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200501132 <br />ORDINANCE NO. 8952 (Cont.) <br />Name <br />Description <br />Assessment <br />Lacy Construction Co., a/k/a Lacy <br />Lot 1, Lacy Subdivision <br />22,358.87 <br />Building and Supply Co. <br />Lacy Construction Co., a/k/a Lacy <br />North 200 feet of Lot 3, Lacy Subdivision <br />35,128.72 <br />Building and Supply Co. <br />Lacy Construction Co., a/k/a Lacy <br />Lot 4, Lacy Subdivision <br />26,611.01 <br />Building and Supply Co. <br />B. E. Burhoop <br />Part of the N1 /2 of the NE 1/4 of Section 24- 11 -10, more <br />13,714.59 <br />particularly described as follows: Beginning at a point <br />where the west line of Webb Road intersects the north <br />line of Island Circle; thence west 225 feet; thence north <br />82.5 feet; thence east 225 feet; thence south 82.5 feet to <br />the point of beginning. 82.5 feet north and south; 225 <br />feet east and west. <br />Ellen Irene Bishop, Trustee <br />Part of the SE 1/4 of the NE 1/4 of Section 24- 11 -10, <br />6,792.00 <br />more particularly described as follows: Beginning at a <br />point where the west line of Webb Road intersects the <br />south line of Island Circle; thence south 99.5 feet; <br />thence west 100.13 feet; thence north 99.5 feet; thence <br />east 100.13 feet to the point of beginning. 100.13 feet <br />east and west; 99.5 feet north and south. <br />TOTAL <br />$104,605.19 <br />SECTION 2. The special tax shall become delinquent as follows: One -tenth of <br />the total amount shall become delinquent in fifty days; one -tenth in one year; one -tenth in two <br />years; one -tenth in three years; one -tenth in four years, one -tenth in five years; one -tenth in six <br />years; one -tenth in seven years; one -tenth in eight years; and one -tenth in nine years respectively, <br />after the date of such levy; provided, however, the entire amount so assessed and levied against <br />any lot, tract or parcel of land may be paid within fifty days from the date of this levy without <br />interest, and the lien of special tax thereby satisfied and released. Each of said installments, <br />except the first, shall draw interest at the rate of seven percent (7.0 %) per annum from the time <br />of such levy until they shall become delinquent. After the same become delinquent, interest at <br />the rate of fourteen percent (14.0 %) per annum shall be paid thereon, until the same is collected <br />and paid. <br />-2- <br />If <br />