HomeMy WebLinkAboutRESOLUTION 1968-64F~- - ..~.,.._~__ _..
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Ct~ty of •cenai -- Resolution 6B- ~
R1~T~FYiNG iHF ASSfSS~~EP.T fpP PURL~C IMPRnyEME~JrS nF ~~~/•~ _ ____ __
IMPUpVE-rE'JT DI STR IC1 NO. l! ESTAEIL I SNING A PAY'~FN' SC"f.:uLF , E I i i N';
t)Ell"•:1Ui~NCY DATE, [)ECLARIN A OuNT OF PE(:ALTY AND I'JTE-~EST FpR LAr~ ~~A~~lr^+i"~
C:F ASSESS'••'"NT$ ANO ORDERING A SU~'PLFME`JTAL ASSESSi~fNT AQII -- fOR E_T ~L i"+
' SUB~'IViSi~N
WHEREAS, Etolin Subdivision located within the :;ity of /enai
contains a unique development as compared to any other development or aroma
' withlr• the Clty,
WHEREAS, the uniqueness of the developmenr of Ftolln Subdivision
is -~fle~fed in greater measure in benefits to ttie property itself and 'he
an;~l~arv benefits such es lower fire insurance rates, etc..
ANC WNFRCAS, the special nature of the area in question has been
d~•-~rT:ne~ by the Council to require individual and spect»I handlinn,
NOW WHfp'"1~5, the special nature of the area in question r•as been
de•••rm~r•c•; by the ',ouncll to require individual and specia~ handli~:;,
'IOW THERErORE, the Council of the City of venal hereby resolves:
1. ta) That the administrative staff is hereby directed to take all
rea~c:nably required action to collect the assessments due for the all ben~-
~ittyd property in the entire area within Etolin Sundivision, bill the o Hers
ereof and proper y rece ve n accoun or un s per a n ng thereto end
including preparation of a supplemental assessment roll.
ib) "Benefitted property" is defined as a strip of subdivision
rand l5~ feet wide and contiguous to the West. South and East GcrunCrtes of
?hp ~rntire Etolin Subdivision. Excluded from this definition is a strip of
subdivision land ISO feet in width contiguous to the North boundary which
wo~id close a gap on the fourth side of the subdivision.
2, That assessment supplemental roll NI as certified settled for the
Improvement District No. ~ which said district was established Dy
Ord Hance ~ ~~ 6A, is hereby ratified as the official cost compilation
and allots on or apportioning all the costs pq,rtaininq to said Improvement
~istriCt.
3, Assessn(ent costs for any. individual parcel of benefitted real
property may be paid as follows:
A, In a lump sum.
B. In teh (10) a ual annual pavmants which shall bear interest a•
the rate of six (6~) per cent per annum on the unpaid balance commencing
on the date specified below.
C. Benefitted properties suDJect to unpaid annual Installments of
assessments shall receive a discount as specified by the discount
tatle maintained on file with the pity Clerk when the entire balance o
is paid in full In advance of the due date.
D. Delinquent payments shell be assessed a penalty of eight (81j1
per cent and the penalty end principal shall bear interest at the ra'~
of eight i8~1 per cent per annum from the Oate of delinquency.
q. That the lump sum payment in full or the first annual installment
payments are due and payable ef~ective with passage of this resolution.
Unpaid assessments shall beco~H del•Inquent on or after ~ day of
/!'lC~~~~, , 1 qs.:J , t t a I ump sum payment i 5 not made fpr e
Nar~;.ular p ce o property the applicable assessment shall thereafter
be a;ministe ed as a instal~•ren' payment account.
aASSEi~ on thtt ~~ day of December, 1968. ~
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