HomeMy WebLinkAboutRESOLUTION 1968-62. ~ ~
City of Kenai -- ttesolutlon 68- •o~
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RAT 1 Fv I NG THE ASSESSMENT FOP PURL I C IMPROVEMENTS ~F ,/~/~/~. - -~ •~~ ~~i•~~.,;~~-
IMPROVEMENT DISTRi~~ N0. , ESZABLiSHINC 4 PAYMENT SC~iFUULE, Flx-Mf,
DELINQUENCY GATE, DECLARI OUNT OF PENALTY AND INTEFEST FOR LArt F'A-'MENT$
OF ASSESSMENTS AND ORDlRING A SUPPLEMENTAL ASSESSMENT ROLL -- FOP ETOLIN
SUBDIVISION
MtHEREAS, Eto11n Subdivision•located within the pity of Kenai
contains a unique development as compared to any other development or area
within the City,
WHEREAS, the uniqueness of the development of Etolin Subdivision
is reflected in greater measure Sn benefits to the property itself and the
ancillary benefits such as loner fire insurance rates, etc.,
AND MHEREAS, the special nature of the area in question has boen
de~ArM~•~ee by the Council to require individual and special handling,
NOW WHEREAS. the special nature of the area in question has been
determined by the Connell to require Individual and special handling,
NOW THEREFORE, the Council of the Ctty of Kenai hereby resolves:
i. (a) That the administrative staff is hereby directed to take all
reasonably required action to collect the assessments due for the all bene-
fitted property in the entire area rtthtn Etolin Subdivision, bill the o~irs
f~erbo an roper y ace • h ccoun or un s per a n ng thereto snM
including preparation of a supplemental assessment roll.
(bI "Henefitted property" is defined as a strip of subdivision
•~thed •O~f~et3Mid _~en ontiguous to the West, South and East boundrles of
DDDD Excluded from this deftnitton is a strip of
subdivision land 150 feet to Midth contiguous to the North boundary which
could close a gap on the fourth side of the subdivision.
?. That assessment supplemental roll 11 as certified settled for the
Improvement District No. T Mhich said district was established by
Ordinance J~~68, is hereby ratified es the otfictal coat comptlattoe
and alloca obi n ~r apportioning all the costs pertaining to said Inlproveslent
District.
3. Assessslent costs for any Individual parcel of benetttted real
property may bs paid as tollors:
A. In a fulh~ ~susl. ~ , ~,.
t3. •-tn tab l10) a ual annual payments which shall Dear Interes# at
the rate of six (6~) per cent per annum on the unpaid balance coameecing
on she date spectfled OetoM.
C. Benefltted properttss subJect to unpaid annual Installments of
assessments shall rscetve a dtacount as specified Dy the discount
table maintained on file with the Ctty Clerk when the entire balance s
is paid in full in advance of the due date.
[), Delinquent payments shall be assessed a penalty of eight (8f)
per cent and the penalty end principal shall bear interest at the rate
of eight (8'l) per cent per annum from the date of delinquency.
4. That the lump sum payment in full or the first annual Installment
payments are due and payable effective Mith passage of this resolution.
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Unpaid assessments shall become day of
dallnquent on or after
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t~ 1968. If a lump sum payment Is not made for •
aa~~Tc~~ ar parce i property th e applicable assessment shall thereafter
be adm! m
ant
ntstered es a lnstali payment account.
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PASSED on this '`~` d ay of December, 1968.
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