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ORDINANCE NO. Q
AN ORDINANCE of the City of Kent,
Washington, approving and confirming the
assessments and the assessment roll of Local
Improvement District 331, which has been
created and established for the purposes of the
improvement of S.E. 240th Street Improvement
(108th Avenue S.E. to 116th Ave. S.E.); all as
provided in Ordinance 2763; 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. 331 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 November 6, 1990,
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
WHEREAS, the Council finds that the lots, tracts,
parcels of land, and other properties within LID 331 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 the assessment roll of
Local Improvement District No. 331 which has been created and
established for the purposes of the improvement of S.E. 240th
Street Improvement (108th Avenue S.E. to 116th Ave. S.E.) be and
the same is hereby in all things and respects approved and
confirmed in the total amount of $1,453,417.61,
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
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hands for 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 ten (10) equal installments
with interest at an estimated rate of 9% per annum with the exact
interest rate to be fixed in the ordinance authorizing issuance
and sale of the LID bonds for LID 331. 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 the 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 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.
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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 prgvided by law.
ATTEST:
MARIE JENS , CITY CLERK
APPROVED AS TO FORM:
A.
PASSED the
ICH, CITY A
' _-Zy day of
APPROVED the zQ_ D day of
PUBLISHED the Z`t> day of
DAN KELLEHER, MAYOR
1990.
1990.
1990.
I hereby certify that this is a true copy of Ordinance
No.z�GJ_C- , passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as
hereon indicated.
9030-320
( SEAL)
MARIE JEN N, CITY CLERK
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