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and the following members absent: Member introduced the following resolution and moved EXTRACT OF MINUTES OF MEETING OF THE VILLAGE COUNCIL OF THE VILLAGE OF MOUNDS VIEW, MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the Village Council of the Village of Mounds View, Minnesota was held at the Village Hall in said Village on the 26th day of March at 8:00 p.m. with the following members present: Co w1 r J I N(' h K,. f �y rcri cue.. 3 1 1'Qi w.. 99 i I ti n its adoption: 497 A RESOLUTION MODIFYING ASSESSMENTS FOR AREA WATER AND WATER MAIN 60 -3. WHEREAS_ The Village Council has determined that certain assessments are to be modified or divided, NOW, THEREFORE, BE IT RESOLVED, That the following list of modifications and divisions, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein, and each tract of land therein included is hereby found to be benefited by the proposed improvement in the amount of the assessment levied against it. 2. Such assessment shall be payable in equal annual installments extending over a period of fifteen years, the first of the installments to be payab e on or after the first Monday in January, 1961 and shall bear interest at the rate of 6 per cent per annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1961. To each subsequent installment when due shall be added interest for one year on all unpaid installments'. 3. The owner of any property so assessed may, at any time prior to certification of the assessment b the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of payment, to the Village Treasurer, except that no interest shall be charged in the entire assessment is paid within 30 days from the adoption of this resolution;