Ordinance 66-70 - Laserfiche WebLink

• Sr �.� upon said roll. There is hereby levied and assessed against each lot, tract, parcel of land and other property appearing upon said roll the amount finally charged against the same thereon. Section 3: The assessment roll as approved and confirmed shall be filed with the Treasurer of the City of Everett for collection and said City Treasurer is hereby authorized and directed to publish notice as required by law stating that said roll is in his hands for collection and payment of any assessment thereon or any portion of said assessment can be made at any time within thirty days from the date of the first publication of said notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in twenty equal annual installments with interest thereon hereby fixed at the maximum rate of the law specified. The first install- ment of assessments on said 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 roll is 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 assessments remains unpaid after the thirty-day period, interest upon the whole unpaid sum shall be charged at the maximum rate of the law specified per annum and each year thereafter one of said in- stallments, together with interest due on the whole of the unpaid balance, shall be collected. Any installment not paid prior to the expiration of the said thirty-day period during which such installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a penalty charge of 5% per annum on the delinquent principal. The collection of such delinquent installments will be enforced in the manner provided by law. Section 4: In the event any property owners within LID 690 may hereafter desire to eliminate parking area within the lifetime of LID 690 for which parking credits have been given by the City of Everett they shall pay to the City Treasurer of the City of Everett a charge in lieu of assessment which shall be in an amount equivalent to the parking credits previously received pro-rated over the period of LID 690 including such interest as would have been payable over the 20-year period. Said charge in lieu of assessment shall not affect requirements for off-street parking set forth in City of Everett zoning ordinances. Said charge shall be equivalent to the charges for the local improvement district zone in which the property is located, and all sums so collected by the City Treasurer shall Page 2