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<br />3. The proposed assessments as amended are hereby adopted and confirmed <br />as the proper special assessments for each of said lots, pieces, or <br />parcels of land, respectively, and the assessment against each <br />parcel, together with interest at the rate of 8.95% per annum <br />accruing on the full amount thereof from time to time unpaid, shall <br />be a lien concurrent with general taxes upon such parcel and all <br />thereof. The total amount of each such assessment shall be payable <br />in equal annual principal installments extending over a period of <br />fifteen (15) years, the first of said installments, together with <br />interest on the entire assessment from the date hereof to December <br />31, 1989, to be payable with general taxes for the year 1988, <br />collectible in 1989, and one of each of the remaining installments, <br />together with one year's interest on that and all other unpaid <br />installments, to be payable with general taxes for each consecutive <br />year thereafter until the entire assessment is paid. <br /> <br />4. If the adopted assessment differs from the proposed assessment as to <br />any particular lot, piece, or parcel of land, the manager shall mail <br />to the owner a notice stating the amount of the adopted assessment. <br />The manager must also notify affected owners of any changes adopted <br />by the Council in interest rates or prepayment requirements from <br />those contained in the notice of the proposed assessment. <br /> <br />5. Prior to the certification of the assessment to the County AUditor, <br />the owner of any lot, piece, or parcel of land assessed hereby may <br />at any time pay the whole of such assessment, with interest to the <br />date of payment, to the City Treasurer, but no interest shall be <br />charged if such payment is made within 30 days after the date of <br />this resolution. <br /> <br />6. The City Manager shall forthwith prepare and transmit to the County <br />Auditor a certified duplicate of the assessment roll, with each <br />installment and interest on each unpaid assessment set forth <br />separately, to be extended upon the proper tax lists of the County, <br />and the County Auditor shall thereafter collect such assessments in <br />the manner provided by law. <br /> <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Councilmember Kehr and upon roll call vote being taken <br />thereon, the following voted in favor thereof: Johnson, Cushman, Kehr, <br />Matson, and Rog. <br /> <br />and the following voted against the same: None. <br /> <br />Whereupon said resolution was declared duly passed and adopted. <br />