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. . . 2 has been duly calculated upon the basis of benefits, without regard to cash valuation, in accordance with the provisions of Minnesota Statutes, Chapter 429, as amended, and notice has been duly mailed and published, as required by law, that this Council would meet to hear, consider and pass upon all objec- tions, if any, and said proposed assessment has at all times since its filing been open for public inspection, and an oppor-, tunity has been given to all interested persons to present their objections, if any, to such proposed assessments. 2. This Council, having heard and considered all objec- tions so presented, and being fully advised in the premises, finds that each of the lots, pieces and parcels of land enumer- ated in the proposed assessment was and is specially benefited by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land, respectively, and such amount so set out is hereby levied against each of the respec- tive lots, pieces and parcels of land therein. 3. The proposed assessments are hereby adopted and con- firmed as the proper special assessments for each, of' 'said lots, pieces and parcels of land, respectively, and the assessment against each,parcel, together with interest at the rate of 8% per annum accruing on the full amount thereof from time to time unpaid, shall be a lien concurrent with general taxes upon such parcel and all thereof. The total amount of each such assess- ment shall be payable in equal annual principal installments extending over a period of twenty (20) years, the first of said installments, together with interest on the entire assess- ment from the date hereof to December 3l, 1980, to be payable with general taxes for the year 1979, collectible in 1980, and one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, to be payable with general taxes for each consecutive year there- after until the entire assessment is paid. 4. Prior to certification of the assessment to the County Auditor, the owner of any lot, piece or parcel of land assessed hereby may at any time pay the whole or at least 50% of such assessment, with interest to the date of payment,'. to the City Treasurer, but no interest shall be charged if such payment is made within 30 days after the date of this resolution. 5. The City Clerk Administrator shall, as soon as may be, prepare and transmit to the County Auditor a certified duplicate of the assessment roll, with each installment and interest on each unpaid assessment set forth separately, to be extended