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and the City Council will forthwith do all' further acts and take all further proceedings as may be required by law to make the assessments a valid and binding lien upon such property. It is hereby determined that the assessments shall be payable in equal, consecutive installments of principal, with interest on the declining balance, with general taxes for the years shown below and with interest on the declining balance of all such assessments at a rate per annum not greater than the maximum permitted by law and not less than 7 . 002c per annum: Improvement Levy Collection Designation Amount Years Years 2000-1&2 General Sieben $213 , 966 2001-2010 2002-2011 Drive and 4th Street 2000-3 6th & 7th Streets 82, 629 2001-2010 2002-2011 2000-4 Featherstone Road 626, 592 2001-2010 2002-2011 2000-5 17th Street 224 , 324 2001-2010 2002-2011 2000-6 10th Street - Ashland 59, 781 2001-2010 2002-2011 to Pine 2000-7 9th Street 82, 357 2001-2010 2002-2011 2000-8 Forest Street 16, 309 2001-2010 2002-2011 2000-9 10th Street - Highway 107, 085 2001-2010 2002-2011 61 to Ashland • 1999-20 Highway 55 278, 929 2000-2009 2001-2010 1998 Additional 130, 000 2000-2009 2001-2010 Improvements Riverfront/Lock 188, 000 2000-2009 2001-2010 At the time the assessments are in fact levied the City Council shall, based on the then-current estimated collections of the assessments, make any adjustments in any ad valorem taxes required to be levied in order to assure that the City continues to be in compliance with Minnesota Statutes, Section 475 . 61, Subdivision 1 . 17 . Tax Levy: Coverage Test . To provide moneys for payment of the principal and interest on the Bonds there is hereby levied upon all of the taxable property in the City a direct annual ad valorem tax which shall be spread upon the tax rolls and collected with and as part of other general property taxes in the City for the years and in the amounts as follows : 1194249.1 23