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<br />2. It is hereby found and determined by this Council that <br />the foregoing amendment is just and equitable to said proposed <br /> <br />assessment, and necessary to a fair assessment for payment of the <br /> <br />cost of said improvement. <br /> <br />3. The payment of the first installment of the proposed <br />assessment in the total principal amount of $80,148.20 is <br /> <br />deferred for the following lot, piece and parcel of land: <br /> <br />Name and Address <br /> <br />J. A. Mertesdorg <br />2599 Lexington Av. <br />Roseville, MN 55113 <br /> <br />Description of <br />Property <br /> <br />SECTION 10 TOWN 29 <br />RANGE 23 EX PART <br />BEG AT INT OF E SEC <br />L & SLY L OF RR R/W <br />TH S ON SD SEe L 50 <br />FT TH W 750 FT TH N <br />95.82 FT TO SD RR <br />R/W L TH ELY TO BEG <br />& EX W 1482 FTj THE <br />FOLj THAT PART OF N <br />1/4 OF NE 1/4 SLY OF <br />SD RR R/W (SUBJ TO <br />RDS & ESMTS) IN SEC <br />10 TN 29 RN 23 <br /> <br />10-29-23-11-0003 <br /> <br />The deferment for that lot, piece or parcel of property shall <br /> <br />continue until such time as that lot, piece or parcel of property <br />is platted, or the property is rezoned to a use with the poten- <br /> <br />tial to use any of the improvements constructed as a part of <br /> <br />Improvement No. SS-W-P-85-7 or the property actually uses any of <br /> <br />the improvements constructed as a part of Improvement No. <br /> <br />SS-W-P-85-7, or the property is sold; provided that in no event <br /> <br />shall the payment be deferred beyond August 25, 2001. <br /> <br />-2- <br />