HomeMy WebLinkAbout2330ORDINANCE NO. =� ?
AN ORDINANCE of the City of Kent,
Washington, approving and confirming the
assessments and assessment roll of Local
Improvement District No. 303, which has been
created and established for the purpose of
improving a portion of King County by the
construction and installation of 6 inch and 8
inch water mains together with necessary
appurtenances thereto on Southeast 270th St,
on 120th Avenue Southeast and on Southeast
268th Street as provided by Ordinance 2243 and
levying and assessing the amount thereof
against the several lots, tracts, parcels of
land and other properties shown on the roll.
WHEREAS, the assessment roll levying the special assess-
ment against the properties located in Local Improvement District
No. 303, 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 to the roll was duly
published at and for the time and in the manner provided by law,
fixing the time and place of hearing thereof for the 21st day of
December, 1981, at the hour of 8 o'clock p.m. in the Council Cham-
bers 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 that roll; and
WHEREAS, at the time and place fixed and designated in
that notice, the hearing was duly held and written and verbal
comments were received and considered by the City Council, NOW,
THEREFORE
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON DO
HEREBY ORDAIN AS FOLLOWS:
Section 1. The assessments and assessment roll of Local
Improvement District No. 303, which has been created and estab-
lished for the purpose of improving a portion of King County by
the installation of 6 inch and 8 inch water mains together with
necessary appurtenances thereto on Southeast 270th, on 120th
Avenue Southeast, and on Southeast 268th Street as provided by
Ordinance 2243, as the same now stands, be and the same are hereby
in all things and respects approved and confirmed in the total
amount of $72,274.43.
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Section 2. Each of the lots, tracts, parcels of land and
other property 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 appear-
ing upon the roll the amount finally charged against the same
thereon; provided, however, that the assessment levied as Assess-
ment No. 8, in the amount of $5,882.52, shall be paid in annual
installments by the water utility until such time as the property
subject to Assessment No. 8 is removed from agricultural open use
designation or until the property desires to make use of the
improvements.
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 collec-
tion 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 may
be paid in ten (10) equal installments with interest thereon here-
by fixed at the rate of 10-1/2% per annum, provided, however, that
if the net effective interest rate fixed on the local improvement
bonds hereafter issued for Local Improvement District No. 303 is
other than 10-1/2% per annum, the interest rate on the unpaid
assessment shall be revised to a rate of 1/2 of 1% greater than
the net effective interest rate on such bonds. The first install-
ment 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 hand 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 of 10-1/2% per annum and each year
thereafter one of the installments, together with interest due on
the whole unpaid balance, shall be collected; provided, however,
that if the net effective interest rate fixed on the local
improvement bonds hereafter issued for Local Improvement District
No. 303 is other than 10-1/2% per annum, the interest rate on the
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unpaid assessment shall be revised to a rate of 1/2 of 1% greater
than the net effective interest rate on such bonds. Any install-
ment 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 of 8% 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. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication as provided by law.
SABEL HOGAN,`MAYOR
ATTEST:
MARIE JE , CITY CLERK
(APPROVED AS TO FORM:
G' , CITY ATT NEY
,19�Tfld
PASSED the g, day of January, 1982.
APPROVED the day of January, 1982.
PUBLISHED the day of January, 1982.
I hereby certify that this is a true copy of Ordinance
No. 3ti, passed by the City Council of the City of
Kent, Washington, and approved by the Mayor of the City of Kent as
hereon indicated.
~ ( SEAL'.
MARIE JE N, CI CLERK
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