Recorded Special Assessment Agreement park dedication Roers Bennett001Document Number: A781244
Filed and/or Recorded on
Jan 2, 2025 10:34 AM
Offlce of the County Recorder/Registrar of Titles
Carver County, Minnesota
Kaaren Lewis, County Recorder
Deputy RR/NV
Document Recording Fees $ 46.00
Document fotal $ 46.00
Requesting Party: Guaranty Commercial Title Inc
Pages: 4
This cover page has been added to this document by Carver County Land Records
and is now an official part of this recorded document
SPECIAL ASSESSMENT AGREEMENT
AGREEMENT made this LZ <Iay of J U LY ,2024,by and between the
CITY OF CHANIIASSEN, a Minnesota municipal corporation ("City") and Roers Chanhassen
Bennett Apartrnents Owner LLC, a Minnesota limited liability company (the "Property Owner',).
RECITALS
A. Property Owner is the fee owner of certain Foperty in the City of Chanhassen
Carver County, Minnesota, Iegally described as:
Lot I, Block 1, Chanhassen Market Street Additio,n (the "Subject Property")
Street address and parcel number to be assigned at a later date.
B. Property Owner has requested that the City specially assess park dedicatron fees of
5702,601.34 against the Subject Property.
NOW, THEREFORE, IN CONSIDERATION OF THEIR NIUTUAL COVENANTS
THE PARTIES AGREE AS FOLLOWS:
1. SPECIAL ASSESSMENT, The City hereby assesses the cost of park dedication
fees totaling $702,601.34 against the Subject Prope(y. The assessment shall be spread over two (2)
years, together with six and one half percent (6.50%) interest per year on the unpaid balance.
Interest shall accrue from the date of the approval of this Agreement by the City Council. The first
installment shall be due and payable with ta-xes in 2025. The Property owner waives any and all
procedural and substantive objections to the special assessment, including but not limited to hearing
requironents and any claim that the assessment exceeds the benefit to the Subject Property. The
Property Owner waives any appeal rights otherwise available pusuant to Mirur. Stat. $ 429.081. If
the special assessment is not timely paid or is set aside for any reason, then, instead of palng the
special assessment, the Property Owner shall pay the City on demand an amount equivalort to the
unpaid special assessment together with any legal fees the City may incur.
2. BINDING EFFECT; RECOR-DING. This Agreement shall be binding upon the
Property Owner and the Property Owner's successors, heirs and assigns. This Agreernent may be
recorded against the title to the Subject Property.
Return to:
Guaranty Commercial Iille, lnc.
465 Nlcollel Mall, Sutte 230
Minneapolis, MN 5540i }ul\x/,u-/orw.I
(StrAt.)
BY:
CITY OF CHANHASSEN
Elise Ryan, Mayor
AND A/VruW,Xqwk\
STATE OF MINNESOTA
COL]NTY OF CARVER
The foregorng instrument was acknowledged before me this [3 auv of
D11S_rybt ,2024,by Elise Ryan and by Laurie Hokkanen, respectively the Mayor and City
Manager of the City of Chanhassen, a Minnesota corporation, on behalf of the corporation and
pursuant to the authority granted by its City Council.
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Laune Hokkanen, City Manager
(1,^4,,4ad+nwn
N UBLICAMY K. WEIDMAN
Notary Public-Minnesota
My Commission Explros Jan 31' 2027
2
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STATE OFMINNESOTA
DRAFTED BY:
CAMPBELL K.NTJrSON
P rofess ional Ass oc iation
3 I 7 Eagandale Offic€ Center
1380 Corporate Center Curve
Eagan, Minnesota 55121
Telephone: (6 1 2) 452-5000
PROPERTYOWNER:
Roers Chanhassen AparEnents Owner LLC
By:
Tom Authorized Signatory
NOTARY
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SS
couNrYoF Hsnmfln
The foregoing instrument was acknowledged before me thi s &Ob aay of )et cr*@f
2024, by Tom Cronin the Authorized Sipatory of Roers Chanhassen Bennett Aparhnents Owner
LLC, a Delaware limited liability company, on behalf of the company, the Property Owner.
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