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<br />I <br /> <br />I <br /> <br />I <br /> <br />200700892 <br /> <br />ORDINANCE NO. 9102 (Cont.) <br /> <br />aiter the date of such levy; provided, however, the entire amount so assessed and levied against <br /> <br />any lot, tract or parcel of land may be paid within fifty days from the date of this levy without <br /> <br />interest, and the lien of special tax thereby satisfied and released. Each of said installments, <br /> <br />except the first, shall draw interest at the rate of seven percent (7.0(/;>) per annum from the time <br /> <br />of such levy until they shall become delinquent. After the same beconle delinquent, interest at <br /> <br />the rate of fourteen percent (14.0%) per annum shal I be paid thereon, until the same is collected <br /> <br />and paid. <br /> <br />SECTION 3. The assessment for T & E Cattle Company has been deferred in <br /> <br />accordance with City of Grand Island Resolution 2007~22 approved on January 23, 2007, and <br /> <br />shall not accrue interest until terminated in accordance with Neb. Rev. Stat. ~ 19-2428 through <br />~ 19-2431. <br /> <br />SECTION 4. The treasurer of the City of Grand Island, Nebraska, IS hereby <br /> <br />directed to collect the amount of said taxes herein set forth as provided by law. <br /> <br /> <br />SECTION 45 Such special assessnlcnts shall be paid into a fund to be designated <br /> <br /> <br />as the "Paving District Assessment Fund" for Street improvement District No. 1258. <br /> <br /> <br />SECTION 6. Ordinance No. 9097 and all other ordinances and parts of <br /> <br />ordinances in conflict hcrewith be, and the same arc, hereby repealed. <br /> <br />SECTION 7. This ordinance shall be in force and take effect from and after its <br /> <br />passage and publication, within fifteen days in one issue of the Grand Island Independent as <br /> <br />provided by law. <br /> <br />- 3 - <br />