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200705739 THE FOLLOWING PARCELS OF LAND, OR PORTIONS THEREOF, ARE INCLUDED IN THE DISTRICT AND ARE SUBJECT TO ASSESSMENT: . Lot 2, Cargill Subdivision, City of Wood River, Hall County, Nebraska . Northwest 1/4 of Section 30, Township 10 North, Range 11 West of the 6th Principal Meridian, Hall County, Nebraska Section 3. The City's special engineer, W Design Associates, Hastings, Nebraska, has prepared detailed plans and specifications for the improvements to be constructed in the District and an estimate of costs for the same in the amount of $112,277, all of which have been filed with the Clerk and previously approved by the Council. Certain change orders to the original plans and specifications have also been submitted to and previously approved by the Council. Section 4. The City has advertised for bids for the construction of the improvements to be made in the District in accordance with all applicable provisions of law. Upon acceptance of any bid therefor, the Mayor and Clerk are authorized to enter into a contract on behalf of the City for such work, and such contract shall be executed by the Mayor and attested by the Clerk. The City Council shall have and hereby reserves the right to reject any and all bids received. Section 5. The work and improvements in the District shall be made at public cost, but special assessments on the properties especially benefited thereby shall be levied to reimburse the City to the extent provided by law. Section 6. For the purpose of paying the costs of the improvements to be made in the District, the Mayor and Council may issue warrants or bond anticipation notes of the City in the form and manner provided by law. To effect the final payment and retirement of such warrants and bond anticipation notes, or to pay for any of the improvements authorized herein, the Mayor and Council shall issue bonds in the manner and form provided by law and shall assess the costs of such improvements to the property in the District in proportion to the benefits derived from such improvements. Section 7. After the passage and publication of this Ordinance, the Clerk shall publish in the Wood River Sunbeam, a newspaper of general circulation in the City, at least once each week for not less than three consecutive weeks, as provided by law, notice of the creation of the District in the form attached hereto (the "Notice"). Section 8. If the owners of record title representing more than 50% of the front footage of the property abutting or adjoining any streets, avenues or alleys which are within the District shall file with the Clerk within 20 days after the first publication of the Notice written objections to the creation of the District, the improvements proposed to be constructed therein shall not be made. Section 9. If any section or other part of this Ordinance is for any reason held invalid, the invalidity thereof shall not affect the validity of any other provision of this Ordinance. Section 10. All ordinances, resolutions or orders, or parts thereof in conflict with the provisions of this Ordinance, including, specifically, Ordinance No. 498 duly passed and approved by the Mayor and Council on December 19, 2006, are to the extent of such conflict or conflicts hereby repealed. Section 11. This Ordinance shall be published in the manner and form provided by law and shall take effect and be in full force from and after its due passage, approval and publication as provided by law. -2-