HomeMy WebLinkAboutRESOLUTION 1996-15Suggested by Administration
City of Xenai ...
RB~LUTIOS SO. ge'~S
-~ ~ESOL~iO. OF THZ CO~CIn OF THE' city OF-X~AI, "-ALASxA' "
CO~za~I.~G TH~ ASs~.ssPiZN~ ROn~ ON ~"' ~0m'SON"'P~eX WAT~
ANDSEb'ER SPECXAL ASSESSMENT DXSTRXCTAND FIXING'PAYMENT,'
WHEREAS, a Public hearing has been' held' on' the final
assessment roll for the Thompson Park Water and Sewer
Special Assessment District.; and
Council finds that the
assessment roll is proper, ..
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF
KENAI, ALASKA, that:
Section 1:. The assessment roll attached to this
Resolution is confirmed by the Council.
Section 2: Assessments as identified on the assessment
roll shall be levied against the properties in the
Assessment District and are to be used to"repay the Water'
and sewer Special Revenue Fund. ...... ·
Section 3:r.. Payments shall be fixed.over :a nine and.
one'half.'year period, With annual paYments due on August.1
of.each year.' The. first payment iS. due August 1, 1996,'..~
Payments shall be delinquent if not. received by september 1.
of each. year. Annual payments shall be in equal
installments in an amount to be determined by.the City of
Kens! for each property owner with annual interest at'7;75%.
Delinquent .installments will be charged penalty of ten.(10%)
percent on the entire installment, along with additional ....
interest accruing at the rate of 10% per year on the ainou]lt
of' the installment compounded monthly on a 30/360 basis.
ASsessments may be paid in full without interest if received
by May 8, 1996.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 7th
day of February, 1996.
ATTEST:
..... . -.._ Approved. by Finance:
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