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I I 200607101 ORDINANCE NO. 9060 (Cont.) Kenneth & Ian Tell and Darrold D. & Peggy 10 Dannehl Part of Lot 2, Elmer's Subdivision, more particularly described as follows: Beginning at the southwest comer of Lot Twelve (12) Stewart Place Subdivision in the city of Grand Island, Hall County, Nebraska, being a point on the easterly right-of-way line of Circle Drive; thence southerly along the southerly right-of-way line of said Circle Drive, a distance of one hundred eighty three and one tenth (183.1) feet; thence easterly along the easterly extension of the southerly line of Lot Seventeen (17) said Stewart Place Subdivision, a distance of one hundred (100.0) feet; thence northerly parallel with the easterly right-of-way line of Circle Drive, a distance of one hundred eighty three and one tenth (183.1) feet to the southerly line of said Stewart Place Subdivision; thence westerly along the southerly line of said Stewart Place Subdivision, a distance of one hundred (100.0) feet to the said point of beginning. 6,543.90 TOTAL $99,945.50 SECTION 2. The special tax shall become delinquent as follows: One-fifth of the total amount shall become delinquent in fifty days; one-fifth in one year; one-fifth in two years; one-fifth in three years; and one-fifth in four years, respectively after the date of such levy. SECTION 3. The entire amount so assessed and levied against any lot, tract or parcel of land may be paid within fi fty 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%) per annum from the time of such levy until they shall become delinquent. After the same become delinquent, interest at the rate of fourteen (14%) per annum shall be paid thereof, until the same is collected and paid. SECTION 4. 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. SECTION 5. Such special assessments shall be paid into a fund to be designated as the "Water Fund 451 ". - 4 -