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day period are declared to be liens upon the respective lots, parts of lots ar <br />parcels of 1 and against which said several amounts are assessed, and may be <br />paid in~up to twenty equal semi-annual installments, including principal and <br />interest at the rate of 1D~ per annum an the unpaid balance, pravi ded no such <br />installment is less than $25.oQ, The City Recorder is directed to enter in the <br />docket of City ~.iens a statement in connection with each unpaid assessment <br />containing the following: <br />4.1 A description of each lot, part of lot or acreage liable far <br />such improvement; <br />4.2 The name of the owner or reputed owner thereof, that the name of <br />the owner is unknown; and <br />4.3 The sum assessed upon said property, the amount and date from <br />which interest accrues, and the date of entering the same in the docket of <br />City Liens. <br />section 5, <br />~ 1 } Upon compl eti an of the improvement project, the City Engineer shat 1 <br />determine the final cast of the improvement. any special casts ar costs of <br />features of the improvement that benefit a particular parcel of land in a <br />manner peculiar to that parcel, together with its share of the overhead for the <br />improvement sha] 1 be assessed to the benef i tted parcel of land when adjusting <br />the initial assessments. <br />~z) 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 />shat l be entered as a credi t upon the appropriate assessment on the 1 i en <br />docket. 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 />oRDINA~ICE - 4 <br /> <br />