Ordinance No. 19502 - Laserfiche WebLink

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the initial assessment set forth. The Finance Officer shall give notice of the assessments to the owners of the assessed parcels advising them the assessment may be paid in full, without interest, within ten days of the date of adoption of this ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the respective lots, parts of lots or parse] s of 1 and against which said several amounts are assessed, and may be paid in,up to twenty equal semi-annual installments, including principal and interest at the rate of 10% per annum on the unpaid balance, provided no such installment is less than $25.00. The City Recorder is directed to enter in the docket of City Liens a statement i n connection with each unpaid assessment containing the following: 4.1 A description of each lot, part of lot ar acreage liable for such improvement; 4.2 The Warne of the owner or reputed owner thereof, that the name of the owner is unknown; and ~.3 The sum assessed upon said property, the amount and date from which interest accrues, and the date of entering the same in the Jacket of City Liens. Section 5. ~I~ Upon completion of the improvement project, the City Engineer shall determine the final cost of the improvement.. any special casts or costs of features,of the improvement that benefit a particular parcel of land in a manner peculiar to that parcel, together with its share of the overhead for the improvement shall be assessed to the benefitted parcel of land when adjusting the initial assessments. ORDINANCE - 4 ,+