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M
i
ORDINANCJ NO. 1117.
A14 ORDINANCE of the City of Kent, Wash-
ington, amending Section 3 of Ordinance No.
1663 and providing a nese interest rate on
annual assessment installments and delinquent
charges.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO
MAIN AS FOLLOWS:
Section 1. Section 3. of Ordinance No. 1663, which
ads as follows:
"The assessment roll as approved and con-
firmed shall be filed with the Treasurer
of the City of Kent for collection, and
the City Treasurer is hereby authorized
and directed to publish notice as required
by law stating that the roll is in his
hands for collection and payment of any
assessment thereon or any portion of that
assessment can be made at any time within
thirty 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
equal annual installments with interest
thereon hereby fixed at the rate of 8% per
annum. The first installment of assessments
on the assessment roll shall become due and
payable during the thirty -day period succeed-
ing the date one year after the date of first
publication by the City Treasurer of notice
that the assessment roll is in his 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 assessments remains unpaid
after the first thirty -day period, interest
upon the whole unpaid sum shall be charged
at the rate of 8% per annum and each year there-
after one of the installments, together with
interest due on the whole unpaid balance, shall
be collected. Any installment not so paid prior
to the expiration of the thirty -day period
during which such installment is due and payable
shall thereupon become delinquent. All delin-
quent installments shall be subject to a charge for
interest at 8% per annum and for an additional
charge of 6% penalty levied upon both principal
and interest due upon such installment or install-
ments. The collection of such delinquent install-
ments will be enforced in the manner provided by
law."
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is hereby amended to read as follows:
Section 3. The assessment roll as approved
and confirmed shall be .filed with the Treas-
urer of the City of Kent for collection, and
the City Treasurer is hereby authorized and
directed to publish notice as required by law
stating that the roll is in his hands for
collection and payment of any assessment there-
on or any portion of that assessment can be
made at any time within thirty 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 equal annual installments with
interest thereon hereby fixed at the rate
of 7 1/4% per annum. The first installment
of assessments on the assessment roll shall
become due and payable during the thirty -
day period succeeding the date one year after
the date of first publication by the City
Treasurer of notice that the assessment roll
is in his 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 assessments
remains unpaid after the first thirty -day
period, interest upon the whole unpaid sum
shall be charged at the rate of 7 1/4% per
annum and each year thereafter one of the
installments,together with interest due on
the whole unpaid balance, shall be collected.
Any installment not so paid prior to the
expiration of the thirty -day period during
which such installment is due and payable
shall thereupon become delinquent. All
delinquent installments shall be subject
to a charge for interest at 7 1/4% per annum
and for an additional charge of 6% penalty
levied upon both principal and interest due
upon such installment or installments. The
collection of such delinquent installments
will be endorced in the manner provided by
law.
Section 2. This Ordinance shall take effect and be in
force five (5) days from and after its passage, approval and
publication as provided by law.
ISABEL HOGAN, WzOR
TTE ST:
MARIE JENSEN,L ity Clerk
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PROVED AS TO FORM:
"" F. vl,!J
ALD E. MIRK, City Attorney
assed the day of March, 1971.
pproved the /(* day of March, 1971.
ublished the day of March, 1971.
I hereby certify that this is a true and correct
opy of Ordinance No. 0%1;11- , passed by the City Council
f the City of Kent, Washington, and approved by the Mayor of the
ity of Kent as hereon indicated.
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�z-� (SEAL)
MARIE J EN, City Clerk