84-088 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 port?_on of the costs of said improvements in the street and units therein set out, which a.re included in sa.id ordinance enacted on June 11, 1984, and the assess- ments 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 for the improvements in said units have been in no wise af.fected bv 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 improve.ments 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 improvernent in any particular street or unit in front of any parcel of property exempt from the lien of such assessmer_ts, 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-wi.t: (a) The City shall pay all of the costs of engineer_ing and double seal coat wearing surface. In cases where the City Council may deem i_t just and proper, the city shall also pay all or any part of the amount o£ any credited adjustment which may be allowed in the assessmen.t of abutting properties and the owner thereof, as herein provided, for tb.e cost of excavation, base preparation and drainage. The remaining costs of all such improvements shall be paid by r_he property abutting such portions of said str_ePt and the owners thereof. (b) The remainder of the costs of such improverlents shall be assessed against the respective abutting properties ar.d the real and true owners ther.eof_ in accordance with the sratutes of Texas and the Charter of the City of Paris herein refPrred to. No assessments shall be made against any abuttzng property or the real_ and true owner thereof for costs in excess of the benefits to such property zn en- hanced value thereof by rleans of such improvements. The amounts of such assessr!ents shall constitute a first and prior lien upon all such properties and a personal liability of the real a.nd true owne.rs thereof, wr.ether corr.ectly named or not, and shall be payable in installments as follows: When the improvements h.erei_r_ ordered for the street des- ignated above an.d portions thereaf have been completed and accepted by the City of Paris, the amount of the assessment against each propPrty abutting thereon and the real and true owner thereof shall be and become payable in five (5) equal annual principal ir.stallments, due respectively thirty (30) days after one (1), two (2), three (3), four (4) and fi.ve (5) years from the date of acceptance by the City, togPther with interest on each installrzent frori said date of accep- tance unti]_ paid at the rate of six per cent (6%) per annum, payable annually; provided, however., that the owner of any of said pr.operty shall have the pryvilege of paying all or any of said installments at an.y time befor.e maturity thereof by payir_g the total amount of the principal of such instal]_- ments, together with th.e ir.terest accrued thereon to the date of payment. Further, if default be made in the payr_lent of any of said installments or principa.l or interest promptlv as the same become due, then at the option of the City of Paris, the entire amount of the assessment upon which default is made, togethex with reasonable attorney's fees ard all collection costs incurred, shall be and become immecliarely due anci payable.