HomeMy WebLinkAbout2701ORDINANCE NO. / 0
AN ORDINANCE of the City of Kent,
Washington, approving and confirming the
assessments and assessment roll of Local
Improvement District 318 which has been created
and established for the purposes of
construction and installation of certain
street, water and sanitary sewer improvements
on North Central Avenue from James Street to
South 228th Street, within the City of Kent;
all as provided in Ordinance 2485; and levying
and assessing the amount thereof against 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. 318 has 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 thereof for the 17th day of
February, 1987 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 finds that the lots, tracts, parcels
of land and other properties within L.I.D. 318 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. 318 which has been created and
established for the purposes of construction and installation of
certain street, water and sanitary sewer improvements on North
Central Avenue from James Street to South 228th Street, within the
city of Kent shall be and the same is hereby in all things and
respects approved and confirmed in the total amount of $689,482.7E
Section 2. Each of the lots, tracts, parcels of land anc
other properties shown upon the roll is -hereby determined and
declared to be specially 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 upon the roll. There is hereby levied and assessed
against each lot, tract, 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 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
collection and a 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 may be paid in ten (10) equal installments with interest at
Ian estimated rate of 11 percent per annum, with the exact interest
;rate to be fixed in the ordinance authorizing issuance and sale of
the LID bonds for LID 318. The first installments of assessments
on the assessment roll shall become due and payable during the
I I
thirty (30) day period 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
i
ishall 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
- 2 -
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.
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.
PAN , MAYOR F' l"
ATTEST: = a 1 r
MARIE JE N, CITY CLERK
APPROVED AS TO FORM:
SANDR DRISCOLL, CITY ATTORNEY
PASSED the--:��_'�
day
of
i
1987
APPROVED the _
day
of
1987.
PUBLISHED the a
day
of
1987.
I hereby certify that this is a true copy of Ordinance
No.,Q 70 V- , passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as hereo
indicated.
04520-160
(SEAL)
MARIE JE EN, CITY CLERK
- 3 -