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7. The Council approves the Amended Engineer's Report and <br />each component part of it, including each exhibit incorporated by <br />reference in the report. <br />S. The Council finds that the Engineer of Work, in the <br />Amended Engineer's Report has fairly and properly apportioned the <br />cost of the improvement to each parcel of land in the assessment <br />district in proportion to the estimated benefits to be received by <br />each parcel, respectively, from the improvement. The City Council <br />hereby confirms and levies each individual assessment as stated in <br />the Amended Engineer`s Report. <br />9. This City Council orders the improvement described in <br />paragraph 2 and as detailed in the Amended Engineer's Report. <br />10. Serial bonds representing unpaid assessments, and <br />bearing interest at a rate not to exceed twelve percent (1296) per <br />annum, will be issued in the manner provided by the Improvement Bond <br />Act of 1915 (Division 10, Streets and Highways Code), and the last <br />installment of the bonds shall mature not to exceed twenty-four (24) <br />years from the second day of September next succeeding twelve (12) <br />months from their date. <br />11. According to Section 10603 of the Streets and <br />Highways Code, the City Council designates the Director of Finance <br />to collect and receive payment of the assessments. <br /> <br />3 <br />