HomeMy WebLinkAbout2853ORDINANCE NO.
AN ORDINANCE of the City of Kent,
Washington, relating to LID 327, amending
Ordinance 2846 providing that payments may be
paid in twenty (20) rather than ten (10) equal
installments.
WHEREAS, the Council adopted Ordinance 2846 approving and
confirming the assessments and assessment roll of Local
Improvement District 327 and establishing that assessments may be
paid in ten (10) equal installments; and
WHEREAS, in accordance with the record before the Council
the Ordinance should have allowed payment to be made in twenty
(20) equal installments ; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DOES
HEREBY ORDAIN AS FOLLOWS:
Ordinance 2846 is amended as follows:
Section 1. The assessments and assessment roll of Local
Improvement District 327 which has been created and established
for the purposes of widening and improving West Valley Highway
from South 212th Street to West James Street, the installation of
a sidewalk on South 220th Street from West Valley Highway to the
east side of 72nd Avenue South, and the construction of a sanitary
sewer line on the west side of West Valley Highway from a point
approximately 275 feet north of southwest corner of Section 12,
Range 22, Township 4 East, W.M., to a point approximately 150 feet
north thereof, all in accordance with Ordinance 2761 be and the
same is hereby in all things and respects approved and confirmed
in the amount of $4,733,748.36.
Section 2. Findings.
2.1 Each of the lots, tracts, parcels of land and/other
properties shown upon the roll, except Assessments No. 47 and 63,
as legally described in Exhibit A attached hereto and incorporated
by reference 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.
3.1 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-fIe} twenty (20) 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 327. 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
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.
- 2 -
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:
-C-I -C3iE-RK
BRENDA J7 COBER,< DEPUTY CITY CLERK
APPROV D AS_ _ TO FORM :
i
DRISCOLL, CITY ATTORNEY
PASSED the ` D day of L"- (- , 1989.
APPROVED the V day of f"'1989.
-�--t
PUBLISHED the �� day of 4r.- 1989.
I hereby certify that this is a true copy of Ordinance
No.� 3 , passed by the City Council of the City of Kent,
Washington, and approved by the Mayor of the City of Kent as hereon
indicated.
7450-260
�3 -Y -C-LER-Y,
BRENDA JACOBER,IDEPUTY CITY CLERIC
3 -