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EXTRACT OF MINUTES OF MEETING OF CITY COUNCIL CITY OF ROSEVILLE RAMSEY COUNTY, MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Roseville, County of Ramsey, State of Minnesota, was duly held in the City Hall on Monday, the twenty-fifth day of March, 1996, at 7:00 o'clock p.m. The following members were present: Maschka, Mastel, Wiski, Goedeke, and Wall and the following were absent: None. Councilmember Wall introduced the following resolution and moved its adoption: RESOLUTION NO. 9284 WHEREAS, Independent School District No. 623 (hereinafter "School District") is the sole owner of the following described real property situated in the City of Rose vi lie, described as follows: PIN 12-29-23-23-0030 WHEREAS, the School has petitioned for certain improvements to said property pursuant to Minn. Stat. §429; and WHEREAS, the City ofRoseville and the School District have entered into an agreement whereby it was agreed that the cost of the improvements is $191,000.00, and further have agreed that the entire cost of$191,000.00 shall be levied against said property and the School District. NOW, THEREFORE, IT IS RESOLVED, by the City Council of the City of Roseville as follows: 1 . That such proposed assessment, a copy of which is attached hereto and made a part hereof is hereby accepted and shall constitute the special assessment against the property named therein. 2. Such assessment shall be payable in five equal annual installments, the first installment due on May}, 1996 Subsequent installments will be due May 1, 1997, May 1, 1998, May I, 1999, and May I, 2000. Interest shall accrue on the unpaid balance at the minimum rate of 8% compounded monthly. 3. The School District at any time prior to certification of the assessment to the county auditor, may pay the whole of the assessment on such property, with interest accrued to the date of payment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within 30 days from the adoption of this resolution; and the School District may at any time thereafter pay to the City treasurer the entire amount of the assessment remaining unpaid, with interest accrued.