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351 <br /> August 29,1984 <br /> in the LID area,but to defer payment of the appropriate <br /> single family r sidence o piaassessment <br /> r occupied family <br /> residence property i the LID a Theintent o e provisions <br /> requiring repayment of t only L the <br /> actual out-of-pocket c of(thee deferment.s Since compounding o£ <br /> the interest paid by costs City m the actual <br /> out-of-pocket c the,City,compounding not <br /> necessary e <br /> is <br /> 812-81. <br /> not an the.ointent of the deferment provisions of Ordinance d No. <br /> xplainea:ill Cushman,Finance D on <br /> • <br /> cEeCeL Do deferral interest and said this Director's, <br /> viewpoint <br /> t <br /> simple i rather than compound. Mayor resolution this w <br /> going to be considered as loaning public money/Wore asked <br /> vitixene <br /> and Mr. <br /> Jones said no,there as a statute that allows this type o <br /> process. <br /> Roll was called with all Councilman votitg yea except Councilman <br /> Overstreet who voted no. <br /> Motion Carried <br /> residentialJan property c asked if <br /> there was a possibility for teoPeetng the h etiee-se that she c ute <br /> bring heappraiser in and the C m <br /> Council could receive his t 1tf ony <br /> and Mr.Jones replied that there is no possibility of reopening the • <br /> •s <br /> hearing a the law does not alloy this a the my way[ her • <br /> appraiser could give testimony would be for her to go to court. <br /> CHANGE ORDER <br /> Roved by councilman pope,seconded by Councilman Michelson t adopt <br /> Change Order ti in the amount of , <br /> 23,715.00 CO t et pool <br /> renovation contract with Rutley Cole eeociatee Inc. • <br /> Rall vms called with all Councilmen voting yea except Councilmen <br /> Morrow who was absent from voting. <br /> Motion carried <br /> COUNCIL BILL 848-72 <br /> READIN <br /> FINAL O.ORDINANCE <br /> providing for the vacation of Paine Street <br /> • <br /> between 36than37th Street. <br /> City Attorney,referred to his m would not <br /> be possible t allow installment payents where <br /> charging <br /> interest'. His recommendation m e city council fix a longer <br /> Period h go eCdays to pay wasthe one-half appraised valuation, <br /> herefore,athis ordinance had n -off date in it. He did say the <br /> Finance and p Dept d not approve an open ended tame far <br /> payment.of this hype of money. <br />