Common use of WATERMAIN Clause in Contracts

WATERMAIN. This plat is subject to a trunk watermain special assessment under Minnesota Statutes Chapter 429. The current rate is $4,935 per acre. If the development contract is signed by the Developer and City in 2022, the assessment amount is calculated as follows: 4.82 acres x $4,935 per acre = $23,786.70. 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 assessment will be spread over five years at 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.

WATERMAIN. This plat is subject to a trunk watermain special assessment under Minnesota Statutes Chapter 429. The current assessment rate is adjusted annually. The 2020 rate is $4,935 4,838 per acre. If the development contract is signed by the Developer and City in 20222020, the assessment amount is calculated as follows: 4.82 45.59 acres minus 22.40 acres of wetland = 23.19 acres x $4,935 4,838 per acre = $23,786.70112,193.22. 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 assessment will be spread over five years at 2.1% 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.

WATERMAIN. This plat is subject to a trunk watermain special assessment under Minnesota Statutes Chapter 429. The current assessment rate is adjusted annually. The 2019 rate is $4,935 4,743 per acre. If the development contract is signed by the Developer and City in 20222019, the assessment amount is calculated as follows: 4.82 19.601 acres minus 11.628 acres future minus 1.917 acres of wetland = 6.056 acres x $4,935 4,743 per acre = $23,786.7028,723.61. 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 assessment will be spread over five years at 2.13.33% 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.

WATERMAIN. This plat is subject to a trunk watermain special assessment under Minnesota Statutes Chapter 429. The current assessment rate is adjusted annually. The 2019 rate is $4,935 4,743 per acre. If the development contract is signed by the Developer and City in 20222019, the assessment amount is calculated as follows: 4.82 77.08 acres minus 45.75 acres of future development minus 5.17 acres of existing C.R. 47 right of way minus 4.14 acres of phase 1 wetland minus 2.56 acres Pulte Outlot C = 19.46 acres x $4,935 4,743 per acre = $23,786.7092,298.78. 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 assessment will be spread over five years at 2.13.33% 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.

WATERMAIN. This plat is subject to a trunk watermain special assessment under Minnesota Statutes Chapter 429. The current assessment rate is adjusted annually. The 2022 rate is $4,935 5,033 per acre. If the development contract is signed by the Developer and City in 2022, the assessment amount is calculated as follows: 4.82 6.643 acres minus 1.84 acres of wetland = 4.803 acres x $4,935 5,033 per acre = $23,786.7024,173.50. 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 assessment will be spread over five years at 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.