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200315165 <br />ORDINANCE NO. 8870 (Cont.) <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 assessment for Robert and Judith Poland have been deferred in <br />accordance with City of Grand Island Resolution 2003 -116 approved on April 22, 2003, and <br />shall not accrue interest until terminated in accordance with Neb. Rev. Stat. § 19 -2428 through <br />19 -2431. <br />SECTION 4. 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 5. Such special assessments shall be paid into a fund to be designated <br />as the "Paving District Assessment Fund" for Street Improvement District No. 1239. <br />SECTION 6. 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any ordinance, or part of ordinance, in conflict herewith is hereby repealed.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 />SECTION 7. This ordinance shall be in force and take effect from and after its <br />passage and publication, within fifteen days in one issue of the Grand Island Independent as <br />provided by law. <br />-3- <br />