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<br /> <br /> <br /> <br /> <br /> <br /> <br /> BE IT FURTHER RESOLVED: That the final cost of the improvement is hereby assessed against each <br /> parcel of property deemed to be benefited by the improvement, as provided in the attached assessment <br /> roll, marked Exhibit "A" and incorporated herein by reference. The property owners may pay the <br /> assessments in full on or before November 30, 2009 or may pay the assessments in substantially equal <br /> annual installment for duration not to exceed 10 years. The first installment shall be payable after the <br /> first collection of general property taxes following the adoption of this Resolution. The assessments <br /> shall accrue interest at a rate of 8% per annum from the effective date of this Resolution until paid in <br /> full, except that no interest shall accrue if paid in full on or before November 30, 2009. <br /> <br /> BE IT ADDITIONALLY RESOLVED: That the City Clerk shall mail a notice to each property owner <br /> listed in Exhibit "A" which shall set forth a description of each parcel of real property to be assessed <br /> which is owned by such owner, the special assessment assigned to such property, and a statement that <br /> the property owner may pay the assessment in full without interest on or before November 30, 2009, or <br /> may pay the assessment with interest in substantially equal annual installments for a duration not to <br /> exceed 10 years. <br /> <br /> Motion seconded by Councilmember Mr. Sharpe, Jr. and carried. <br /> <br /> Adopted this October 12, 2009 <br /> <br /> I hereby certify that the above is a true excerpt from the minutes of the meeting of the City Council held <br /> on the 12th day of October, 2009. <br /> <br /> <br /> Z' C <br /> <br /> E MM, CITY CLERK <br /> <br /> <br /> <br /> EP AMS, M OR <br />