58-04RESOLUTION~~$-~.
~THEREAS, the City of Atlantic Beach, Florida proposes
to construct a sewer system, the collection line of such system
to be financed and paid for from the proceeds of special assess-
ments made against the land and properties serviced thereby;
N6'~ THEREFORE, BE TT RESOLVED that the ordinance pro-
viding for the levy of said assessments sha11 provide that the
same be payaIDle in three installments, the first of which shall
be due and payable upon completion of construction~:~ of said line;
the second installment a year thereafter, and the third inst~.ll-
ment two years thereafter, and that a discount of ~.~ of the
amount of said second and third installments be allowed for
payment of said second and third installments in full at the
time said first installment becomes payable; and a discount of
2f of the amount of said third installment if paid when said
second installment becomes due; and that any installment not
paid when due shall thereafter bear interest at the rate of
eight per cent. per annum until paid.
3,, Slw J..~ ~ ~~. ~: Sou ~ ~ ?~r .i, .~. J.
A~ 1 1^ ~~.
Passed by the City Co }mission on Fegru~ry 21~th, lq5$. `V ,`` Y ~ ~ `'
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' Adele S. ~ Grage, City 'C erk_ ~ "`~ /.~
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