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HomeMy WebLinkAbout2986ORDINANCE NO. /696 AN ORDINANCE of the City of Kent, Washington, approving and confirming the assessments and the assessment roll of Local Improvement District 336, which has been created and established for the purposes of the improvement of East Valley Highway from South 192nd Street (south of Springbrook Creek) to South 180th Street, including street, sidewalk and drainage system improvements; all as provided in Ordinance 2977; and the levying and assessing the amount thereof against several lots, tracts, parcels of land, and the properties shown on the roll. WHEREAS, the assessment roll levying the special assessments against the properties located in Local Improvement District No. 336 have been filed with the Clerk of the City of Kent, as provided by law; and WHEREAS, notice of the time and place of hearing thereon and of making objections and protests as to the roll was duly published at and for the time and in the manner provided by law, fixing a time and place of hearing therefor for the 2nd day of July, 1991 at the hour of 7 o'clock p.m. in the Council Chambers of the City Hall in the City of Kent, Washington, and further notice thereof was duly mailed by the City Clerk to each property owner shown on the roll; and WHEREAS, the Council held such public hearings and considered all written and verbal testimony before it; and I WHEREAS, the Council finds that the lots, tracts, parcels: i lof land, and other properties within LID 336 are specially i ,benefited by the improvements in at least the amount charged 1against the same; NOW, THEREFORE, I THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES 1HEREBY ORDAIN AS FOLLOWS: Section 1. The assessments and the assessment roll of Local Improvement District No. 336 which has been created and established for the purposes of the improvement of East Valley Highway from South 192nd Street (south of Springbrook Creek) to South 180th Street, including street, sidewalk and drainage system' improvements be and the same is hereby in all things and respects approved and confirmed in the total amount of $2,280,637. The cost of the total project is $3,530,637; City and State funding contribution to this project amount to $1,250,000. Section 2. Findings. Each of the lots, tracts, parcels of land, and other properties shown upon the roll is hereby determined and declared to be specifically benefited by the improvements in at least the amount charged against the same, and the assessment appearing against the same is in proportion to the several assessments appearing on the roll. There is hereby levied and assessed against each lot, tract, parcel of land, and other property appearing on the roll the amount finally charged against the same thereon. Section 3. The assessment roll as approved and confirmed shall be filed with the Supervisor of Treasury Accounting of the City of Kent for collection, and the Supervisor of Treasury Accounting is hereby authorized and directed to publish notice as required by law stating that the roll is in her hands for - 2 - !collection and payment of any assessment thereof or any portion of ';that assessment can be made at any time within thirty (30) days ,,from the date of the first publication of the notice without penalty, interest or cost, and that thereafter the sum remaining ,unpaid shall be paid in fifteen (15) equal installments with interest at an estimated rate of 8% per annum with the exact interest rate to be fixed in the ordinance authorizing issuance ,land sale of the LID bonds for LID 336. The first installments of =assessments on the assessment roll shall become due and payable `during the thirty (30) days succeeding the date one (1) year after Ithe date of the first publication by the Supervisor of Treasury Accounting 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 thirty (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 whole unpaid balance, shall be collected. Any installment not paid prior to the expiration of the thirty (30) day period during which sum installment is due and payable shall thereupon become l delinquent. All delinquent installments shall be subject to a charge of interest at the rate as determined above and for an additional charge of 9% percent penalty levied upon both principal and interest due upon such installment or installments. The collection of such delinquent installments will be enforced in the manner provided by law. - 3 - Section 4. Effective Date. This ordinance shall take effect and be in force five (5) days from and after its passage, approval and publication as provided by law. KELLEHER, MAYOR ATTEST: i.t BRENDA JACOBER: DUPUTY CITY CLERK APPROVED AS TO FORM: I /( t/ PASSED the o1- day of , 1991. APPROVED the qday of 1991. PUBLISHED the day of - , 1991. I hereby certify that this is a true copy of Ordinance © No. 4 & , passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of Kent as hereon indicated. Llj qw Ge��SEAL) BRENDA JACO ER, DEPUTY CITY CLE 9580-340 - 4 _