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<br />2. This Council, having heard and considered all objections <br />so presented, and being fully advised in the premises, finds that <br />each of the lots, pieces and parcels of land enumerated in the <br />proposed assessment was and is specifically benefitted by the <br />construction of said improvement in not less than the amount of <br />the assessment set opposite the description of each such lot, <br />piece and parcel of land, respectively, and such amount so set <br />out is hereby levied against each of the respective lots, pieces <br />and parcels of land therein. <br /> <br />3. The proposed assessments as amended are hereby adopted <br />and confirmed as the proper special assessments for each of said <br />lots, pieces or parcels of land, respectively, and the assessment <br />against each parcel, together with interest at the rate of 8.95 <br />percent per annum accruing on the full amount thereof from time <br />to time unpaid, shall be a lien concurrent with general taxes <br />upon such parcel and all thereof. The total amount of each such <br />assessment shall be payable in equal annual principal <br />installments extending over a period of fifteen (15) years, the <br />first of said installments, together with interest on the entire <br />assessment from the date hereof to December 31, 1988, to be <br />payable with general taxes for the year 1987, collectible in <br />1988, and one of each of the remaining installments, together <br />with one year's interest on that and all other unpaid <br />installments, to be payable with general taxes for each con- <br />secutive year thereafter until the entire assessment is paid. <br /> <br />4. If the adopted assessment differs from the proposed <br />assessment as to any particular lot, piece or parcel of land, the <br />manager shall mail to the owner a notice stating the amount of <br />the adopted assessment. The manager must also notify affected <br />owners of any changes adopted by the Council in interest rates or <br />prepayment requirements from those contained in the notice of the <br />proposed assessment. <br /> <br />5. Prior to the certification of the assessment to the <br />County Auditor, the owner of any lot, piece or parcel of land <br />assessed hereby may at any time pay the whole of such assessment, <br />with interest to the date of payment, to the City Treasurer. but <br />no interest shall be charged if such payment is made within 30 <br />days after the date of this resolution. <br /> <br />6. The City Manager shall forthwith prepare and transmit to <br />the County Auditor a certified duplicate of the assessment roll, <br />with each installment and interest on each unpaid assessment set <br />forth separately, to be extended upon the proper tax lists of the <br />County. and the County Auditor shall thereafter collect such <br />assessments in the manner provided by law. <br /> <br />-2- <br />