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SECTION 12. The City Council of the City of Mounds View hereby amends Title 200, Chapter <br />202, Section 203.07, Subdivision 5(d) of the Mounds View Municipal Code by adding the <br />double -underlined material and deleting the stricleen material as follows: <br />d. The SWM charge shall be as follows: set forth in the City's fee schedule. <br />Property Zoned <br />PAITif 2 <br />R4 <br />$ 202- p t <br />R2 <br />989.00 per lot <br />R <br />nen n <br />R n> n c> n n> n r n n <br />i�,9mAAnn-per-aere <br />>n >n <br />ands 1 <br />SECTION 13. The City Council of the City of Mounds View hereby amends Title 200, Chapter <br />202, Section 203.08, Subdivision 3(f) of the Mounds View Municipal Code by adding the <br />double -underlined material and deleting the stricken material as follows: <br />f. This Fund may also be used to pay the bond service charges of the paying agents of <br />the bonds which were formerly accounted for in the Irnprove. ent Rood Rede .ptie <br />Debt Service Fund and which were defeased on January 18, 1984. <br />SECTION 14. The City Council of the City of Mounds View hereby amends Title 200, Chapter <br />202, Section 203.08, Subdivision 4 of the Mounds View Municipal Code by adding the double - <br />underlined material and deleting the stricken material as follows: <br />Subd. 4. Funds to be Deposited: There shall be deposited in said Fund the initial sum of <br />eight hundred fifty three thousand four hundred fifty nine dollars ($853,459.00) which represents <br />the cash balance remaining in the Improvement Bond Rodesptio Debt Service Fund after the <br />cash defeasance of the Fund's outstanding bonds. The special assessments receivable of the <br />improvement Bond Redemption Debt Service Fund shall be transferred to said Fund, and <br />hereafter, all future payments of principal and interest on those assessments shall be deposited in <br />the Fund. There may also be deposited in said Fund such other monies as may be directed by the <br />Council. <br />SECTION 15. In accordance with Section 3.07 of the City Charter, City staff shall have the <br />following summary printed in the official City newspaper in lieu of the complete ordinance: <br />On June 25, 2018, the City Council adopted Ordinance 944 that arnends Title 200, <br />Chapters 202 and 203 of the Mounds View City Code. The purpose of the amendment <br />was to update certain technical provisions contained in the aforementioned chapters and <br />remove and amend outdated language. <br />523066vl DTA MU210-54 9 <br />