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parcels advising them the assessment may be paid in full, without <br />interest, within ten days of the effective date of this ordinance. <br />Assessments that remain unpaid after the ten day period are <br />declared to be liens upon the respective lots, parts of lots or <br />parcels of land against which said several amounts are assessed, <br />and may be paid, with interest on the unpaid principal amount <br />commencing ten days after the effected date of this ordinance; <br />4.l In up to twenty semi-annual installments, including <br />principal and interest at the rate set by the City Manager as <br />provided in E.C. 2.022 through 2.024. <br />4.2 If the property owner so elects, in l20 monthly install- <br />meats, including principal and interest at the rate set by the City <br />Manager as provided in E.C. 2.022 through 2.024 plus a service <br />charge to be determined by the City Manager as provided in E.C. <br />2.020. <br />~~~~ion 5. The City Recorder is directed to enter in the docket <br />of City Liens a statement in connection with each unpaid assessment <br />containing the following: <br />5.1 A description of each lot, part of lot or acreage <br />specially benefitted by the local improvement; <br />5.2 The name of the owner or reputed owner thereof, that <br />the name of the owner is unknown; and <br />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 />Section 6. Upon enactment of this ordinance, the City Finance <br />ORDINANCE - 3 <br />