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5.3 The sum assessed upon said property, the amount and <br />date from which interest accrues, and the date of entering the same <br />in the docket of City Liens. <br />Sect~,Qn 6. Upon enactment of this ordinance, the City Finance <br />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 Cade, 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 />~,~~ n 7. 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 />~~~tion .$. That the matters contained herein affect the public <br />welfare and safety and therefore, an emergency is hereby declared <br />to exist, and this ordinance shall become effective immediately <br />upon its passage by the City Council and approval by the Mayor, <br />retention by the Mayor for more than ten days, or readoption over <br />a mayoral veto by two-thirds of all members of the Council. <br />Passed by the City Council this <br />~~~~ <br />~ day of 1994 <br />City ecorder <br />Approved by the Mayor this <br />~~ <br />day of ~~ 1994 <br />~i~~~ ~~ ~~~/ <br />Mayor <br />4RDINAN~E - 4 <br />