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Officer shall send notice of the assessments by first class to the <br />owners of the assessed parcels containing the information required <br />by Section 7.190 of the Eugene Code, 1971, and enclose therewith an <br />application for paying the assessment in installments according to <br />the terms set forth in Section 4 of this ordinance. <br />Section 7. The assessments levied herein are characterized <br />for purposes of the property tax 1 imitation in section 11b, Art . xI <br />of the Oregon Constitution as assessments for a local improvement <br />not subject to the limitation of $10 per thousand of real market <br />value. <br />Section 8. Any assessment remaining unpaid and for which no <br />application for installment payments has been received may be <br />foreclosed as provided by law. The proceeds from the payment or <br />foreclosure of assessments levied by this ordinance shall be <br />deposited to the city funds which advanced the cost of construc- <br />tion, engineering and related expenses or which are used to retire <br />any indebtedness incurred by the City for this improvement. <br />Seotion 9, That the matters contained herein affect the <br />public welfare and safety and therefore, an emergency is hereb <br />Y <br />declared to exist, and this ordinance shall become effective <br />immediately upon its passage by the City Council and ap royal b <br />p Y <br />the Mayor, retention by the Mayor for more than ten days, or <br />readvption over a mayoral veto by two_thirds of all members of the <br />Council. <br />ORDINANCE - 4 <br />