CC RES 68-045 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF ASSESSMENT ROLLS STREET IMPROVEMENTS 1968- 1, 1968- 2, 1968- 5; STORM SEWER IMPROVEMENT RAMSEY COUNTY DITCH # 2, # 3

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the amount shown hereon in lawful money of the United States of America for interest then due on its Improvement Bond of 1965, dated October 1 , 1968, No. (Facsimile signature) (Facsimile signature ) Village Manager Mayor (Coupons numbered 21 and upward shall also include the phrase: "Unless the bond described below is called for earlier redemption".) (Form of certificate to be printed on the reverse side of each bond, X ollowing a full copy of the legal opinion on the issue) We certify that the above is a full, true and correct copy of the legal opinion rendered by bond counsel on the issue of bonds of the Village of St. Anthony, Minnesota, which includes the within bond, dated as of the date of delivery of and payment for the bonds. (Facsimile signature ) (Facsimile signature) Village Manager Mayor 4. Said bonds shall be prepared under the direction of the Village Clerk and shall be executed on behalf of the Village by the facsimile signature of the Mayor, attested by the manual signature of the Manager and the corporate seat shall be affixed thereto, and the interest coupons attached to said bonds and the certifi - cate on the reverse side thereof shall be executed and authenticated by the printed, engraved or lithographed facsimile signatures of said Mayor and Manager. then said bonds have been so executed and authenticated, they shall be delivered by the Trea- surer to the purchaser thereof upon payment of the purchase price in accordance with the contract of sate heretofore made and executed, and said purchaser shall not be obligated to see to the application of the purchase price; provided that $3,535.20 or the purchase price and all accrued interest paid to date of delivery shall be paid into and remain in the Improvement Bond Redemption Fund hereinafter referred to. 5. This body has heretofore by Ordinance No. 59 duly created an Improve- ment riond Redemption Fund the provisions of which are applicable to these bonds as well as all other bonds issued pursuant to Chapter 429, Minnesota Statutes 1961 . There is hereby created or there has heretofore been created a special fund for each of the improvements listed paragraph 1 of the resolution adopted by this Council on August 19, 1965, entitled "Resolution Calling for the Public Sale of $960,000 Improvement Bonds of 196011, which funds shall be or are in the form "Fund for Improvement No. "; special assessments and taxes levied, and to be levied, with respect to each such improvement shall be credited to its im- provement fund as needed until the cost of such improvement shall have been fully paid. Out of the proceeds of the bonds issued hereunder there shall also be crediteC to such accounts such sums as are necessary, when combined with available funds from other sources, to pay the cost of each of said improvements. The fund of each im- provement shall be used solely to pay the cost and expenses of the making thereof, as such expenses are incurred and allowed, provided that excess sums, if any, in said accounts may be transferred in accord with the provisions of Ordinance No. 59. 6. The Village hereby covenants and agrees that it has done or will do and perform all acts and things necessary for the final and valid levy of special • assessments for the payment of the cost of each of said improvements, in no case les- then 100 % of the cost of the improvement to the Village, and all such assessments shall be or have been made payable in 10 equal installments except Improvement No. 1968-4, the assessments for which will be payable in 20 installments, and inter- est on the unpaid installments for all improvements will be payable at the rate of