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proportion to the St. Louis County Assessor's valuation of the land and <br />improvements of the individual properties listed in Exhibit "B" attached hereto and <br />by reference made a part hereof. All other real property within the general <br />boundaries set out in paragraph 7, but not listed in Exhibit "B," shall not be part of <br />the proposed neighborhood improvement district. <br /> <br />9. The proposed improvement is advisable, necessary and in the public interest. <br /> <br /> BE IT FURTHER RESOLVED: That the final cost of the proposed improvement assessed <br />against the real property within the proposed neighborhood improvement district and the amount of <br />any general obligation bonds issued therefore shall not, without a new petition or election, exceed <br />the estimated cost of such improvement by more than twenty-five percent. <br /> <br /> BE IT ADDITIONALLY RESOLVED: That the proposed neighborhood improvement <br />district is hereby established. Preliminary plans and specifications for the proposed improvement <br />are hereby ordered to be made. <br /> <br />Motion seconded by Councilmember '~~d~"~ and carried. <br /> <br />Adopted this ,-~ day of January, 1998. <br /> <br />I hereby certify that the above is a true excerpt from the minutes of the meeting of the City Council <br />held on the <br /> <br />day of January, 1998. <br /> <br />CITY CLERK <br /> <br /> <br />