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f�. MAP/PARCEL NO. PROPERTY OWNERS & ADDRESS OF PROPERTY SPECIAL ASSESSMENT 33-266 First & Merchants National $ 4,496.14 Bank & Cecile C. Shapero, Co -Trustees 201-203 W. Main Street 33-267 Florence Walters 5,783.89 205-207 W. Main Street 33-268 Betty B. & John A. Sacco 2,708.05 211 W. Main Street 33-269 Nick G. Theodose & 3,355.53 David F. Cooke 213 W. Main Street 33-272 S & C Security, Inc. 5,489.59 219-221 W. Main Street 33-273 James T. Graves 3,561.57 223 W. Main Street 33-274 Sophia Tripolos, Trustee & 3,554.56 Elaine Bertis, Trustee 100-106 Preston Avenue & Main Street SECTION 5. The amounts assessed pursuant to Section 4 hereof shall be billed to the owners of such properties and charged to and collected by the City Treasurer in the manner prescribed by law. Such amounts shall be payable on or before March 1, 1981; provided that the owner of any such property may elect to pay one-tenth of the amount of such assessment on or before March 1, 1981, and one-tenth on or before March 1 in each of the next succeeding nine years. In the event any installment of such assessment is not paid on or before March 1 the owner shall incur a penalty of five per •centum of the amount of such delinquent installment. In the event any owner of such property elects such installment method of payment, or otherwise fails to pay the entire amount thereof on or before March 1, 1981, the Treasurer shall also charge and collect interest on the remaining unpaid balance thereof and any penalties, at the rate of six per centum per annum from such date until the entire amount has been paid in full. SECTION 6. The amount of each such assessment with applicable penalties or interest shall constitute a lien on the property against which it is levied until paid in full. The City Attorney is hereby authorized and directed to record a copy of this ordinance in the judgment lien docket of the Clerk's Office of the Circuit Court as provided by 515.1-247 of the Code of Virginia, to perfect such liens. SECTION 7. If any part, section, clause or phrase of this ordinance, • or any individual assessment levied hereby, is declared to be unconstitu- tional or invalid for any reason, such decision shall not affect the validity of any other portion hereof. SECTION 8. This ordinance shall be effective immediately upon its adoption.