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200106465 ORDINANCE NO. 8678 (Cont.) line to a point on the south line of said Lot 2; thence west on the south line of said Lot 2 to the point of beginning. Donald E. & Carolyn A. Stanley Part of SEl/4 of Section 11- 11 -10: 24,015.62 Beginning at a point being the intersection of the north line of 13`h Street and the east line of Mansfield Road; thence north on the east line of Mansfield Road for a distance of 296.9 feet; thence east for a distance of 300 feet; thence south on a line 300 feet east of and parallel to the east line of Mansfield Road for a distance of 296.9 feet; thence west on the north line of 13`h Street for a distance of 300 feet to the point of beginning. Grand West LLC Part of SE 1/4 of Section 11- 11 -10: 12,636.74 A tract of land 152.34 feet north and south, and 300 feet east and west lying immediately north of Sharma Street and adjacent to the west line of Mansfield Road TOTAL $230,983.07 SECTION 2. The special tax shall become delinquent as follows: One -tenth of the total amount shall become delinquent in fifty days; one -tenth in one year; one -tenth in two years; one -tenth in three years; one -tenth in four years, one -tenth in five years; one -tenth in six years; one -tenth in seven years; one -tenth in eight years; and one -tenth in nine years respectively, after the date of such levy; provided, however, the entire amount so assessed and levied against any lot, tract or parcel of land may be paid within fifty days from the date of this levy without interest, and the lien of special tax thereby satisfied and released. Each of said installments, except the first, shall draw interest at the rate of seven percent (7.0 %) per annum from the time of such levy until they shall become delinquent. After the same become delinquent, interest at the rate of fourteen percent (14.0 %) per annum shall be paid thereon, until the same is collected and paid. SECTION 3. The treasurer of the City of Grand Island, Nebraska, is hereby directed to collect the amount of said taxes herein set forth as provided by law. Approved as to Form - 3 - July 2, 2001 ♦ City Attorney