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Section 4. The City Counci 1 does hereby determine that each parcel of 1 and <br />or 1 of herei nabove described i s specially benefitted to the extent of the <br />assessment set forth . The Finance Dffi cer shal 1 give notice of the assessments <br />to the owners of the assessed parcels advising them the assessment may be pai d <br />i n full , without interest , within ten days of the effective date of thi s <br />ordinance . Assessments that remain unpaid after the ten day period are declared <br />to be 1 i ens upon the respective 1 ots , parts of 1 ots or parcels of 1 and against <br />which said several amounts are assessed, and may be paid, with interest on the <br />unpaid pri nci pal amount commencing ten days after the effected date of thi s <br />ordinance <br />4 . ~ Tn up to twenty semi -annua 1 i nsta 11 meets , including pri nci pa 1 and <br />interest at the rate set by the City Manager as provided i n E , C . Z . OZZ through <br />Z. oZ4. <br />4 . Z ~ f the property owner so elects , i n 1Z0 monthly i nsta 11 meets , <br />including pri nci pa 1 and interest at the rate set by the City Manager as provided <br />in E.C. 2.022 through 2.024 plus a service charge to be determined by the City <br />Manager as provided i n E . C . Z . OZO . <br />Sects on 5 . The City Recorder i s directed to enter i n the docket of City <br />Li ens a statement i n connection with each unpaid assessment containing the <br />following: <br />5.1 A description of each lot, part of lot or acreage specially benefitted <br />by the local improvement; <br />ORDINANCE - 3 <br />