Ordinance No. 19757 - Laserfiche WebLink

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~; administrative convenience and has no relation to the manner in which costs are to be assessed to individual specially benefitted properties within this local improvement district. Section 3. The City Council does hereby determine and assess each parcel of land and lot being within the described local improvement district as set forth on the assessment roll attached as Exhibit C hereto and incorporated herein by reference. Section 4. The City Council does hereby determine that each parcel of land or lot hereinabove described is specially benef fitted to the extent of the assessment set forth. The Finance officer shall give notice of the assessments to the owners of the assessed parcels and lots advising them the assessment may be paid in full, without interest, within ten days of the effective date of this ordinance. Assessments that remain unpaid after the ten da eriod Yp are declared to be liens upon the respective lots or parcels of land against which said several amounts are assessed, and ma be Y paid, with interest on the unpaid principal amount cammencin ten g days after the adoption of this ordinance: 4.1 in up to twenty semi-annual installments, includin g principal and interest at the rate set by the Cit Mana er as Y g provided in E.C. 2.022 through 2.024; or 4.2 if the property owner so elects, in 120 monthl Y installments, including principal and interest at the.rate set b Y the City Manager as provided in E.C. 2.022 throw h 2.024 lus a g p service charge to be determined b the Cit Mana er as r ' Y Y g p ovlded in E.c. 2.020. ordinance - 5