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ORDINAI`10E NO. 1113
AN ORDINANCE of the City of Kent, Wash-
ington, amending Section 3 of Ordinance No.
1701 and providing a new interest rate on
annual assessment installments and delinquent
charges.
THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DO
RDAIN AS FOLLOWS:
Section 1. Section 3. of Ordinance No. 1701, which
Ireads as follows:
"The supplemental assessment roll as approved
and confirmed 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 pay-
ment of any supplemental assessment thereon or
any portion of that assessment as well as any
assessment on the final assessment roll approved
and confirmed by Ordinance No. 1663 or any
portion thereof, can be made at any time within
thirty days from the date of the first publi.cation
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
original and supplemental assessments on the
assessment rolls 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 supplemental
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 such 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 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 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 supplemental assessment roll
as approved and confirmed 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 supplemental
assessment thereon or any portion of that
assessment as well as any assessment on the
final assessment roll approved and confirmed
by Ordinance No. 1663 or any portion thereof,
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 original and
supplemental assessments on the assessment
rolls 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 supplemental
assessment roll is in her hands for collection
and annually thereafter each succeeding install-
ment shall become due and payable in like
manner. If the whole or any portion of such
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 delin-
quent 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 install-
ment or installments. The collection of such
delinquent installments will be enforced 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.
TTEST:
ARIE J'ENSE , City Cler
-2-
n
SA BEL ROGAN, MVOR
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PROVED AS TO FORM:
,,,a �. r
E. MIRK, City Attorney
assed the 1 4 day of March, 1971.
pproved the A t day of March, 1971.
ublished the 19dL of March, 1971.
I hereby certify that this is a true and correct copy
f Ordinance No. �,_3 , passed by the City Council of the
ity of Kent, Washington, and approved by the Mayor of the
ity of Kent as hereon indicated.
712RIE
r,.(SEAL)
JE S N, Cit Clerk
-3-