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^•1 <br /> North Carolina. <br /> 2. That the basis for assessment for the local share of the costs of <br /> this project shall be frontage abutting the road at an equal rate per foot of <br /> frontage. <br /> 3. Orange County will assess the total local share according to the <br /> basis set out in number 2 above which local share represents approximately thirty <br /> percent (30%) 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 role 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 <br /> paid in five equal annual installments with the first such <br /> installment, with interest, due when 1984 property taxes are <br /> due, and the remaining installments, with interest, due on <br /> the same date in each successive year until the assessment is <br /> paid in full. <br /> IT IS FURTHER RESOLVED AND ORDERED that a public hearing on <br /> all matters covered by this preliminary assessment resolution will be held on the <br /> 20th day of December, 1983, at o'clock p.m,,, during the regular <br /> meeting of Te Board of Commissioners of Orange County, Orange County <br /> Courthouse, Hillsborough, North Carolina. <br /> The Clerk to the Board of Commissioners is hereby authorized and <br /> directed to cause a notice of the public hearing to be given by pubication one <br /> time, not less than Ten (10) days prior to December 20, 1983, the date set for <br /> -2-- <br />