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<br />and Finance Officer and the hearings official's findings and summary, and based thereon, <br /> <br />THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: <br /> <br />Section 1. The hearings official's summary is hereby made a part of the Council's record in <br />these proceedings, and the hearings official's findings, including those regarding compliance with <br />E.C. 7.160 to 7.190, attached hereto as Exhibit B and incorporated herein by reference, are hereby <br />adopted. <br /> <br />Section 2. The actual assessable cost of the local improvements consisting ofpaving, curbs, <br />gutters, sidewalks, landscape medians, street lights, street trees, wastewater, and storm water <br />drainage on 3rd and 4th Avenues between Pearl Street and Lincoln Street, north of the Southern <br />Pacific Railroad and south of Skinner Butte Park is $476,988.28 which is hereby assessed against the <br />parcels of property hereinafter described in the amounts set opposite, respectively. <br /> <br />Section 3. The City Council does hereby determine and assess each lot and part of lot within <br />the described local improvement district as set forth on the assessment roll attached as Exhibit C <br />hereto and incorporated herein by reference. <br /> <br />Section 4. The City Council does hereby determine that each parcel of land or lot <br />hereinabove described is specially benefitted to the extent of the assessment set forth. The Finance <br />Officer shall give notice of the assessments to the owners of the assessed parcels advising them the <br />assessment may be paid in full, without interest, within ten days of the effective date of this <br />ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the <br />respective lots, parts of lots or parcels of land against which said several amounts are assessed, and <br />may be paid, with interest on the unpaid principal amount commencing ten days after the effective <br />date of this ordinance: <br />4.1 In up to twenty semi-annual installments, including principal and interest at <br />the rate set by the City Manager as provided in E.C. 2.022 through 2.024. <br />4.2 If the property owner so elects, in 120 monthly installments, including <br />principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through <br />2.024 plus a service charge determined by the City Manager as provided in E.C. 2.020. <br /> <br />Section 5. The City Recorder is directed to enter in the docket of City Liens a statement in <br />connection with each unpaid assessment containing the following: <br />5.1 A description of each lot, part of lot or acreage specially benefitted by the <br />local improvements; <br />5.2 The name of the owner or reputed owner thereof, or that the name of the <br />owner is unknown; and <br />5.3 The sum assessed upon said property, the amount and date from which interest <br />accrues, and the date of entering the same in the docket of City Liens. <br /> <br />Section 6. Upon enactment of this ordinance, the City Finance Officer shall send notice of <br />the assessments by first class mail to the owners of the assessed parcels containing the information <br /> <br />Ordinance - 2 <br />