HomeMy WebLinkAboutRESOLUTION 1988-65Suggested
CITY OF I~N~I
RF~OLU~O. 88-65
A RESOLUTION OF THE COUNCIL OF TI~ CITY OF KE~AI, ALASKA INITIATING A
SPECIAL J~SgSSNENT I~PROVEHENT P~ FOR RO~ P~VING ON ~T~I~
I~IEREJtS, the City intends to pave roads in the above-mentioned project
and desires to make an assessment against benefited real properties
adjacent to the project, and
WHEREAB, the Council directs that assessments shall be at 50% of actual
costs, w~th the assessed portion financed by the ~eneral Fund Capital
Improvement Reserve, and
· t~REAB, according to gNC 16.10.130, a future Council will set payment
terms after co~01etion of the proJeot~ however, this Council intends
that property owners will be offered a selection of payment terms, such
1) Immediate lump-sumpayment with no interest,
2) a ten-year payment schedule with Interest, or
3) a lien against the property which would be due with interest
upon transfer or sale of the benefited property.
NOW TI~RRFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RENAl,
~I~SKA, that in accordance with IO~C 16.05.040, a special assessmen~
improvement proposal for road paving on East Allak Drive and Htqhbush
Lane is hereby initiated, and that the City Nanager is directed to
investigate and report on said proposal.
PASSRD BY THE COUNCIL OF THR CITY OF KEI~II, ALASKA this 2?th day of
July, 1988.
u
Janet Ruotsala, City Clerk
Approved by Finance: ~
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