2000/10/25 Council Minutes - Laserfiche WebLink

October 25,2000 Roll was called with all courcilmembea voting yes except Councilmember Pope who was excused. Motion carried. PUBLIC HEARING—AMENDMENT//BIA ORDINANCE President Campbell opened a public heating regarding Council Bill No.0010- 42,a proposed ordinance amending BOA Ordinance No.2097-95,waiving penalties and interest if entire principal balance is paid during a 90 day period and allowing for certain credits. President Campbell invited public comment. Ned Johnston,Assistant City Attorney.explained the purpose of the amendment and the prohtena it seeks to solve and gave a brief history of the Business Improvement Area. He doted that the Budget and Advisory Committees recommend passage of the amendment so that the delinquencies will be brought Couocilmember Simpson questioned what wand happen to those accounts which are not brought current within the 90day grace period. Ned Johnston stated that the City will commerce collection action on those accounts. Courcilmemher Gipson expressed concern regarding recent purchasers having only 90 days to pay a large assessment incurred by the previous owner and wondered if the City could offer them installment payments.Ned stated that a decision has not been made as to whether instalment payments would be appropriate. Councilmember Gipson questioned whether that decision should be part of this amedmeot. Ned responded that it isn't necessary for it to be part of the ordinance.It would fall into the category of a collection procedure. Councilmember Warnock asked if there are conditions iv this ordinance to protect purchasers who buy property with an assessment against it after the 90-