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Section 7. Any assessment remaining unpaid and for which no ap lication for <br />p <br />installment payments has been received may be foreclosed as provided b law. The <br />Y <br />proceeds from the payment or foreclosure of assessments levied by this ordinance shall <br />be deposited to the city funds which advanced the cost of construction, en ineerin and <br />9 g <br />related expenses or which are used to retire any indebtedness incurred b the Cit for this <br />Y Y <br />improvement. <br />Section S. That the matters contained herein affect the public welfare and safet and <br />Y <br />therefore, an emergency is hereby declared to exist, and this ordinance shall become <br />effective immediately upon its passage by the City Council and approval b <br />Y <br />the Mayor, retention by the Mayor for more than ten days, or readoptian over a ma oral <br />Y <br />veto by two-thirds of all members of the Council. <br />Passed by the City Council this <br />~~day of ~~,,-~ 1993 <br />~+ , r <br />City Recorder <br />398,723.62 <br />Approved by the Mayor this <br />,~ay of , 1993 <br />G~ <br />~~~~~ <br />Mayor <br />ORDINANCE - 4 <br />