Adopt Resolution #20-167 Approving Petition and Waiver Agreement for Municipal Water and Sanitary Sewer Connection to 7600 163rd Lane NW.

The owner of real property at 7600 163rd Lane NW recently requested to connect to municipal water supply and sanitary sewer due to significant costs required to repair their failing private septic system. Trunk fees for this connection are $14,409. The property owner desires to assess the entire amount. The City considers this to be acceptable based on current policies and regulations.

Notification is not required.

In order to allow costs to be assessed against the property, the property owner must enter into the attached Petition and Waiver Agreement, thereby waiving any rights to appeal the assessment. The attached Agreement was reviewed and approved by the City Attorney and Finance Director.

The assessed amount will be spread over ten (10) years and will be charged interest in the amount of 2% over the rate at which the city sells bonds, or 2% over the 10-year treasury rate if the city does not bond for funding.

The property owner is responsible for all costs associated with this request.

Staff recommends approval of the Petition and Waiver Agreement for 7600 163rd Lane NW.

Motion to adopt Resolution #20-167 approving the Petition and Waiver Agreement for municipal water and sanitary sewer connections to 7600 163rd Lane NW.