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I I 200511610 ORDINANCE NO. 9018 (Cont.) Platte Valley Communications, Inc. 4503 L.L.C. Eric J. & Leslie A. Rose Eric J. & Leslie A. Rose Preferred Pump & Equipment L.P. Russell L. & Lisa A. Geist TOTAL Lot 4, Grand Island Industrial Foundation Subdivision Lot 5, Grand Island Industrial Foundation Subdivision Lot 1, Deadwood Subdivision Lot 2, Deadwood Subdivision Lot 3, Deadwood Subdivision Lot 4, Deadwood Subdivision 2,679.42 2,693.89 2,679.42 2,679.42 2,679.42 2,692.73 $21,463.14 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, shal1 draw interest at the rate of seven percent (7.0%) per annum from the time of such levy until they sha1l become delinquent. After the same become delinquent, interest at the rate of fourteen percent (14.0%) per annum shal1 be paid thereof, until the same is col1ected and paid. SECTION 3. The treasurer of the City of Grand Island, Nebraska, IS hereby directed to co1lect the amount of said taxes herein set forth as provided by law. SECTION 4. Such special assessments sha1l be paid into a fund to be designated as the "Sewer Extension Fund" for Sanitary Sewer District No. 517. SECTION 5. Any provision of the Grand Island City Code, and any provision of any ordinance, or part of ordinance, in conflict herewith is hereby repealed. - 2 -