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respectively, and such amount so set out is hereby levied against each of the respective lots, <br />pieces and parcels of land therein described. <br />2.) The proposed assessments are hereby adopted and confirmed as the proper special <br />assessments for each of said lots, pieces and parcels of land respectively, and the assessment <br />against each parcel, together with interest at the rate calculated at 2% over the interest cost <br />per annum on the bonds to be issued by the City for said improvement, accruing on the full <br />amount thereof unpaid, shall be a lien concurrent with general taxes upon parcel and all <br />thereof. The total amount of each such assessment not pre -paid shall be payable in equal <br />annual principal installments extending over a period of years, as indicated in each case. The <br />first of said installments, together with interest on the entire assessment for the period of <br />January 1, 2025 through December 31, 2025 will be payable with general taxes for the levy <br />year of 2024 collectible in 2025, and one of each of the remaining installments, together <br />with one year' s interest on that and all other unpaid installments, will be payable with <br />general taxes for each consecutive year thereafter until the entire assessment is paid. <br />3.) The owner of any property so assessed may, at any time prior to certification, make <br />payments (partial or full) towards the balance owed. The owner may, at any time after <br />certification, pay the whole of the assessment, with interest accrued to the date of payment, <br />except that no interest be charged if the entire assessment is paid by November 30th of the <br />assessment year. <br />4.) The City Clerk shall, as soon as may be, prepare and transmit to the County Auditor a <br />certified duplicate of the assessment roll, with each installment and interest on each unpaid <br />assessment set forth separately, to be extended upon the property tax lists of the County and <br />the County Auditor shall thereafter collect said assessment in the manner provided by law. <br />Adopted this 231 day of April, 2024. <br />ATTES <br />Ci Clerk <br />Reviewed for administration: <br />Wendy Webst6r, Mayor <br />Charlie Yunker, City Manager <br />SMCouncil Meetings\2024\04232024\Street Pwject\Resolution 24-032.docz <br />