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• <br /> NOTICE OF PUBLIC HEARING <br /> ON <br /> PRELIMINARY ASSESSMENT RESOLUTION ADOPTED BY <br /> THE ORANGE COUNTY BOARD OF COMMISSIONERS TO <br /> FINANCE THE LOCAL SHARE OF THE COSTS OF PAVING <br /> MACE ROAD (S.R. 1384), 1N CHEEKS TOWNSHIP, <br /> ORANGE COUNTY, NORTH CAROLINA. <br /> Notice is hereby given that, pursuant to Article 9 of Chapter 153A of <br /> the General Statutes of North Carolina, the Board of Commissioners of Orange <br /> County has adopted a Preliminary Assessment Resolution as follows: <br /> 1. Orange County shall undertake financing of the local share of <br /> paving Mace Road (S.R. 1384), in Cheeks Township, Orange County, North <br /> Carolina. <br /> 2. The basis for assessment for the local share of the costs of this <br /> project shall be at an equal rate per lot. <br /> • Orange County will assess the total local share according to the <br /> basis set out in number 2 above which local share represents approximately <br /> twenty-seven percent (27%) of the total project cost. <br /> 4. No assessments of this project will be held in abeyance. <br /> 5. The assessments shall be paid in the following manner: <br /> a. Within thirty (30) days after the notice of confirmation of <br /> the assessment roll is published, each owner of the property <br /> may pay his or her assessment in full. <br /> b. Any assessment not paid in full as provided above shall be paid in <br /> five equal annual installments with the first such installment, with <br /> interest, due when 1983 property 'taxes are due, and the remaining <br /> installments, with interest, due on the same date in each <br /> successive year until the assessment is paid in full. <br />