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Pursuant to due call and notice thereof, a regular meeting of the <br />Village Council of the Village of Mounds View, Minnesota was held at the Village <br />Hall in said Village on the 28th day of May 1962 at 8:00 p.m. with the following <br />members present: Crane, Blanchard, Hodges, Malvin, and Sullivan <br />and the following members absent: <br />EXTRACT OF MINUTES OF MEETING <br />OF THE VILLAGE COUNCIL CF THE <br />VILLAGE OF MOUNDS VIEN, MINNESOTA <br />Member Blanchard introduced the following resolution and <br />moved its adoptions <br />106 A RESOLUTION ACIDIFYING ASSESSMENTS FOR AREA WATER, LATERAL <br />WATER, WATER SERVICE, AND WATER MAIN 60 -3. <br />WHEREAS, The Village Council has determined that certain assessments <br />are to be modified or divided, <br />NOW, THEREFORE, BE IT RESOLVED, That the following list of <br />modifications, corrections, and divisions, a copy of which is attached hereto <br />and made a part hereof, is hereby accepted and shall constitute the special <br />assessment against the lands named therein, and each tract of land therein <br />included is hereby found to be benefited by the proposed improvement in the <br />amount of the assessment levied against it. <br />2. Such assessment shall be payable in equal annual installments <br />extending over a period of fifteen years, the first of the installments to be <br />payable on or after the first Monday in January, 1961 and shall bear interest <br />at the rate of 6 per cent per annum from the date of the adoption of this <br />assessment resolution. To the first installment shall be added interest on the <br />entire assessment from the date of this resolution until December 31, 1961. To <br />each subsequent installment when due shall be added interest for one year on all <br />unpaid installments. <br />3. The owner of any property so assessed may, at any time prior <br />to certification of the assessment to the county auditor, pay the whole of the <br />assessment on such property, with interest accrued to the date of payment, to <br />the Village Treasurer, except that no interest shall be charged if the <br />ontire assessment is paid within 30 days from the adoption of this resolution; <br />