Ordinance 1698-90 - Laserfiche WebLink

• 1 Sec ion 2 . Each of the lots , tracts , parcels of land and 2 other property shown upon the assessment roll is determined and 3 declared to be specially benefited by this improvement in at 4 least the amount charged against the same, and the assessment 5 appearing against the same is in proportion to the several 6 assessments appearing upon the roll . There is levied and 7 assessed against each lot , tract or parcel of land and other 8 property appearing upon the roll the amount finally charged 9 against the same thereon. 10 Section 3 . The assessment roll as approved and confirmed 11 shall be filed with the City Treasurer for collection and the 12 City Treasurer is authorized and directed to publish notice as 13 required by law stating that the roll is in his hands for 14 collection and that payment of any assessment thereon or any 15 portion of such assessment can be made at any time within thirty 16 days from date of first publication of such notice without 17 penalty, interest or cost , and that thereafter the sum remaining 18 unpaid may be paid in twenty equal annual installments . The 19 interest rate thereon is fixed at 8 . 5% per annum. The first 20 installment of assessments on the assessment roll shall become 21 due and payable during the thirty-day period succeeding the date 22 one year after the date of first publication by the City 23 Treasurer of notice that the assessment roll is in his hands for 24 collection and annually thereafter each succeeding installment 25 shall become due and payable in like manner . If the whole or - 3 -