Ordinance 2434-99 - Laserfiche WebLink

Section 1: After due consideration, and being fully informed and advised, the City Council finds the per connection method of assessment to be the most fair and equitable method available, and more properly reflective of the special benefits to the affected lots, tracts and parcels of land than any other methods. The assessments and assessment roll of Local Improvement District No. 736, which has been created and established for the purpose of constructing sanitary sewer improvements on 100th Street SE,between 21st Avenue SE and a point 150 east of 23rd Drive SE, and on 23rd Drive SE, south of 100th Street SE, as provided by Ordinance No. 2296-98, as the same now stand shall be and the same are approved and confirmed in all things and respects in the total amount of$181,736. Section 2: Each of the lots,tracts,parcels of land and other property shown upon the assessment roll is determined and declared to be specially benefited by this improvement in at least the amount charged against the same, and the assessment appearing against the same is in proportion to the several assessments appearing upon the roll. There is levied and assessed against each lot, tract or parcel of land and other property appearing upon the roll the amount finally charged against the same thereon. Section 3: The assessment roll as approved and confirmed shall be filed with the City Treasurer for collection and the City Treasurer is authorized and directed to publish notice as required by law stating that the roll in her hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within thirty days from the date of first publication of such notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in 20 equal annual installments. The estimated interest rate is stated to be 6.65%per annum with the exact interest rate to be fixed in the ordinance authorizing the issuance and sale of the local improvement bonds for Local Improvement District No. 736. The first installment of assessments on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the date of first publication by the City Treasurer of notice that the assessment rill in his hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of the assessment remains unpaid after the first thirty-day period, interest upon the whole unpaid sum shall be charged at the rate as determined above, and each year thereafter one of the installments together with interest due on the unpaid balance, shall be collected. Any installment not paid prior to expiration of the thirty-day period during which such installment is due and payable shall thereupon become delinquent. Each delinquent