HomeMy WebLinkAboutResolution No. 2004-05Suggested by: City Council
CITY OF KENAI
RESOLUTION NO. 2004-05
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, CONFIRMING
THE ASSESSMENT ROLL ON THE SCHOONER CIRCLE IMPROVEMENT SPECIAL
ASSESSMENT DISTRICT.
WHEREAS, a public hearing has been held on the final assessment roll for the
Schooner Circle Improvement Special Assessment District; and,
WHEREAS, Council find the assessment roll is proper.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA,
Section 1:
Council.
The assessment roll attached to this Resolution is confirmed by the
Section 2: Assessments as identified on the assessment roll shall be levied
against the properties in the Assessment District and are to be used to repay the
General Fund.
Section 3: Payments shall be fixed over a five-year period, with annual
payments due beginning on the first business day of February, 2005. Payments shall
be delinquent if not received by the first business day of March of each year. Annual
payments shall be in equal installments, including ten percent (10%) annual interest.
Delinquent installments will be charged a penalty of ten percent (10%) on the entire
installment with interest accruing at the rate of ten percent (10%) per year on the
unpaid principal portion of the installment. Assessments may be paid in full without
interest if received by July 1, 2004.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 21st day of
January, 2004.
ATTEST:
Carol L. Freas, City Clerk
~H ~I~,IA1VI~,MAYOR
Clf
Approved by Finance'
FINAL ASSESSMENT ROLL
04943019 Bingham
04943020 Weaver
04943021 Chivers
04943022 Scallan
04943023 Jensen
SCHOONER CIRCLE LID
Properties to be assessed: Lots 1-5 Block 3 VIP Park Estates Subdivision
i
I25%
100% Assessment
'owners
Adjustment Assessment
I 1.55 67,518 0.259631
2 1.14 49,658 0.190955
3 1.18 51,401 0.197655
4 1.12 48,787 0.187605
5 0.98 42,689 0.164154
14,578 3,645 (2187) 1458
10,722 2,680 547 3227
11,098 2,775 547 3321
10,534 2,633 547 3180
9,217 2,304 547 2851
TOTAL
Project Costs
Admin.
Engineering
Construction
Total
5.97 260,053 100%
1,081
6,250
48,818
56,149
56,149 14,037
14037