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2. This Council, having heard and considered all objections so presented, and being fully advised in the premises, finds that each of the lots, pieces and parcels of land enumerated in the proposed assessment was and is specifically benefitted by the construction of said improvement in not less than the amount of the assessment set opposite the description of each such lot, piece and parcel of land, respectively, and such amount so set out is hereby levied against each of the respective lots, pieces and parcelS of land therein. 3. The proposed assessments as amended are hereby adopted and confirmed as the proper special assessments for each of said lots, pieces or parcels of land, respectively, and the assessment against each parcel, together with interest at the rate of 9.169 percent per annum accruing on the full amount thereof from time to time unpaid, shall be a lien concurrent with general taxes upon such parcel and all thereof. The total amount of each such assessment shall be payable in equal annual principal installments extending over a period of fifteen (15) years, the first of said installments, together with interest on the entire assessment from the date hereof to December 31, 1987, to be payable with general taxes for the year 1986, collectible in 1987, and one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, to be payable with general taxes for each con- secutive year thereafter until the entire assessment is paid. For assessments to Parcel No. 10-29-23-11-0003 for which payments have been deferred by resolution of the City Council, the first installment shall be payable within 30 days after the date on which the lot, piece or parcel is platted, or the pro- perty is rezoned to a use with the potential to use any of the improvements constructed as a part of Improvement No. SS-W-P-85-7, or the property actually uses any of the improve- ments constructed as a part of Improvement No. SS-W-p-85-7, or the property is sold; provided that in no event shall payment be deferred beyond August 25, 2001. The first installment shall include all deferred annual principal installments, together with interest on the entire assessment from the date hereof to December 31 of the year in which the first installment is payable. The total remaining amount of each such assessment shall be payable in equal annual principal installments extending over the years remaining of the original 15 year payment period, if any; one of each of the remaining installments, together with one year's interest on that and all other unpaid installments, to be payable with general taxes for each consecutive year thereafter until the entire assessment is paid. -2-