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BE IT FURTHER RESOLVED: That the final cost of the improvement is hereby <br /> assessed against each parcel or property deemed to be benefited by the improvement, as provided <br /> in the assessment roll, attached hereto as Exhibit A and incorporated herein. The property <br /> owners may pay the assessments in full on or before April 30, 2015 or may pay the assessments <br /> in substantially equal annual installments for duration not to exceed 10 years. The first <br /> installment shall be payable after the first collection of general property taxes following the <br /> adoption of this Resolution. The assessments shall accrue interest at a rate of 8%per annum <br /> from the effective date of this Resolution until paid in full, except that no interest shall accrue if <br /> paid in full on or before <br /> BE IT ADDITIONALLY RESOLVED: That the City Clerk shall mail a notice to each <br /> property owner listed in Exhibit A which shall set forth a description of each parcel of real <br /> property to be assessed which is owned by such owner, the special assessment assigned to such <br /> property, and a statement that the property owner may pay the assessment in full without interest <br /> on or before April 30, 2015 or may pay the assessment with interest in substantially equal annual <br /> installments for a duration not to exceed 10 years. <br /> Motion seconded by Councilmember Jennings and carried. <br /> Adopted this 23`d day of February, 2015. <br /> I hereby certify that the above is a true excerpt from the minutes of the meeting of the City <br /> Council held on the 23`d day of February, 2015. <br /> CI,f LE' ' , JOYCE PUMM <br /> lA , i I <br /> MAYOR, SHEL ELSCH <br /> 2 <br />