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CCR1981171RESOLUTION #171-81 APPROVING DEFERRED ASSESSMENT FOR PROPERTIES OWNED BY GEORGE AND ALVIN SCHAEFER (W187 S7791 Lions Park Dr. ) WHEREAS, the city currently has a special assessment lien for sewers on the following described red.estatelocated within the City of Muskego Town 5 North, Range 20 East, consisting of 128 acres, South 3 of the Southwest and Southeast of Section 8, a/k/a the Schaefer Farm, City of Muskego, Waukesha County, Wisconsin and WHEREAS, the owners of said real estate, George and Alvin Schaefer, have requested the city to defer said special assessments under the provisions of Section 66.605, Wisconsin Statutes, and WHEREAS, said George and Alvin Schaefer have made application to the city for an extension of time within which to pay the special assessments that have been levied against said property, which consists of the following $11,730.40 - special assessment $16,704.75 - special assessment 938.43 - interest 1,336.38 - interest $ 12,668.83 - total assessment $ 18,041.13 - total assessment and WHEREAS, a moratorium placed on the sewer district of the City of Muskego by the DNR prohi,bit~..the-'dev-e.lo$m_enLof .ae. property and and therefore the use of the installed sewers, and WHEREAS, on the 9th day of October, 1979, the Common Council adopted Resolution #191-79 which provided an additional two year deferment of special assessments at a rate of 6 percent per annum because of litigation in which the Schaefer's were involved, and WHEREAS, the Common Council has previously granted an additional commenced on the date the previous deferment expired, and 10-year deferment to other property owners whereas that deferment WHEREAS, the initial 10-year deferment for the Schaefer property expired on the 9th day of October, 1979, WHEREAS, the Sewer Committee and the Finance Committee have recommended that the action taken by the Common Council granting a special two-year deferment be rescinded and that the special of ten years effective 9th day of October, 1979 assessments against the Schaefer property be deferred for a period NOW, THEREFORE, BE IT RESOLVED that the special assessments affecting the George and Alvin Schaefer properties which were the result Of certain sewer construction hereby is deferred for a period Of ten (10) years from the date the previous deferment expires. ;'I Resolution #171-81 Page 2. a BE IT FURTHER RESOLVED that while said special assessment is out- standing under the terms and conditions of this deferment the same shall bear interest at the rate of nine (9) percent per annum for the number of years and under the terms and conditions provided in Resolution #19-71 as if this were the final resolution except that the new rate of interest shall be from the date of expiration of the previous deferment. BE IT FURTHER RESOLVED that this action is taken pursuant to the Establishing Deferred Assessment Policies. provisions of Resolution #19-71, As Amended, entitled, Resolution 'W DATED THIS a& DAY OF , 1981. FINANCE COMMITTEE PUBLIC SEWER COMMITTEE Ald. &@-Dl& Edwin P. Dumke Ald. Wayne Salentine r' Ald. Wayne Radtke Ald. Robert Klenz A r .!m Ald.(/Wayne Salenflde Ald': Edwih P-Dunike ATTEST