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Section 7. Any assessment remaining unpaid and for which no application <br />for installment payments has been received may be foreclosed as provided by 1 aw. <br />The proceeds from the payment or foreclosure of assessments levied by this <br />ordinance shall be deposited to the city funds which advanced the cost of <br />construction, engineering and related expenses or which are used to retire any <br />indebtedness incurred by the City for this improvement. <br />Section S. That the matters contained herein affect the publ i c welfare <br />and safety and therefore, an emergency is hereby declared to exist, and this <br />ordinance shall become effective immediately upon its passage by the City <br />r <br />Council and approval by the Mayor, retention by the Mayor for mare than ten <br />days, or readoption over a mayoral veto by two thirds of all members of the <br />Council. <br />Passed by the City Council this <br />day of 199 <br />~"'." l/' <br />City Rec er <br />Approved by the Mayor this <br />day of 199 ~ <br />~~ <br />Mayor <br />oR~~NANCE ~ 5 <br />