes Chapter 429. The assessment rate is adjusted annually. The 2020 rate is $1,303 per acre. If the development contract is signed by the Developer and City in 2020, the assessment amount is calculated as follows: 45.59 acres minus 22.4 acres of wetland = 23.19 acres x $1,303 per acre = $30,216.57. If the development contract is signed in another year, that year’s per acre rate will be used in the calculation. The assessment will be divided evenly among the lots and blocks in the final plat. The charge will be spread over five years at 2.67 percent interest on the unpaid balance. The assessment shall be deemed adopted on the date this contract is signed by the City. The Developer waives any and all procedural and substantive objections to the special assessment, including but not limited to, hearing requirements and any claim that the assessment exceeds the benefit to the property. The Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081.

Appears in 1 contract

Samples: Development Contract

Sanitary Sewer. This plat is subject to a lateral sanitary sewer special assessment under Minnesota Statutes Chapter 429. The assessment rate is adjusted annually. The 2020 2019 rate is $1,303 1,278 per acre. If the development contract is signed by the Developer and City in 20202019, the assessment amount is calculated as follows: 45.59 19.601 acres minus 22.4 11.628 acres future minus 1.917 acres of wetland = 23.19 6.056 acres x $1,303 1,277 per acre = $30,216.577,733.51. If the development contract is signed in another year, that year’s per acre rate will be used in the calculation. The assessment will be divided evenly among the lots and blocks in the final plat. The charge will be spread over five years at 2.67 percent 3.33% interest on the unpaid balance. The assessment shall be deemed adopted on the date this contract is signed by the City. The Developer waives any and all procedural and substantive objections to the special assessment, including but not limited to, hearing requirements and any claim that the assessment exceeds the benefit to the property. The Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081.

Appears in 1 contract

Samples: Development Contract

Sanitary Sewer. This plat is subject to a lateral sanitary sewer special assessment under Minnesota Statutes Chapter 429. The assessment rate is adjusted annually. The 2020 2022 rate is $1,303 1,355 per acre. If the development contract is signed by the Developer and City in 20202022, the assessment amount is calculated as follows: 45.59 6.643 acres minus 22.4 1.84 acres of wetland = 23.19 4.803 acres x $1,303 1,355 per acre = $30,216.576,508.07. If the development contract is signed in another year, that year’s per acre rate will be used in the calculation. The assessment will be divided evenly among the lots and blocks in the final plat. The charge will be spread over five years at 2.67 percent 2.1% interest on the unpaid balance. The assessment shall be deemed adopted on the date this contract is signed by the City. The Developer waives any and all procedural and substantive objections to the special assessment, including but not limited to, hearing requirements and any claim that the assessment exceeds the benefit to the property. The Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081.

Appears in 1 contract

Samples: Development Contract

Sanitary Sewer. This plat is subject to a lateral sanitary sewer special assessment under Minnesota Statutes Chapter 429. The assessment rate is adjusted annually. The 2020 2019 rate is $1,303 1,277 per acre. If the development contract is signed by the Developer and City in 20202019, the assessment amount is calculated as follows: 45.59 4.825 acres minus 22.4 0.265 acres of wetland = 23.19 4.560 acres x $1,303 1,277 per acre = $30,216.575,823.12. If the development contract is signed in another year, that year’s per acre rate will be used in the calculation. The assessment will be divided evenly among the lots and blocks in the final plat. The charge will be spread over five years at 2.67 percent 3.33% interest on the unpaid balance. The assessment shall be deemed adopted on the date this contract is signed by the City. The Developer waives any and all procedural and substantive objections to the special assessment, including but not limited to, hearing requirements and any claim that the assessment exceeds the benefit to the property. The Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081.

Appears in 1 contract

Samples: Development Contract

Sanitary Sewer. This plat is subject to a lateral sanitary sewer special assessment under Minnesota Statutes Chapter 429. The assessment rate is adjusted annually. The 2020 rate is $1,303 per acre. If the development contract is signed by the Developer and City in 2020, the assessment amount is calculated as follows: 45.59 acres minus 22.4 acres of wetland = 23.19 7.06 acres x $1,303 per acre = $30,216.579,199.18. If the development contract is signed in another year, that year’s per acre rate will be used in the calculation. The assessment will be divided evenly among the lots and blocks in the final plat. The charge will be spread over five years at 2.67 percent 2.67% interest on the unpaid balance. The assessment shall be deemed adopted on the date this contract is signed by the City. The Developer waives any and all procedural and substantive objections to the special assessment, including but not limited to, hearing requirements and any claim that the assessment exceeds the benefit to the property. The Developer waives any appeal rights otherwise available pursuant to M.S.A. 429.081.

Appears in 1 contract

Samples: Development Contract