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HomeMy WebLinkAbout3354CITY OF KENT, WASHINGTON ORDINANCE NO. 335 AN ORDINANCE of the City of Kent, Washington, approving and confirming the assessments and assessment roll of Local Improvement District No. 347 for the improvement to be made by the installation of a fully actuated 8 -phase traffic signal with pedestrian detection and crossing indications at the intersection of West Meeker Street and Russell Road, including the installation of a southbound to westbound right turn lane, and related improvements, as provided by Ordinance No. 3294, and levying and assessing a part of the cost and expense thereof against the several lots, tracts, parcels of land and other property as shown on the assessment roll. WHEREAS, at the time and place fixed and designated in the notice the hearing was held, all written protests received were considered and all persons appearing at the hearing who wished to be heard were heard, and the City Council, sitting and acting as a Board of Equalization for the purpose of considering the roll and the special benefits to be received by each lot, parcel and tract WHEREAS, the assessment roll levying the special assessments against the property located in Local Improvement District No. 347 in the City of Kent, Washington (the "City"), has been filed with the City Clerk as provided by law; and Y-4 WHEREAS, notice of the time and place of hearing thereon and making objections and protests to the roll was published at and for the time and in the manner provided by law fixing the time and place of hearing thereon for the 15th day of July, 1997, at the hour of 7:00 p.m., local time, in the Council Chambers in the City Hall, Kent, Washington, and further notice thereof was mailed by the City Clerk to each property owner shown on the roll; and WHEREAS, at the time and place fixed and designated in the notice the hearing was held, all written protests received were considered and all persons appearing at the hearing who wished to be heard were heard, and the City Council, sitting and acting as a Board of Equalization for the purpose of considering the roll and the special benefits to be received by each lot, parcel and tract of land shown upon such roll, including the increase and enhancement of the fair market value of each such parcel of land by reason of the improvement, overruled all such protests; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO ORDAIN as follows: Section 1. The assessments and assessment roll of Local Improvement District No. 347, which has been created and established for the purpose of installation of a fully actuated 8 -phase traffic signal with pedestrian detection and crossing indications at the intersection of West Meeker Street and Russell Road, including the installation of a southbound to westbound right turn lane, and related improvements, as provided by Ordinance No. 3294, as the same now stand shall be and the same are approved and confirmed in all things and respects in the total amount of $86,868.13. Tj rA Section 2. Each of the lots, tracts, parcels of land and T4 other property shown upon the assessment roll is determined and declared to be specially benefited by this improvement in at least ?7 the amount charged against the same, and the assessment appearing against the same is in proportion to the several assessments appearing upon the roll. There is levied and assessed against each lot, tract or parcel of land and other property appearing upon the roll the amount finally charged against the same thereon. Section 3. The assessment roll as approved and confirmed shall be filed with the Finance Division Director of the City for collection and the Finance Division Director is authorized and directed to publish notice as required by law stating that the roll is in her hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within 30 days from the date of first publication of such notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in ten equal annual installments. The estimated interest rate is stated to be 7.0% per annum, with the exact interest rate to be fixed in the ordinance authorizing the issuance and sale of the local improvement bonds for Local Improvement District No. 347. The first installment of assessments on the assessment roll shall become due and payable during the 30 - day period succeeding the date one year after the date of first publication by the Finance Division Director of notice that the assessment roll is in her hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of the assessment remains unpaid after the first 30 -day period, interest upon the whole unpaid sum shall be charged at the rate as determined above, and each year thereafter one of the installments, together with interest due on the unpaid balance, shall be collected. Any installment not paid prior to expiration of the 30 -day period during which such installment is due and payable shall thereupon become delinquent. Each delinquent installment shall be subject, at the time of delinquency, to a charge of 95*i5 penalty levied on both principal and interest due upon that installment, and all delinquent installments also shall be charged interest at the rate as determined above. The collection of such delinquent installments shall be enforced in the manner provided by law. Section 4. This ordinance shall take effect and be in force five (5) days from and after its passage and five (5) days following its publication as required by law. Lz ATTEST: BRENDA JACOBE , i Clerk APPROVED AS/ Ta ORM Speciall Cotnsei and Bond Counsel for the City Passed the 15 day of July, 1997. Approved the /(o day of July, 1997. Published the day of July, 1997. I certify that this is a true copy of Ordinance No...335�V passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of Kent as hereon indicated. (SEAL) BRENDA JACOB ity Clerk N GO 8 C; s� x C9 o; ig r_ W A .. Cn o, Brenda Jacober, City -Clerk City of Kent 220 4th Avenue South Kent, WA 98032-5894 (253) 859-3370 ORDINANCE NO. 3354 Grantor(s): Grantee(s): N/A This document is an ordinance approving and confirming the assessments and assessment roll of Local Improvement District No. 347 Legal Description: N/A Assessor's Property Tax Parcel Account Number(s): N/A TOTAL NUMBER OF PAGES 5 (INCLUDING THIS COVER SHEET AND ALL EXHIBITS AND ATTACHMENTS)