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Page 25 <br />EXHIBIT "B" <br />EXAMPLE OF IMPROVEMENT SCHEDULE <br />1. The financing of public improvements in existing developed areas shall be in <br />accordance with Chapter 429 of the Minnesota Statutes and the Mounds <br />View City Charter. The following is a summary of the steps required under <br />these laws: <br />A. Initiation of proceedings either by Council or petition of affected <br />property owners. <br />B. Preparation of a feasibility report. <br />C. Public hearing on proposed improvement. <br />D. Ordering of Improvement and preparation of plans. <br />E. Award of contract. <br />F. Issuance of bonds to finance the improvement. <br />G. Performance of work under contract. <br />H. Levy of special assessments after public hearing on proposed <br />assessments. <br />