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Section 3. The City Council does hereby determine and assess <br />each lot and part of lot being within the described local improve- <br />meet district as set forth on the assessment roll attached as <br />Exhibit C hereto and incorporated herein by reference. <br />Section 4. The City Council does hereby determine that each <br />parcel of land or lot hereinabove described is specially benefitted <br />to the extent of the assessment set forth. The Finance officer <br />shall give notice of the assessments to the owners of the assessed <br />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 />4.1 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 120 monthly install- <br />ments, 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 />ORDINANCE ~ 3 <br />