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operating revenues and after reduction of the original assessment <br />shall be returned to the person or the person's legal re resentative <br />p , <br />who made the last payment prior to the. satisfaction of the on final <br />9 <br />assessment, <br />Section 6. That notice of the adjustments and the dis osit-` <br />p <br />ion of each original assessment for each lot, art of lot or <br />A <br />parcel of land shall be given to the resent own <br />p ers as shown <br />on the latest Lane County property tax records or as determined <br />by the City Finance 4f f ice with information to the contrar , to all <br />Y <br />persons or their legal representatives to receive a distribution <br />hereunder, and to all others making an appearance in erson or in <br />p <br />writing at the public hearing before the Council on the on final <br />g <br />assessment adjustment. <br />Section 7. The app 1 i cat i on of the Ove rpark' s annual net <br />operating revenue, the adjustment of assessments authorized b <br />Y <br />this Ordinance, and the application of overpaid princi al to an <br />A y <br />unpaid assessment does not cure any delinquency on any Over ark <br />p <br />assessment account remaining with an unpaid principal balance <br />after the adjustment and applications are made , As soon as an -~ - <br />installment payment on such an account has been Jelin vent a <br />q <br />year, the City may commence foreclosure of its lien. <br />Section 8. That the matters contained herein concern the <br />public welfare, and in order to insure the orderl im lementation <br />Y p <br />of the adjustments provided for herein an emer enc is hereb <br />g Y Y <br />declared to exist, and this Ordinance shall become effective <br />7 -- Ordinance <br />