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<br /> _---• • Bection 2. The assessments for r�idewalk fmprovements shall
<br /> become delinqusat in equal annual installments over a period of
<br />_ -- r 10 years, the firet such equel installment shall become -_
<br /> el nquent in 50 days after the date of levy and passage of this _
<br /> Ordinr�nce. Each installment shall draw interest at a rate of 7.75� _
<br /> •����`� per annum from the date of passage of this Ordinnnce until the same
<br />:::�.:.r :'_ , � shall become delinquent and after the same becomes de].inquent,
<br /> • ,' intereat at the rate specif.ied in S 45-104.01, $��
<br /> � , (currently 14� per annum) as auch rate may from time to time be
<br />. . adjustsd by the Legislature, shnll be paid thereon. Should there -
<br /> `:,.:,�'. be throe (3) or more such installments delinquent and unpaid on the
<br />.;�_;r��:�,:� saune property, the City Council mny by Resolution declare all
<br />___ ;,.,�_,. , future installments on such delinquent progerty to be aceRlarated
<br />.;:��s. to beaome due and payable immediately on a fixed future date. -
<br />:.;::�,,:��,
<br /> � � Section 3. All of such installments may be paid at one time
<br /> �'%�"�{ on any lot or land within 50 days from the date of the levy without
<br /> ' interest and if so paid, such lot or land shall be exempt trom any
<br /> ° •"- lien or charge therefor.
<br /> :i_i�•,.��:::
<br /> -i`t:_, .�. 3ection 4. Any assesements or portions thereoi remaining
<br /> �X=�.�.�.� un�aid after 50 days from the date af levy and passage of this
<br /> '` ��'- '��,�' Ordinance shall be certified �o the Wood River City Clerk and
<br />_-.;,., ,;�
<br /> -_.;:-.:,,i:� Trsasurer for �oll�ctiQn ar_� A �o�y �f this ordinance and a
<br />-':;,�,��:�� , Certificate of the City Clerk shall be recorded and indeaed in the
<br />='��z"}�•'rt office of the �iall County Reqister of Deeds against each such
<br /> �.,7.',',�,Ni'�r"
<br />,�;�:�:�°��^� property as a lien. The lien for �he special assessment shall be
<br />'_<z,'._.�-t.. •. reledsed by the City Clerk upon final payment of the special
<br /> "=�'�.ti' assessment.
<br /> -r:�N-�s-:
<br />.���;�;�} . : Section 5. This ordinance shall take effect and be in full
<br /> �. forae from and after its passage, approval and publioation as
<br /> �:'=;�'�� required by law.
<br /> ���'��
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<br /> ____ Passed and approved this 18th d November , 1997.
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