Ordinance No. 19508 - Laserfiche WebLink

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,~ declared to be liens upon the respective lots, parts of cats or parcels of land 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 an the unpaid balance, provided na such installment is less than $25.00, The City Retarder is directed to enter in the docket of City Liens a statement in connection with each unpaid assessment containing the fallowing; 4.1 A description of each lot, part of lot or acreage liable for such improvement; 4.2 The name 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 docket of City Liens. Section 5. (1} Upan completion of the improvement project, the City engineer shall determine the final cost of the improvement, any special costs ar casts 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 far the improvement shall be assessed to the benefitted parcel of land when adjusting the initial assessments. (2} When the final costs of the improvement are less that the total initial assessments the Council shallascertain and declare the excess, which a sha11 be entered as a credit upon the appropriate assessment on the lien OROINA~lCE - ~