HomeMy WebLinkAboutORDINANCE 1174-19860
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Suggested bys Administration
CITY OF KENAI
ORDINANCE NO. 1174-86
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA9
AMENDING KENAI MUNICIPAL CODE 16.20.020 TO CONFORM WITH CURRENT
STATE STATUTORY REQUIREMENTS REGARDING FORECLOSURE OF ASSESSMENT
LIENS.
WHEREAS9 the present K14C 16.20-020 provides that lions upon
properties may be enforced as provided in AS 29.53.200 through AS
29,53.390; and,
WHEREAS, those statutes have been repealed and are no longer
operative.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA9 that KNC 16.20.020 shall be amended Be follows:
16.20.020 Foreclosure of Assessment Lienes
R.
Assessments are -1-i-ens upon the property assessed and are
prior and paramount to all lions except municipal tax liens.
They may be enforced asprovided in Alaska Statuteep
ESECTION 29.53.200 THROUGH SECTION 29.53.3901 Section
defau t in a
29,45.290 through Section 29.45.500* Upon
payment due on an assessment district financed by general
obligation bonds, the City Council may enforce payment of
principal and interest, and cost of collection in a civil
action in the some manner and with the same effect 88
actions for the foreclosures of mortgages on real property.
Foreclosure shell be against all property on which
assessments are in default. The period of redemption shall
be the same as in the case of mortgage foreclosures on real
property. Monies received from actions taken against
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property for non-payment of assessment shell be credited to
the Sinking Fund. Upon
default in a payment due on an
assessment district financed by special assessment bonds# a
bond holder or the City
Council may also enforce payment of
principal and interest
and costs of collection in a civil
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action as herein above
outlined.
PASSED BY THE COUNCIL OF THE
CITY OF KENAIp ALASKA# this 19th day
of November, 1986.ell
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ATTEST a
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ne a ens, City Clerk
First Readings November S, 1986
Second Readings November 199 1986
Effective Dates December 199 1986
Approved by Finances eqd
10/24/86
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