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~2) When the final costs of the improvement are less that the total <br />initial assessments the Council shall ascertain and declare the excess, which <br />shall be entered as a credit upon the appropriate assessment on the lien <br />dac~Cet. If an assessment has been paid, the excess shall be repaid to the <br />owner of the parcel at the time the excess is declared. <br />~3) When the final costs of the improvement are more than the total <br />initial assessments, the Council may declare the deficit by motion and: <br />~ a) Determine that the cost of prepari ng ~ a proposed deficit assess- <br />ment is not justified and authorize the expenditure of City funds to pay <br />the deficit; or <br />fib) Prepare a proposed deficit assessment. <br />Section 6. Upon enactment of this ordinance, the city Finance Officer <br />shall send notice of the assessments by first class to the owners of the <br />assessed parcels containing the information required by Section 1'.I90 of the <br />Eugene Code, 197I, and enclose therewith an application for paying the assess- <br />ment i n installments according to the terms set forth i n Section 4 of thi s <br />ordinance. ~~ <br />Section 1. This Ordinance shall be effective on the day upon which the <br />first partial payment is made to the contractor performing the contract <br />identified in Item 1 of the findings. <br />Passed by the City Council this <br />~~~day of,f 1982 <br />ty Recorder <br />Approved by the Mayor this <br />~~`~day of~ 1982 <br />~. <br />Mayor <br />lre:ordinan~.l <br />ORDINANCE - 5 <br />._~~.__.~.~._~_r.____~~.~~~.___.~..emm.w~.-_~._,__,n._.~..~._µ.~...w...~...____~~~___~~me__e.~.._~____r _.~....~m_.n~...~._...~_.~~.m..m.~~~..,_.p.,~...~m~~~._....,.,..~.~,.mm.,.....~.,,..W.M~..~_..r..~__..~m.,.~...H.~_.~Y....~._M.,~ <br />.. <br />,. , <br />