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. I . .s. After a discussion of the views presented by the affected property owners, Councilman Crl~hton then introduced the following resolution and moved its adoption: Resolution No. 75-24 RESOLUTION ADOPTING AND CONFIimING ASSESSMENTS FOR NtJRSERll HILL PLAT IMPROVEMENT OF 1974 BE IT RESOLVED by the City Council of the City of Arden Hills, Minnesota, as follows: 1. The amount proper and necessary to be specially assessed at this time for Nursery Hill Plat Improvement of 1974 against every assessable lot, piece or parcel of land affected thereby 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 bas at all times since its filing been open for public inspection, and an oppor- tunity bas 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 enumerated in the proposed assessment was and is specially benefitted 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 respective lots, pieces and parcels of land therein. 3. The proposed assessments are hereby adopted and con- fi~ed 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 assessment from the date hereof to December 31, 1976, to be payable with general taxes for the year 1975, collectible in 1976, and one