Ordinance No. 19875 - Laserfiche WebLink

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Section 4. The City Council does hereby determine that each parcel of land or lot hereinabove described is specially benefitted to the extent of the assessment set forth. The Finance officer shall give notice of the assessments to the owners of the assessed parcels advising them the assessment may be paid in full, without interest, within ten days of the effective date of this ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the respective lots, parts of lots or parcels of land against which said several amounts are assessed, and may be paid, with interest on the unpaid principal amount commencing ten days after the effect date of this ordinance: J 4.1 In up to twenty semi-annual installments, including ,principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.424. 4.2 If the property owner so elects, in 120 monthly install- meats, including principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.024 plus a service charge to be determined by the City Manager as provided in E.C. 2.020. Section 5. The City Recorder is directed to enter in the docket of City Liens a statement in connection with each unpaid assessment containing the following: 5.1 Acd~ption of each lot, part~of lot or acreage specially benefitted by the local improvement; aRDINANCE - 4