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Sec~„,Qr~. 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. 7.194 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 />Sect~r~,,~ 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 far this improvement. <br />~,„i n .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 aver <br />a mayoral veto by two--thirds of all members of the Council. <br />Passed by the City Council this Approved by the Mayor this <br />~~ day of w 1995 day of 1995 <br />~-- <br />~ ~~ <br />City R corder Mayor <br />~RD ~ NANCE - 4 <br />