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011 <br /> ORDINANCE NO. 737- 1. <br /> AN ORDINANCE amending Section 4 of Ordinance No. 733-80 providing <br /> a penalty provision for all Local Improvement District accounts which <br /> are delinquent. <br /> WHEREAS, certain L.I .D. ordinances which have been adopted by <br /> the City have included a twelve percent (12%) penalty provision for <br /> delinquent assessments ; and <br /> WHEREAS, the City Council finds that the penalty provisions <br /> should be standard for all L. I .D. 's; <br /> NOW, THERFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> that Section 4 of Ordinance 733-80 which reads as follows: <br /> Section 4: That a penalty of ten percent (10%) of the current <br /> and/or prior year's assessment amounts deemed delinquent shall be <br /> charged by the City Treasurer in addition to the assessed principal <br /> and interest. <br /> is hereby amended to read: <br /> Section 4: All delinquent assessments shall be charged a <br /> twelve percent (12%) penalty to be levied upon both principal and <br /> interest due on such assessments. <br /> c <br /> ,ei2,;):777_z_ ze_, <br /> MAYOR <br /> ATTEST: <br /> / (2Z:z ... .A..ef__,L_ <br /> City Clerk <br /> Passed: — .qo- ..2 <br /> Valid: 'Si- ;?..5-= g..3 <br /> Published: - . 02g- JF3 <br />