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HomeMy WebLinkAbout2754ORDINANCE N0. AN ORDINANCE of the City of Kent, Washington, approving and confirming the assessments and the assessment roll of Local Improvement District 320, which has been created and established for the purpose of certain drainage, roadway, sanitary sewer and other improvements on James Street from Washington Avenue to near Russell Road; all as provided in Ordinance No. 2624; and levying and assessing the amount thereof against several lots, tracts, parcels of land and the property shown on the roll. WHEREAS, the assessment roll levying the special assessments against the properties located in Local Improvement District 320 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 November 3, 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 LID 320 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 320 which has been created and established for the purposes of the construction and installation of roadway drainage, sanitary sewer and other improvements on James Street between Washington Avenue to near Russell Road be and the same is hereby in all things and respects approved and confirmed in the amount of $1,012,448.58. 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 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 confirmee 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) day; 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 an 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 320. The first installments of assessments on the assessment roll shall become due and payable during the 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 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 whict 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 - 2 - 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. DAN ELLEHER, MAYOR ATTEST: r���L•�Yry` 1 CITY CL APPROVED AS TO FORM: ,,SANDRA DRISCOLL, PASSED the day of , 1987. APPROVED the day of J' , 1987. PUBLISHED the --_day ofz��- -_ , 1987. I hereby certify that this is a true copy of Ordinance No.► passed by the City Council of the City of Kent, Washington, and approved by the Mayor of the City of Kent as hereo indicated. 5320-180 Y - (SEAL) MARIE JENSEi., CITY CLERK - 3 -