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(b} Equals or is less than the usual. percentage for overhead on <br />the increased in the project, a deficit assessment sha11 be levied under <br />Section 7.235 of the Eugene Code, 1971. <br />Section 6. Upon enactment of this ordinance, the City Finance officer <br />may send notice of the assessments to the owners of the assessed property and <br />receive applications under the Bancroft Bonding Act an the assessments herein <br />levied. <br />Section 7. This Ordinance shall be effective on the day upon which the <br />first partial payment is made to the contractor performing the contract identified <br />in Item 1 of the Recitals. <br />Passed by the City Council this <br />~~ day of ~~ ~~.,rri ~ 19 ~~ <br />~~~.City Recorder <br />Approved by the Mayor this <br />~~ day of IC~~/~m~i~ , 19c~~. <br />w.... . <br />Mayor <br />