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{b) Equals or is Tess than the usual percentage for overhead on <br />the increased in the project, a deficit assessment shall be levied under <br />Section 7.235 of the Eugene Code, 1971. <br />Section b. 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 Bond~.ng Act an the assessments herein <br />levied. <br />Section 7. This Ordinance shall be effective an 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 Approved by the Mayor this <br />~~day of M~y~ _~ _ 19 $l ~.3.~h day of May 19 $l . <br />,~~ <br />' t <br />City Recorder Mayor <br />