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SEP. 2 e 1181 ORDINANCB NO. 7495 (Contd) 88-105238 shall estimate the cost thereof, and submit the same to the City Council, and upon approval of the same, bids for the construction of such water main shall be taken and contracts entered into in the manner provided by law. SECTION 4. The cost of construction of such improvements shall be assessed against the property within such district abutting upon the streets wherein such water main has been so placed to the extent of benefits to such property not to exceed the laying of an six-inch water main, by reason of such improvement, and a special tax shall be levied at one time to pay for such cost of construction as soon as can be ascertained, and such special tax and assessments shall constitute a sinking fund for the payment of any warrants or bonds for the purpose of paying the cost of such water main in such district; and such special assessments shall be paid and collected either in a fund to be designated and known as the Sewer and Water Extension Fund for Water Main District No. 385, or the Water Surplus Fund. SECTION 5. This ordinance shall be in force and take effect from and after its passage, approva1, and pub1ication, without the plat, as provided by law. SECTION 6. This ordinance, with the plat, is hereby directed to be filed in the office of the Register of Deeds, Ha11 county, Nebraska. SECTION 7. After passage, approval, and pub1ication of this ordinance, notice of the creation of said district sha11 be pub1ished in the Grand Island Dai1y Independent, a 1egal newspaper published and of genera1 circu1ation in said City, as provided by 1aw. Enacted SEP. 2 6 IDee ATTEST: ~ alir.U fb #r.6:/ Mart Ar.n W t, c;!ty C1erk ~~~~ Chuck Baasch, Mayor 2