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Avenue i s $1, 260, 013.75 which i s hereby assessed against the parcels of <br />property hereinafter described in the amounts set opposite, respectively. <br />Section 3. The City Council does hereby determine and assess each lot <br />and part of lot being within the described local improvement district as set <br />forth on the assessment roll attached as Exhibit C hereto and incorporated <br />herein by reference. <br />Section 4. The City Cauncil does hereby determine that each parcel of <br />land or lot hereinabove described is specially benefitted to the extent of the <br />assessment set forth. The Finance officer shall give notice of the assess- <br />ments to the owners of the assessed parcels advising them the assessment may <br />be paid in full, without interest, within ten days of the date of adoption of <br />this ordinance. Assessments that remain unpaid after the ten day period are <br />declared to be liens upon the respective lots, parts of ]ots or parcels of <br />land against which said several amounts are assessed, and may be paid in up to <br />twenty semi-installments, including principal and interest at the rate set by <br />the City Manager as provided in Sectian 2.022 thru 2.024 of the Eugene Code. <br />The City Recorder i s directed tv enter i n the docket of City Li ens a statement <br />in connection with each unpaid assessment containing the following: <br />4.~ A description of each lot, part of lot or acreage specially <br />benefitted by the local improvement; <br />4.2 The name of the owner or reputed owner thereof, that the name <br />of the owner is unknown; and <br />4.3 The sum assessed upon said property, the amount and date from <br />which interest accrues, and the date of entering the same in the docket <br />of City Liens. <br />Sectian 5. Upon enactment of this ordinance, the City Finance <br />ORDNANCE - 3 <br />