Resolution 0144 - Laserfiche WebLink

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4. In -accordauuce with said ordinance, it iu hereby Li mated that approximately $35 na r: ,000 principal amount of special assessments will be. levied upon properties within the area assessable for said irupxovemeuts hereto- fore established by the c•'_ solutions ordering the name, and ui L l be available for credit to the Improvement. Bond Redemption Fund after the cost .L' the improvement.. is paid in full; which a.:. essments will be paid in 10 equal •enntstl in.ata1!Jji :nts. to be spread upon the te.: rolls of the Village in eonaucuLivi- in 1964, with interest at the rate of 6%, per annum. To the tiz•;:t installment shall be added interest :-li the entire assessment on each property from the date: of adoption thereof until December 31 of the year in which the 'first installment is payable, and to each .ubsequent installment shall be added i'tlterr_wt for naae year'on the then unpaid balance of the assessment.; It is" estimated that the collections of said special assessments and all other asressmen:,a and taxes heretofore levied and api,ropriated to the Improvement Bond Rede lPtiinn Fund, wi produce at least five per cent in excess of the smaounts needed each year to meet when due the principal and interest payments on the bonds heroin authorized, ana on all other bonds of the Village payable from the Improvement pond Redemption Fund. All moneys collected therefrom shall be and are hereby appropriated to the funds of said improvements and to the Improvement Bond Redemption bond, and shall be accounted for and expended in the manlier provided in 'Drdinaunce No.. 66. The full faith and credit of the Village is also pledged for t5.c payment of said bonds and interest as provided in said ordinance. seconded by Member thereon, the following v: Led in favor thereof: Blanchard, itodjes, Sullivan, taustnd, La Vague and the following voted against the same: h' o ne: whereupon said resolution was declared duly passed and adopted. STATE OF MINNESOTA) COUNTY OF RAMSEY The motion for Lhe adc l,tion of the ioregoin c resnlul a roa was dui, 55. Blanchard and upon wote toin; taken I, the undersi,ned, being the duly qualified and acting Clerk of the Village of Nbunds View, Ramsey County, Minnesota, hereby certify that I have carefUl]y compared the attached and foregoing extract of minutes of a. meeting of the Village Council of said Village held on the date therein indicated with the original minutes of said meeting on file in my office, and that the same is a full, true and correct transcript insofar as said minutes relate to avardin the sale of $35,000 Water Improvement Bonds of 1964, authorising the issuance of said bonds, providing for the payment thereof by assessment:., and fixing the form and terms of said bonds. WITNESS my hand officially and the official seal_ of the Village this 13 day of January 1964. -3- /JG I r^ lam\ ,'JL.�'' P 1. r7 r v lase Clera