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HomeMy WebLinkAbout2925MR - ORDINANCE NO. ::-,2 90� S- AN ORDINANCE of the City of Kent, Washington, approving and confirming the assessments and the assessment roll of Local Improvement District 330 which has been created and established for the purposes of street, sanitary sewer, and water main improvements on 64th Avenue South from South Smith Street to South 228th Street and from South 216th Street to South 212th Street in Kent; all as provided in Ordinance 2866; and levying and assessing the amount thereof against several lots, tracts, parcels of land and the properties on the roll. WHEREAS, the assessment roll levying the special assessments against the properties located in Local Improvement District No. 330 has been filed with the Clerk of the City of K 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 thereof for the 15th day of May, 1990, at the hour of 7 o'clock p.m. in the Council Chambers of the City Hall of 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 hearing and upon due consideration of all evidence before it finds that the lots, tracts, parcels of land and other properties within LID 330 are specially benefited by the improvements in at least the amount charged against the same; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES HEREBY ORDAIN AS FOLLOWS: Section 1. The assessments and assessment roll of Local Improvement District No. 330 which has been created and established for the purposes of constructing and installing streets, sanitary sewer and water main improvements on 64th Aven South from South Smith Street to South 228th Street and from Sou 216th Street to South 212th Street within the City be and the sa is hereby in all things and respects approved and confirmed in t total amount of $4,869,549.16. Section 2. Findings. 2.1 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 confirmei shall be filed with the Supervisor of Treasury Services of the City of Kent for collection, and the Supervisor of Treasury Services is hereby authorized and directed to publish notice as required by law stating that the roll is in her hands for collection and payment of any assessment thereof or any portion o that assessment can be made at any time within thirty 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 nine (9) percent per annum with the exact interest rate to be fixed in the ordinance authorizing issuance and sale of the LID bonds for LID 330. The first installments of assessments on the assessment roll shall become due and payable during the 30 days succeeding the date one year after the date of the first publication by the Supervisor of Treasury Services of notice that the assessment roll is in her hands for collection an 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 days period, interes upon the whole unpaid sum shall be charged at the rate as determined above, and each year thereafter one of the installment together with interest due on the whole unpaid balance, shall be collected. Any installment not paid prior to the expiration of - 2 - the 30 day period during which some installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject to a charge of interest at the rate as determines above and for an additional charge of nine (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. 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. VDKELLEHER, MAYOR ATTEST: MARIE JEN�SrE$, CITY CLERK AS TO FORM: DRISCOLL, -CY'ATTORNEY PASSED the day of �`� , 1990. APPROVED the day of 1990. PUBLISHED the day of �-' `L'�_.L' _ , 1990. I hereby certify that this is a true copy of Ordina No. f L , passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of Kent as he indicated. 8470-300 / 7� (SEAL) MARIE JEN N, CITY CLERK - 3 -