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y Section 6. The tax bill portion of this improvement, which is THIRTEEN THOUSAND SEVEN HUNDRED FORTY EIGHT AND 57/1.00 DOLLARS ($13,748.57), shall be levied as a special assessment or tax against a benefit district which shall consist-of all "lots and parcels of .land ,fronting or abutting the improvement in the name or names of the respective owner or owners thereof, on each side of. said,_street within. the limits described.in Section One hereof, in the amount of ELEVEN.AND NO 1100 DOLLARS -($11.00) per linear foot of all lots or. par-eels =of., land .fr.onting on the improvement;. and..FIVE AND 50/100 DOLLARS ($5.50) per linear foot of all lots .or parce.ls. of_ . land having a side line abutting the improvement. Section 7. Payment for the cost _of .said_...tax bill portion of this 8 improvement shall be made .by cert-ified_ s.pecial tax bills in accordance with the provisions of. Section 6 of this ordinance,. .which shall be issued to the contractor in payment for doing this work. The said tax bills shall .ma.ture. and.become,..payable thirty (30) days after the date of issue except_.those...tax .. bills_ .which-.are payable in ten ( 10) annual installments,- the fir.st .of- which ..shall .mature..and become payable thirty (30) days after the.date-. of issue, and...the. remai.ning::installments at consecu- tive one .(l) -year intervals thereafter. . All_"tax_.bil.ls shall bear interest at the rate of eight. (8) .per:centum per. annum, _beginning thirty (30) days after .date of issuance. At the option .of the .contrac.tor. .the City will purchase said tax bills at par. Section...8. She. City. of Universi.ty .City_ shall pay the balance of the "Whole Cost" of. the imp.rovement.. which. is..estimat:ed to be approximately THIRTY .THREE-THOUSAND.-TWO HUNDRED_ NINETY 0NE.,AND..,.43f..LOO DOLLARS ($33,291.43), out of available City funds. Section 9. If for any .-reason bids are received, or if the bids received are rejected,_ the City . Council may by resolution or motion, direct the City_Clerk .to. .readvertise. for bids_as...prov ded for in this ordinance. Section :10. Ths. Ordinance shall take. effect and be in force from and after its passage, as provided by law. PASSED;tbis 21st day of M^, 1984. F Mayor ATTEST: CITY CLERK CERTIFIED TO BE CORRECT AS TO FORM: CITY ORNEY 3