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( of land, without regard to cash valuation, in accordance with <br />the provisions of Section 429.051 of the Minnesota Statutes <br />and other applicable law, over a period of one (1) year with <br />interest at the rate of eight (8%) percent per annum. The <br />said assessment rolls shall be completed by the Clerk and <br />Engineer and filed in the office of the City Clerk and be open <br />to public inspection at least two (2) weeks prior to July 31, 1979. <br />4. A hearing shall be held on the 31st day of July, 1979, <br />in the Lake Elmo Elementary School in the City of Lake Elmo <br />at 8:00 o'clock p.m. to pass on the proposed assessment and at <br />such time and place all persons owning property affected by such <br />improvement shall be given an opportunity to be heard with <br />reference to said assessment. <br />5. The City Clerk is hereby directed to cause notice <br />of the hearing on the proposed assessment to be given according <br />to law, in substantially the form annexed hereto as Exhibit "A". <br />Adopted by the City Council this Ird_ day of July, 1979. <br />ATTEST: <br />Laurence E. Whittaker <br />City Administrator <br />Thomas G. Armstrong, Mayor <br />-2- <br />