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HomeMy WebLinkAbout15-107 - ADMIN Resolution - City Council - 2015/08/03RESOLUTION NO. 15-107 RESOLUTION AUTHORIZING INSTALLATION AND SPECIAL ASSESSMENT OF FIRE SPRINKLER SYSTEM AT 7420 West Lake Street, St. Louis Park, MN 55426 WHEREAS, Mayflower Properties, LLC, the Property Owner at 7420 West Lake Street has petitioned the City of St. Louis Park to authorize a special assessment for the installation of a fire spnnkler system in the building on the benefited property; and WHEREAS, the Property Owner has agreed to waive their nght to a public heanng, nght of notice and right of appeal pursuant to Minnesota Statute, Chapter 429, and WHEREAS, the City Council of the City of St. Louis Park has received a report from the Fire Marshal related to the installation of the fire sprinkler system NOW THEREFORE BE IT RESOLVED by the City Council of the City of St Louis Park, Minnesota, that. 1. The petition from the Property Owner requesting the approval and special assessment for the fire spnnkler system is hereby accepted. 2. The installation of the fire spnnkler system in conformance with the plans and specifications approved by the Fire Department and Department of Inspections is hereby authorized. 3. The total estimated cost for the design and complete installation of the fire sprinkler system is accepted at $83,152.00. 4. An administrative fee of $416.00 for processing shall be received pnor to the release of special assessment funds. 5. The total special assessment against the property will be $83,152 00 6. The Property Owners have agreed to waive their nghts to a public hearing, notice and appeal from the special assessment; whether provided by Minnesota Statutes, Chapter 429, or by other statutes, or by ordinance, City Charter, the constitution, or common law. 7. The Property Owners agree to pay the City for the cost of the above improvements through a special assessment over a ten (10) year penod at four percent (4.0%) interest. The Property Owners agree to execute an agreement with the City and any other document's necessary to implement the installation of the fire spnnkler system d the special assessment of all costs associated therewith. Revie ed or ministration: Adopted by the City Council August 3 , 2015 I Ai. 11I/II City7F/- r Attest: