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Section 3. That the City Council does hereby determine and assess each lot and <br />part of lot being within the described local improvement district as set forth <br />an the assessment roll attached as Exhibit 6 hereto and incorporated herein by <br />reference. <br />Section 4. That the City Council does hereby determine that each parcel <br />of land ar lot herei nabove described i s specially benef i tted to the extent of <br />the initial assessment set forth. The Finance Officer shall give notice of the <br />assessments to the owners of the assessed parcels advising them the assessment <br />may be paid in full, without interest, within ten days of the date of adoption <br />of this ordinance. Assessments that remain unpaid after the ten day period are <br />declared to be liens upon the respective lots, parts of lots or parcels of land <br />against which said several amounts are assessed, and may be paid in up to <br />twenty equal semi-annual installments, including principal and interest at the <br />rate set by the City Manager as provided in Section 2.022 thru 2.024 of the <br />Eugene Cade. The City Recorder is directed to enter in the docket of City <br />Liens a statement in connection with each unpaid assessment containing the <br />following: <br />4.1 A description of each lot, part of tat or acreage liable for <br />such improvement; <br />4.2 The name of the owner ar 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. Upon enactment of this ordinance, the City Finance <br />Officer sha11 send notice of the assessments by first class to the owners of <br />ORDINANCE - 4 <br />,. <br />., <br />., <br />