Laserfiche WebLink
<br />Section 6. Upon enactment of this ordinance, the City Finance Officer shall send notice <br />of the assessments by first class mail to the owners of the assessed parcels containing the <br />information required by EC 7.190 and enclose therewith an application for paying the assessment <br />in installments according to the terms set forth in Section 4 of this ordinance. <br /> <br />Section 7. Any assessment remaining unpaid and for which no application for <br />installment paYments has been received may be foreclosed as provided by law. The proceeds <br />from the paYment or foreclosure of assessments levied by this ordinance shall be deposited to the <br />city funds which advanced the cost of construction, engineering and related expenses or which <br />are used to retire any indebtedness incurred by the City for this improvement. <br /> <br />Section 8. An immediate effective date of this Ordinance is necessary to allow the City <br />to begin immediate collection of the assessments that will be used to pay the obligations the City <br />has incurred for this project. Enabling the City to begin collecting assessments will avoid <br />increased interest costs and conserve limited City resources. Therefore, this Ordinance shall <br />become effective immediately upon its passage by the City Council and approval by the Mayor, <br />retention by the Mayor for more than ten days, or re-adoption over a Mayoral veto by two-thirds <br />of all members of the City Council. <br /> <br />Passed by the City Council this <br /> <br />Approved by the Mayor this <br /> <br />8th day of December, 2008 <br /> <br />~ day of December, 2008 <br /> <br />ll4!~~~~ <br />Ci' Recorder <br /> <br />A~ r~ <br /> <br />ayor <br /> <br />Ordinance - Page 3 of 3 <br />