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of Finance shall cause notice of the adoption of this Resolution and the filing of <br />said estimated assessments as provided in Section 14 of said Article XVI. <br /> <br /> Section 8. That the assessments to be levied shall be paid in ten (10) <br />semiannual installments, with interest on deferred payments at the same rate as <br />shall be borne by the bonds to be issued in anticipation of the collection thereof <br />which is now estimated at 7 per cent (7%) per annum, provided that the owner of <br />any property assessed may, at their option, pay such assessment in cash within <br />thirty (30) days after receipt of the City's invoice. <br /> <br /> Section 9. That bonds of the City shall be issued in anticipation of the <br />collection of assessments by installments and in an amount equal thereto. <br /> <br /> Section 10. That the remainder of the entire cost of said improvements <br />after application of the assessments herein provided, shall be paid by the <br />issuance of bonds in the manner provided by law. <br /> <br /> Section 11. It is found and determined that all formal actions of this <br />Council concerning and relating to the passage of this resolution were adopted in <br />an open meeting of this Council, and that all such deliberations of this Council <br />and of any of its committees that resulted in such formal action were in meetings <br />open to the public in compliance with all legal requirements. <br /> <br />President of Council <br /> <br /> <br />