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I I 200608185 ORDINANCE NO. 9068 (Cant.) thence southerly along the westerly right-of-way line of said Locust Street, a distance of one hundred eleven and twenty seven hundredths (111.27) feet to a point of deflection; thence southwesterly along the right-of-way line of said Locust Street, a distance of thirty three and ninety six hundredths (33.96) feet to a point on the northerly right-of- way line of said Lake Street; thence westerly along the northerly right-of-way line of said Lake Street, a distance of four hundred nine and eight tenths (409.8) feet to a point of deflection; thence northwesterly along the right-of-way line of said Lake Street, a distance of one hundred sixty two and fifty six hundredths (162.56) feet to the said Point of Beginning. TOTAL $72,353.27 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 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, 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 452". SECTION 6. Any ordinances or parts of ordinances in conflict herewith be, and hereby are, repealed. - 3 -