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THE CITY OF EUGENE DIES ORDAIN AS F~LL~WS: <br />Section 1. The Summary of the hearing conducted by the hearings official are hereby made a part <br />of the Council's record in these proceedings, and the hearings official's findings, including those <br />regarding compliance with Sections 7.160 to 7.190 of the Eugene Code,1971, attached hereto as Exhibit <br />Band incorporated herein by reference, are hereby adopted. <br />Section 2. The actual cost of the local improvement comprising of sanitary sewers to serve Field <br />of Dreams Subdivision is $SO,S45.52 is hereby assessed against the parcels of property hereinafter <br />described in the amounts set opposite, respectively. <br />Section 3. The City Council does hereby determine and assess each lot and part of lot being <br />within the described local improvement district as set forth on the assessment roll attached as Exhibit C <br />hereto and incorporated herein by reference. <br />Section 4. The City Council does hereby determine that each parcel of land or lot herein above <br />described is specially benefitted to the extent of the assessment set forth. The Finance officer shall give <br />notice of the assessments to the owners of the assessed parcels advising them the assessment may be paid <br />in full, without interest, within ten days of the effective date of this ordinance. Assessments that remain <br />unpaid after the ten day period are declared to be liens upon the respective lots, parts of lots or parcels <br />of land against which said several amounts are assessed, and may be paid, with interest on the unpaid <br />principal amount commencing ten days after the effected date of this ordinance: <br />4.1 In up to twenty semi-annual installments, including principal and interest at the rate set by the City <br />Manager as provided in E.C. 2.422 through 2.024, <br />4.2 If the property owner so elects, in 120 monthly installments, including principal and interest at <br />the rate set by the City Manager as provided in E.C. 2.022 through 2.024 plus a service charge to be <br />ORDINANCE - Z <br />