HomeMy WebLinkAboutRESOLUTION 1987-04Suggested by= Administration
CITY OF KENA!
RESOLUTION NO. 87-4
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKAt
CONFIRMING THE ASSESSMENT ROLL ON THE EAGLE ROCK/TERN DISTRICT
AND FIXING PAYMENT,
WHEREAS, a public hearing has been held on the assessment roll
for the Eagie Rock/Tern Special Assessment District; and,
WHEREAS, Council finds that the assessment roll is proper.
NO#t 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 rol!
abel! be levied against the properties in the Eagle Rock/Tern
Assessment District and are to be used to repay the general fund.
Section }= Payments shall be fixed over a ten-year period~
with annual payments due beginning ganuary 1, 1988. Payments
shall be delinquent if not received by February 1, of each year.
Annual payments shall be in equal installments, including nine
percent (9~) annual interest. Delinquent installments will be
charged a penalty of ten (10~) percent on the entire installment,
along with additional interest accruing at the rate of nine
percent (9~) per year on the principal portion of the
installment.
PASSED BY THE COUNCIL OF
day of 2anuary, 1987.
THE CITY OF KENAI, ALASKA this seventh
~N ~ILLIAMS, MAYOR
ATTEST=
et Whelan, City Clerk
Approved by Flnance~ ~
12/)1/86
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