Laserfiche WebLink
January 17, 2014 <br /> Mr.Jeff Dotseth <br /> Jeff Dotseth &Assoc. Realty, Inc. <br /> 26219 Fremont Dr. <br /> Zimmerman, MN 55398 <br /> Dear Jeff: <br /> This letter serves to outline the agreement bet\Veeij ¢he City of Elk River and the Houlton-Olson <br /> Family with regard to the deferred trunk water andawer assessments. <br /> The Ell-,River City Council consensus on;the assessments is that'they need to be paid'consistent <br /> with the original assessment policy. That wAftanding, the cry would be willing to reduce the <br /> outstanding assessment amount due frog the"'Ipuiton-Olson Fni1y by the amount earned over <br /> seven (7) years of leasing the tillable acreage at the current lease rate. <br /> The current lease is 165 acies or 517x10 total deferred assessment reduction <br /> would amount to $120120. <br /> The agreement is contingeizt Ripon any and all grant requirements allowing the city to lease the <br /> property for seven (I),years follo.Nving'the existing Haazlton-Olson Family lease agreement,which <br /> expires of December 31,;.2014. <br /> The remain assessment pmcjpal ant iterest,less the $120,120,will be paid by the Houlton- <br /> Olson Fainil before closing the sale of the property. <br /> Sincerely, <br /> Calvin P. Portner <br /> City Administrator <br />