Ordinance 1570-89 - Laserfiche WebLink

1 the several assessments appearing upon the roll . There is 2 levied and assessed against each lot, tract or parcel of land 3 and other property appearing upon the modified roll the amount 4 finally charged against the same thereon. 5 Section 3 . The assessment roll as thus approved and 6 confirmed shall be filed with the City Treasurer for collection 7 and the City Treasurer is authorized and directed to publish 8 notice as required by law stating that the roll is in his hands 9 for collection and that payment of any assessment thereon or any 10 portion of such assessment can be made at any time within thirty 11 days from date of first publication of such notice without 12 penalty,y, interest or cost, and that thereafter the sum remaining 13 unpaid may be paid in twenty equal annual installments . The 14 estimated interest rate is stated to be 8 . 5% per annum, with the 15 exact interest rate to be fixed in the ordinance authorizing the 16 issuance and sale of the local improvement bonds for Local 17 Improvement District No . 726 . The first installment of assess- 18 ments on the assessment roll shall become due and payable during 19 the thirty-day period succeeding the date one year after the 20 date of first publication by the City Treasurer of notice that 21 the assessment roll is in his hands for collection and annually 22 thereafter each succeeding installment shall become due and 23 payable in like manner . If the whole or any portion of the 24 assessment remains unpaid after the first thirty-day period, 25 interest upon the whole unpaid sum shall be charged at the rate - 4 -