Ordinance No. 20453 - Laserfiche WebLink

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5.3 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 6 . Upon enactment of this ordinance, the City Finance officer shall send notice of the assessments by first class mail to the owners of the assessed parcels containing the information required by EC 7.190 and enclose therewith an application for paying the assessment in installments according to the terms set forth in Section 4 of this ordinance. Section 7. Any assessment remaining unpaid and for which no application for installment payments has been received may be foreclosed as provided by law. The proceeds from the payment or foreclosure of assessments levied by this ordinance shall be deposited to the city funds which advanced the cost of construction, engineering and related expenses or which are used to retire any indebtedness incurred by the City for this improvement. Section 8. An immediate effective date of this Ordinance is necessary to allow the City to begin immediate collection of the assessments that will be used to pay the obligations the City has incurred for this project. Enabling the City to begin collecting assessments will avoid increased interest costs and conserve limited City resources. Therefore, this Ordinance shall become effective immediately upon its passage by the City Council pursuant to Section 32(2) of the Eugene Charter of 2002. Passed by the City Council this 22nd day of February, 2010 ActIng City Recorder Approved by the Mayor this 23rd day of February, 2010 r a Mayor Ordinance - Page 3 of 3