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EXTRACT OF THE MINUTES <br />COUNCIL OF THE CITY OF LITTLE CANADA <br />RAMSEY COUNTY, MINNESOTA <br />OCTOBER 10, 2001 <br />Pursuant to due call and notice thereof the City Council of the City of Little Canada met <br />in special session at the City Center on Wednesday, October 10, 2001 at 6:30 p.m. <br />The following members were present: Fahey, Scalze, LaValle, Anderson and Montour. <br />The following members were absent: None. <br />Council Member introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 2001 -10- <br />A RESOLUTION APPROVING AND ADOPTING THE ASSESSMENT ROLL <br />FOR IMPROVEMENT NO. 2001 -05 <br />LITTLE CANADA ROAD /MeMENEMY ROAD PARKING LOT <br />BY CONCRETE CURB AND GUTTER, PAVEMENT RECONSTRUCTION, AND <br />LANDSCAPE TREATMENTS <br />COUNTY NO. 53020005 <br />INTEREST RATE — 6.75 PERCENT <br />FIRST YEAR'S RATE OF INTEREST — 8.27 PERCENT <br />EXTRA NUMBER OF DAYS IN FIRST YEAR — 82 DAYS <br />TERM — 10 YEARS <br />WHEREAS, <br />Pursuant to property notice duly given as required by law, the Council has met and heard <br />and passed upon all objections and amendments to the proposed assessment for the <br />improvement of Little Canada Road as described above. <br />NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL, OF THE CITY OF <br />LITTLE CANADA, MINNESOTA: <br />1. Such proposed assessment, a copy of which is attached hereto and made a part <br />hereof, is hereby accepted and shall constitute the special assessment against the lands <br />named therein, and each tract of land therein included is hereby found to be benefited by <br />the proposed improvement in the amount of the assessment levied against it. <br />Page 4 <br />