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CCR1991024COMMON COUNCIL - CITY OF MUSKEGO RESOLUTION # 74 -91 FINAL RESOLUTION LEVYING SPECIAL ASSESSMENTS AGAINST BENEFITTED PROPERTY AND WAIVER OF SPECIAL ASSESSMENT NOTICES AND EARINGS UNDER S66.60(18) (Water/ Lake Point Estates 1 (Wood Road East of Bay Lane) WHEREAS. Golden Fields Joint Venture , hereinafter referred to as "Developer", is installing water mains and laterals to the approximate property lines of the property listed below and dedicating the same to the City of Muskego; and WHEREAS, the undersigned acceptors of this Resolution own the property described in Paragraph 2 below which is benefitted by said water main and lateral installations and which makes water service available to said properties: and WHEREAS, the City of Muskego wishes for the Developer to install and pay for the entire water main and lateral installations (the City of Muskego to reimburse the Developer for the portion of the cost represented by the amount of the assessments stated below) and dedicate the same to the City of Muskego. NOW, THEREFORE, BE IT RESOLVED as follows: 1. That by executing the acceptance of this Resolution as stated below, the owners of said property also hereby waive special assessment notices and hearings under §66.60(18) and consent to the levying of special assessments against their property for the costs of said isprovemegt under Wisconsin Statute 566.60 and further agree and admit that the benefit to the property in ques:ion from the construction of said improvement is Resolution as skated below, the owners of said property jGst and reasonaSle: by executing the acceptance of this agree that the engineering information from the Developer's engineer and the City engineer has been explained to them and they are satisfied with the same. 2. That a ssecial assesssent is hereby levied against the following described properties in the following amounts: PROPEFTY BEING ASSFSSED W.@UYT OF ASSESSMENT Kowalczyk, d2200.008 of $850 = $2,528 $1,678 + lateral assesszent Bauer, 82200.007 of $850 = $2.528 $1,678 + lateral assessment Scheibe, 82200.006 of $850 = $2.528 $1,678 + lateral assessment (d) As to unimproved property, upon issuance of a building permit as to that portion of the property being improved. (e) On connection of the property to the water system on or before the first November 1st after water is available to the property. (f) On connection of the property to the water system after the first November 1st after water is available to the property, but only if connection is voluntarily made, made for a reason now requiring connection under the because of a future governmental requirement present City ordinance or connection made other than a requirement imposed solely at the discretion of the City of Muskego. (3) Upon the occurrence of the first of the above events referred to In-Subsection (2) above, the assessments shall be paid as follows: (a) As to occurrence (dl, prior to issuance of building permit. (b) As to occurrence (b), upon sale. (c) As to occurrence (a) or (e), on the first November 1st after said occurrence or in ten 8.0% per annum on the unpaid balance (10) annual installments with interest at commencing on the first November 1st after the final assessment resolution and said first installment being due on the first date when real estate taxes are due and znnually thereafter. (d) As to occurrence (c) or (f), on the first November 1st after the occurrence or in ten- (10) annual installments with interest at commencing on the first November 1st after 6.0% per annum on the unpaid balance csr.necticn and said first installment being due on the first date when real estate taxes are due and annually thereafter. (4) That there s>.a:l be interest charged on all deferred assessments at the rate of 8.0% per annum on the ur.caid balance from the first Ncvexber 1st after the final assessment the first five (5) years and shall continue to resolutioc. This shall be the initial rate for be the interest rate until paid except that the City shall review the interest rate after five -3- ? I I ACCEPTED EY: KOWALCZYK , R2 2 00.008 : (Owner BAUER, #2200.007: (Owner (Owner (Owner (Owner SCHEIBE, #2200.006: (Owner (Owner) SCHAHCZINSKI, #2200.005: - 5-