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EXTRACT OF MINUTES OF MEETING <br />OF THE VILLAGE COUNCIL OF THE <br />VILLAGE OF MOUNDS VIEW, MINNESOTA <br />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 <br />Red Oak School <br />in said Village on the 22 day of May <br />1961 at 8:05 p.m. with the following members present: A•Crane, <br />LoBlanchard, P,Malvin, M•Christensen, and D.Hodges <br />and the following members absent: none <br />Member <br />its adoption: <br />Crane <br />introduced the following resolution and moved <br />' <br />A RESOLUTION MODIFYING ASSESSMENTS FOR WATER MAIN IMPROVEMENT. <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 modifications <br />and divisions, a copy of which is attached hereto and made a part hereof, <br />is hereby accepted and shall constitute the special assessment against the <br />lands named therein, and each tract of land therein included is hereby found <br />to be benefited by the proposed improvement in the amount of the assessment <br />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 to <br />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, <br />to the Village Treasurer, except that no interest shall be charged if the <br />entire assessment is paid within 30 days from the adoption of this resolution; <br />and he may, at any time thereafter, pay to the county treasurer the entire <br />amount of the assessment remaining unpaid, with interest accrued to December 31 <br />