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(1) If the special ssments levied by <br />resolution of the City Council pursua*. s agreement are <br />adopted by it between October 10th of any year and April 10th of <br />the follow! *g year# it is understood and agreed that the Subdivider <br />will pay to the City Clerk one-half (1/2) of the first annual <br />installment with interest on or before May 31st next following the <br />levy# and will pay the remaining one half (1/2) of such first <br />install.lent with interest to the City Clerk on or before the <br />following September 30th. All remaining installments shall be paid <br />as assessments to the Treasurer of Hennepin County as and when the <br />general property taxes become d’>e upon said property. <br />(2) If the special assessments levied by the <br />City Council pursuant to this agreement are adopted between April <br />11th and October 9th of any year, then all installments due <br />hereunder shall be paid as assessments to the Treasurer of Hennepin <br />County as and when the general property taxes become due on said <br />property. (This section needs further discussion.) <br />C. Required prepayinent of Assess, rfflt UPQB tT <br />^ubdivider. If, before the entire improvement cost assessed or to <br />be assessed against the property in the benefited area is paid in <br />full, the Subdivi...er, its heirs, succssors or assigns, tranf'ers <br />such property or a portion thereof# the Subdivider hereby agrees# <br />for itself, its lieirs, successors and assigns, at its own cost and <br />expense to pay the entire unpaid improvement cost assessed or to be <br />assessed undtfr this agreement against the property to be <br />-15-