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Section 7. Any assessment remaining unpaid and for which no application for <br />installment payments has been received may be foreclosed as provided by law. The <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, engineering and <br />related expenses or which are used to retire any indebtedness incurred by the City for this <br />improvement. <br />Section 8. That the matters contained herein affect the public welfare and safety and <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 by <br />the Mayor, retention by the Mayor for more than ten days, or readoption over a mayoral <br />veto by two-thirds of all members of the Council. <br />Passed by the City Council this Approved by the Mayor this <br />.~- . <br />day of~ ~~ , ~~993 ay of , ~993~ <br />City Record - Mayor <br />ORDCNANCE - ~ <br />