HomeMy WebLinkAboutRESOLUTION 1968-63r ~~li.Tr"7 ii ~Fni
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RATIGYING T-TE ASSFS;FdFN7 F~~P -'UBLIC IMPROVEMENTS OF ,.~~ ,- ~•~~ ~'~/i~~~.z
IMPROVEMENT DISTRICT N0. ~ ESTAF3LISl+I~Jr n PAY~~fhT S~~~~+E~1~t~lf~, Fl~lrlr,
DELINQUENCY DATE, DECLARING AMOUNT OF F~ErJALTY AND IrJ1El'CST FOP LATE F'AYr4FMF5
OF ASSESSMENTS AND ORDERING A SUPPLEMEiJTAL ASSESSMENT ROLL -- FOR ETOLIr1
SUBDIVISION
WHEREAS, Etolin Subdivision located within the City 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 in benefits to the property itself and the
ancillary benefits such as lower fire insurance rates, etc.,
AND WHEREAS, the special na'rure of the area in question has been
determined by the Council to require individual and special handling,
NOW WHEREAS, the special nature of the area in question has been
determined by the Council to require individual and special handling,
NOW THEREFORE, the Council of the City of Kenai hereby resolves:
I. (a) That the administrative staff is hereby directed to take all
reesonabiy required action to collect the assessments due for the all bene-
fittod ro ert in the entire area within Etolin Subdivision, bill the owners
erbo and proper y irece ve n accoun or unds per a n ng thereto and
tncluding preparation of a supplemental assessment roll.
(b) "Benefitted property" is defined as a strip of subdivision
~. s ~ r~~l' `feet wide and contiguous to the West, South and East boundries of
Etolin Subdivision. Excluded from this definition is a strip of
subdivision land 150 feet in width contiguous to the North boundary which
would close a gap on the fourth side of the subdivision.
2. That assessment supplemental roll NI as certified settled far the
Improvement Di~s~trict No. J which said district was established by
Ordinance ~%"~-68, is hereby ratified as the official cost compilation
and alloca o~Tn for apportioning all the costs pertaining to said Improvement
• ! District.
!~ 3. Assessment costs for any Individual parcel of benefitted real
property may be paid as follows:
A. In a5 lu~bd sum.
i; B. ~-fA teA (10) eqqual annual payments which shall bear interest at
the rate of six (6$) per cent per annum on the unpaid balance commencing
on the date specified below.
C. Benetttted properties subJect to unpaid annual installments of
assessments shall receive a discount as specified Dy the discount
table maintained on file with the City Clerk when the entire balance
is paid In full in advance of the due date.
D. Delinquent payments shall be assessed a penalty of eight (8~)
per cent and the penalty and principal shall bear interest at the rate
of eight (8~) 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 with passage of thins resoluttor~.
i Unpaid assessments shall become dellnquar~: on or after / day of
1968. If a lump sum payment is not made for a
`~tie`~~
~~ parr e~ul-ar part ~perty the applicable assessment shall thereafter
payment account.
`~ be administered as a installment
PASSED on this ~ day of December, Ir)68. y1
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tlE. 0 I .~~M,-~yor
Attest:
FRI~NCES ~1'QF2Y 11 `',T~FI ~. (:-f-ty ~ ~rK ~~'-