HomeMy WebLinkAboutORDINANCE 0457-1978 CITY OF KENAI
ORDINANCE NO. 457-78
AN ORDINANCE OF THE COUNCIL OF THE CITY OF KENAI, ALASKA
LEVYING ASSESSMENT AGAINST BENEFITED PROPERTY OF THE ROAD
ASSESSMENT DISTRICT ESTABLISHED BY ORDINANCE NO. 357-77 AND
ESTABLISHING RELATED PROCEDURES.
WHEREAS, Ordinance No. 357-77 established an assessment
district in conformance to law for the paving and installation
of appropriate drainage of Redoubt and Willow Street to the
Kenai Mall, and
WHEREAS, the cost of the project shall exceed the estimated
costs of $66,700 of which the maximum of $46,700 is assessable
against the benefited properties.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL of the City of
Kenai, Alaska as follows:
Section
The amount to be assessed against the benefited properties
is $46,700.
Section
Method of computation and schedule of as=essment are as
follows:
Properties benefited shall be assessed according to
square footage served. Each benefited lots served
square footage shall be computed by multiplication of
frontage on Redoubt Way to a maximum of 200 feet in
depth or to the rear of the lot line. Where Redoubt
Way terminates at private property, square footage
benefited shall be computed by the encompassed square
footage measured from th= edge of the right-of-way at
the point of intersection of private, benefited property
for a distance of 200 feet, and to include the logical
extension of Redoubt Way right-of-way for 200 feet.
ETOLIN SUBDIVISION
SQUARE FOOTAGE
ASSESSMENT
Lot 5 043-2'70-0500 39,153 $ 7,871.53
Lot 6 043-270-0600 44,132 8,872.53
ALYESKA SUBDIVISION
SQUAP~E FOOTAGE
ASSESSMENT
Lot 1 043-200-1200 22,510 $ 4,525.53
LOt 2 043-200-1100 19,470 3,914.35
LOt 3 043-200-1000 23,910 4,806.99
LOt 4 043-200-1900 50,228 10,098.10
Lot 4A 043-200-1800 32~883 6,610.97
TOTALS $232,286 $46,700.00
Ordinance #~-78, Page 2
Section
That payments of the assessments levied by this Ordinance
shall be made as follows~
A. If made in cash, a lum~ sum shall be due on or
before the 1st day of April, 1979.
B. If paid in installments, payments may be paid
over a period of ten (10) years in ten (10) equal
annual installments including interest at the rate
of eight (8) percent per annum. Said [nstall~ent
payments shall be due commencing on the 1st day of
April, 1980 and on the same day of the same month
in each successive year thereafter until discharged
in full.
C. Payment, if made in one lump sum, shall be
delinquent on the ist day of May, 1979.
D. If payments are made in installments, they
will be delinquent thirty (30) days after the due
day of payment of each individual installment.
E. The penalty shall be at the rate of ten percent
(10%) on delinquent payments.
F. Interest shall be due and payable on unpaid
installments and delinquent payments computed at
the rate of eight percent (8%) simple interest per
annum.
Section 4:
Owners of record of the lots to be assessed as listed
with the Borough Assessor's Office as of December 7,
1978 shall be notified by Certified Mail of this
assessment ordinance, a copy of which shall be provided.
Section 5:
A public hearing shall be held on this Ordinance on
January 17, 1979 at 7:00 p.m. in the Public Safety
Building. Written protest or objection to this Ordinance,
assessment roll, must be made before the public hearing.
day of January, 1979.
9~e C. Peter, City Clerk
PASSED BY THE COUNCIL OF THE CITY OF K~.NAI, ALASKA this 17th
VINCENT O' REiLL~ M~YOR
First P~ading~ Decemh~ 20, 1978
Second Reading~ January17, 1979
Effective Date~ February 17, 1979