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Ask by the City or this Council or any of the City officers or employees, either in the making of the assessments or in the performance of any condition precedent thereto, the City and ( this Council will forthwith do all further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. Said assessments have not heretofore been authorized, and accordingly, for purposes of Minnesota Statutes, Section 475.55, Subdivision 3, said special assessments are hereby authorized. Subject to such adjustments as are required by conditions in existence at the time the assessments are levied, said assessments are hereby authorized and it is hereby determined that the assessments shall be payable in equal, consecutive, annual installments, with general taxes for the years shown below and with interest on the declining balance of all such assessments at a rate per annum not greater than the maximum permitted by .law and not less than 9�pQ �$ per annum; Improvement newnation Amount Levy Years General Obligation Improvement $140,000 1984-85 Bonds of 1983 At the time the assessments are in fact levied the City Council shall, based on the then current estimat.ed.col- lections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order' to assure that the City continues to be in compliance with Minnesota Statutes, Section 475.61, Subdivision 1. 10. To provide moneys for payment of the principal and interest oil the bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of, other general property taxes in the City for the year and ill the amount as follows Year of Tax Year of Tax Levy _ Collection Amount 1983 1984 $ 67,000 1984 1985 69,000