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Name <br />Pedcor Investments, LLC <br />Pedcor Investments, LLC <br />Pedcor Investments, LLC <br />TOTAL <br />200406931 <br />ORDINANCE NO. 8920 (Cont.) <br />Description <br />East 300 feet of Lot 1, Pedcor Subdivision <br />Lot 2, Pedcor Subdivision <br />East 300 feet of South 279.89 feet of Lot 3, Pedcor <br />Subdivision <br />Assessment <br />53,619.97 <br />29,045.73 <br />28,279.20 <br />$110,944.90 <br />SECTION 2. The special tax shall become delinquent as follows: One -tenth of <br />the total amount shall become delinquent in fifty days; one -tenth in one year; one -tenth in two <br />years; one -tenth in three years; one -tenth in four years, one -tenth in five years; one -tenth in six <br />years; one -tenth in seven years; one -tenth in eight years; and one -tenth in nine years respectively, <br />after the date of such levy; provided, however, the entire amount so assessed and levied against <br />any lot, tract or parcel of land may be paid within fifty days from the date of this levy without <br />interest, and the lien of special tax thereby satisfied and released. Each of said installments, <br />except the first, shall draw interest at the rate of seven percent (7.0 %) per annum from the time <br />of such levy until they shall become delinquent. After the same become delinquent, interest at <br />the rate of fourteen percent (14.0 %) per annum shall be paid thereon, until the same is collected <br />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 "Paving District Assessment Fund" for Street Improvement District No. 1245. <br />SECTION 5. Any provision of the Grand Island City Code, and any provision of <br />any ordinance, or part of ordinance, in conflict herewith is hereby repealed. <br />-2- <br />