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99-s�4�os <br /> ORDINANCE NO. 8470 (Cont.) <br /> Name Description Assessment <br /> Lois I. &Robert W.Koepp Lot 2,Farrall Subdivision 5,028.85 <br /> Lois I. &Robert W.Koepp Lot 3,Farrall Subdivision 5,028.85 <br /> Teddy D.Rookstool Lot 4,Farrall Subdivision 5,028.85 <br /> Teddy D.Rookstool Lot 5,Farrall Subdivision 5,028.85 <br /> Teddy D. Rookstool Lot 6,Farrall Subdivision 5,028.85 <br /> Teddy D.Rookstool Lot 7,Fanall Subdivision 5,028.85 <br /> Yant Equipment Inc. Lot 11,Farrall Subdivision 3,391.46 <br /> Yant Equipment Inc. Lot 12,Farrall Subdivision 6,301.35 <br /> Farmland Irrigation Inc. Lot 13,Farrall Subdivision 7,623.50 <br /> TOTAL $47,489.41 <br /> SECTION 2. The special tax shall become delinquent as follows: One-fifth of <br /> the total amount shall become delinquent in fifty days; one-fifth in one year; one-fifth in two <br /> years; one-fifth in three years; and one-fifth in four years, respectively, after the date of such <br /> levy; provided, however, the entire amount so assessed and levied against any lot, tract or parcel <br /> of land may be paid within fifty days from the date of this levy without interest, and the lien of <br /> special tax thereby satisfied and released. Each of said installments, except the first, shall draw <br /> interest at the rate of seven percent (7.0%) per annum from the time of such levy until they shall <br /> become delinquent. After the same become delinquent, interest at the rate of fourteen percent <br /> (14.0%)per annum shall be paid thereof, until the same is collected and paid. <br /> SECTION 3. The treasurer of the City of Grand Island, Nebraska, is hereby <br /> directed to collect the amount of said taxes herein set forth as provided by law. <br /> SECTION 4. Such special assessments shall be paid into a fund to be designated <br /> as the"Sewer and Water Extension Fund" for Sanitary Sewer District No. 487. <br /> Approved as to Form �� <br /> - 2 - April 8,1999 ♦City Attomey <br />