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prepesed-prejeet,(Ameaded) <br />Section 2. That Chapter 8 of the Lino Lakes City Charter be amended by adding thereto <br />a new Section 8.01 to read as follows: <br />Section 8.01. Local Improvements Defined; Charter Provisions Effective. <br />Subdivision 1. For the purposes of this Chapter, the term "local improvements" means <br />any public improvements financed in whole or in part from special assessments. <br />Subdivision 2. For the purposes of any objection or petition under this Chapter, (a) only <br />one person or entity may sign an objection or petition on behalf of all owners of a parcel; and (b) <br />if the same person or entity owns more than one parcel affected by a local improvement, that <br />person or entity may sign an objection or petition only once; and (c) for the purpose of <br />identifying recipients of any notice under this Chapter, owners are determined in accordance <br />with Minnesota Statutes, Section 429.031, subdivision 1. <br />Subdivision 3. The City may undertake any local improvements not forbidden by law <br />and levy special assessments to pay all or any part of the cost of such local improvements. The <br />principal amount of special assessments for any local improvements shall not exceed the cost of <br />the local improvement, including all design, financing and related costs, and shall not exceed the <br />benefit to the property determined in accordance with state law. <br />