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shall bear interest at the rate of 8 1/4 percent per annum from the <br />date of the adoption of this assessment resolution. To the first <br />installment shall be added interest on the entire assessment from the <br />date of this resolution until December 31, 1990. To each subsequent <br />installment when due shall be added interest for one year on all <br />unpaid installments. <br />•3. The owner of any property so assessed may, at any time prior to <br />certification of the assessment to the County Auditor, pay the whole <br />of the assessment on such property with interest accrued to the date <br />of payment, to the City Treasurer, except that no interest shall be <br />charged if the entire assessment is paid within 30 days from the <br />adoption of this resolution; and he may, at any time thereafter, pay <br />to the County Treasurer the entire amount of the assessment remaining <br />unpaid, with interest accrued to December 31 of the year in which <br />such payment is made. Such payment must be made before November 15 <br />or interest will be charged through December 31 of the next <br />succeeding year. <br />4. The City Administrator shall forthwith transmit a certified <br />duplicate of this assessment to the County Auditor to be extended on <br />the property tax lists of the County. Such assessments shall be <br />collected and paid over in the same manner as other municipal taxes. <br />The motion of the adoption of the foregoing resolution was seconded <br />by Councilmember and upon vote taken thereon, the following <br />voted in favor thereof: <br />Fahey, Blesener, Collova, LaValle, Scalze. <br />and the following voted against the same: None. <br />Whereupon said resolution was declared duly passed and adopted. <br />Michael I. Fahey, Mayor <br />Joel R. Hanson, City Administrator <br />Page 10 <br />