Ordinance 930-83 - Laserfiche WebLink

Section 1 . The assessments and assessment roll of Utility Local Improvement District No . 1 which has been created and established for the purpose of constructing and installing cer- tain sewer improvements serving the Southwest Everett area of the City, as provided by Ordinances Nos . 782-81 and 795-81, as the same now stand be and the same are in all things and re- spects approved and confirmed in the total amount of $14 , 268,421 . 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 is in his 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 date of first publication of such notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in 21 equal annual installments with interest thereon fixed at an estimated rate of 111/2 % per annum, except that if the net effective interest rate fixed on the water and sewer revenue bonds hereafter issued for Utility Local Improve- ment District No . 1 is other than 10% per annum, the interest rate on the unpaid assessments shall be revised to a rate of 1-1/2% in excess of the net effective interest rate on such bonds, such rate to be fixed hereafter by ordinance. The 'first - 2 -