90-028 ORD CLOSING HEARING GIVEN TO REAL AND TRUE OWNERS OF PROPERTY ABUTTING UPON A CERTAIN STREET IN COP

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/ Section 5. The assessments levied in Section 4, above, are for a portion of the costs of said improvements in the street and units therein set out, which are included in said ordinance enacted on July 9, 1990, and the assessments for the improvements in said units are in no wise related to or connected with the improvements or assessments in any other street or unit described in said ordinance, if any; and in levying said assessments the amount so assessed tor the improvements in said units have been in no wise affected by any fact or thing in any way connected with the improvements or by the assessments therefor in any other of said units. The omission of the improvements in any of said streets or units as a whole shall in no wise affect or impair the validity of the assessments in any other of said units and the omission of the improvement in any particular street or unit in front of any parcel of property exempt from the lien of such assessments, or against which a valid property assessment cannot be levied, shall in no wise affect or impair the validity of the assessments against the other properties in such unit. Section 6. The costs of said improvements shall be paid as follows, to-wit: (a) The City shall pay all ot the costs of drainage installations, wherever located, if any, all the costs of excavation, base preparation and paving within street intersections, and not less than one-third of the costs of excavation, base preparation and paving all other portions of the street involved. In cases where the City Council may deenl it just and proper, the city shall also pay all or any part of the amount of any credited adjustment which may be allowed in the assessment of abutting properties and the owner thereot, as herein provided, for the cost of exca- vation, base preparation and paving, and of installation of curbs and gutters. The remaining costs of all such improve- ments shall be paid by the property abutting such portions of said street and the owners thereof. (b) The remainder of the costs of such improvements shall be assessed against the respective abutting properties and the real and true owners thereot in accordance with the statutes of Texas and the Charter of the City of Paris herein referred to. No assessments shall be made against any abutting property or the real and true owner thereof for costs in excess of the beneFits to such property in en- hanced value thereof by means of such improvements. The amounts of such assessments shall constitute a first and prior lien upon all such properties and a personal liability of the real and true owners thereof, whether correctly named or not, and shall be payable in installments as follows: When the improvements herein ordered for the street des- ignated above and portions thereof have been completed and accepted by the City of Paris, the amount of the assessment against each property abutting thereon and the real and true owner thereot shall be and become payable in five (5) equal annual principal installments, due respectively thirty (30) days after one (1), two (2), three (3), four (4) and five (S) years from the date of acceptance by the City, together with interest on each installment from said date of accep- tance until paid at the rate of six per cent (6%) per annum, payable annually; provided, however, that the owner of any of said property shall have the privilege of paying all or any of said installments at any time before maturity thereof by paying the total amount of the principal of such install- ments, together with the interest accrued thereon to the date of payment. Further, if default be made in the payment of any of said installments or principal or interest promptly as the same become due, then at the option of the R~ 0408 PacE 9