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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, ~nd 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, ~nd the assessment against each parcel, together with interest at the rate of 8.95 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. 1988, to be payable with general taxes for the year 1987. collectible in 1988, 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 the north 221.4 feet of Parcel No. 14-29-23-44-0001 for which payments have been deferred by Resolu- tion No. 8189 of the City Council. the first installment shall be payable within 30 days after the date on which the lot, piece or parcel is split; provided that in no event shall payment be deferred beyond August 17, 2017. 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. 4. If the adopted assessment differs from the proposed assessment as to any particular lot, piece or parcel of land, the manager shall mail to the owner a notice stating the amount of the adopted assessment. The manager must also notify affected owners of any changes adopted by the Council in interest rates or prepayment requirements from those contained in the notice of the proposed assessment. -2-