Ordinance 1329-87 - Laserfiche WebLink

Y Section 3 . Each of the lots, • tracts , parcels of land and other property shown upon the assessment roll is determined and declared to be specially benefited by this improvement in at least the amount charged against the same, and the assessment appearing against the same is in proportion to the several assessments appearing upon the roll . There is levied and assessed against each lot, tract or parcel of land and other property appearing upon the ro_11 the amount finally charged against the same thereon. Section 4 . The assessment roll as approved and confirmed shall be filed with the City Treasurer for collection and the City Treasurer is authorized and directed to publish notice as required by law stating that the roll is in his hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within thirty days from date of first publication of such notice without penalty, interest or cost , and that thereafter the sum remaining unpaid may be paid in twenty equal annual installments . The estimated interest rate is stated to be 7 . 5% per annum, with the exact interest rate to be fixed in the ordinance authorizing the issuance and sale of the local improvement bonds for Local Improvement District No . 719 . The first installment of assess- ments on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the City Treasurer of notice that the assessment roll is in his hands for collection and annually - 3 -