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assessment in installments according to the terms set forth in <br />Section 4 of this ordinance. <br />Section 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 fram 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 />Sectioa,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 the Mayor, <br />retention by the Mayor for more than ten days, or readoptian over <br />a mayoral veto by two-thirds of all members of the Council, <br />Passed by the City Council this <br />day o f ~y~g~,,,,,~.,~ -( 19 9 6 <br />City Recorder <br />Approved by the Mayor this <br />~G~day of ~ 1996 <br />~~ ~L.~~. J . ~~Z~ <br /> Mayor <br />ORDINANCE - 5 <br />