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Section 5. 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 E.C. 7.190 and enclose therewith an application for paying the <br />assessment in installments according to the terms set forth in <br />Section 4 of this ordinance. <br />Sec~,ion 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 />Section 8. 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 <br />the Mayor, retention by the Mayor for more than ten days, or <br />readoption over a mayoral veto by two-thirds of all members of the <br />Council. <br />Passed by the City Council this Approved by the Mayor this <br />~~ <br />~~ day o f ~~ , 19 9 5 ~ day o f 19 9 5 <br />L.... <br />City ecorder Mayor <br />DRD ~ NANCE - 4 <br />