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The deferrment for that lot, piece or parcel of property shall continue until such time as that lot, piece or parcel of property is platted, or the property is rezoned to a use with potential to use any of the improvements constructed as a part ofImprovement No. ST -94-04, or the property actually uses any of the improvements constructed as a part ofImprovement No. ST-94-04. 4. 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 7.5% 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, 1996, to be payable with general taxes for the year 1995, collectible in 1996, 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 consecutive year thereafter until the entire assessment is paid. 5. TI'.1._ '__..1 1 __ ____ . ,0i'V'". _ f'" _ .1 _ , ____ ____, __..t_ _________~...L~___1_~1_L __~___ _~ H me aaopIea assessmem mITers from me proposea assessmem as w any pamCUlar lOr, ple<.;e, 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. 6. Prior to the certification of the assessment to the County Auditor, the owner of any lot, piece, or parcel of land assessed hereby may at any time pay the whole of such assessment, with interest to the date of payment, to the City Treasurer, but no interest shall be charged if such payment is made within 30 days after the date oftrus resolution. 7. The City Manager shall forthwith prepare and transmit to the County Auditor a certified duplicate of the assessment roB, with each instaUment and interest on each unpaid assessment set forth separately, to be extended upon the proper tax lists of the County, and the County Auditor shall thereafter collect such assessments in the manner provided by law. The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Goedeke __..I u___ __11 __11 .._._ 1.._:__ ._1.__ .1.._____ .1.._ J'_I1_...:__ .._._..1 :_ J'_____ .1..____J'. n T_1..____ 11....__._1 dUU U}JUU I UB ~dB VULt: Ut:Ill~ Ldll..t:ll LlIt:It:Ull, LIlt: lUllUWllI~ VULt:U III IèlVUI Lllt:It:UI. r. JUIUI::'Ull, lua::'Lt:I, Wiski, Goedeke, and V. Johnson and the following voted against the same: None. Whereupon said resolution was declared duly passed and adopted.