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. ORDINANCE NO. 8364 (Cont) F:: �: 9S- so�9s �; the construction of said water main shall be taken and contracts entered into in the manner provided by law. SECTION 4. The cost of construction of such water main connection district shall be reported to the City Council, and the Council, sitting as a Board of Equalization, shall determine benefits to abutting property by reason of such improvement pursuant to Section 16- 6,103, R.R.S. 1943. The special benefits shall not be levied as special assessments but shall be certified by resolution of the City Council to the Hall County Register of Deeds. A connection fee in the amount of the special benefit accruing to each property in the district shall be paid to the City of Grand Island at such time as such property becomes connected to the water main in such district. No property thus benefitted by water main improvements shall be connected to the water main until the connection fee is paid. The connection fees collected shall be paid either into the Water Surplus Fund or into a fund to be designated as the fund for Water Main District No. 427T for the purpose of creating a sinking fund for the payment of bonds. Payment of the cost of construction of Water Main District No. 427T may be made by warrants drawn upon the Water Surplus Fund. SECTION 5. This ordinance shall be in force and take effect from and after its passage, approval, and publication, without the plat, within fifteen days in one issue of the Grand Island Independent. Enacted March 9, 1998. Approved as to Form • March 6,1998 • City Attorney - 3 -