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~~;`. -2- COLBMAN. BEANHOu & DICKERSON ATTORNEYS AT LAW CHAPEL HLLL. N-C- HILLSBOROUGH. N.C. Transportation of the State of North Carolina. 2. The basis for assessment for the local share of the cost of this project shall be the cost to Orange County per linear foot of street frontage, including County adminis- trative expenses and attorney's fees. 3. Orange County will assess the total local share according to the basis set out in Number 2 above which local share represents approximately forty-five (45) percent of the total project cost. abeyance. manner: 4. No assessments of this project wall be held in 5. The assessment shall be paid in the following a. Within thraty (30) days after the Notice of Confirmation of the Assessment Rale is publa.shed, each owner of the property may pay his assessment in full_ b. Any assessment not paid in full as provided above shall be paid in five (5) equal.annual installments with the first such installment, with interest, due sixty (60) days after the date that the Assessment Rale is confirmed, and the remaining installment, with interest, due on the same date in each successive year until the assessment is paid in full. 6. The County Manager is directed to determine the costs, including County administrative expenses and attorney' fees and to prepare a Preliminary Assessment Role which will contain a brief description of each ~ ot, parcel or tract of land assessed, the basis for the assessment, the amount assessed against each, the terms of payment, and the name of _ the owner of each lot, parcel or tract as far as this can be determined from the County tax records. This Resolution is effective upon its passage. Thereupon, on motion duly made and seconded this II Resolution was passed by the following vote: Ayes: Commissioners Richard Whitted, Norman 4Jalker Norman Gustaveson, Anne Barnes and Don Willhoit