HomeMy WebLinkAbout3616ORDINANCE NO. 616
AN ORDINANCE of the City Council of the City
of Kent, Washington, approving and confirming the
assessments and assessment roll of Local Improvement
District No 354 for the construction of the Meeker Street
widening and Washington Avenue HOV lanes improvements
project, as provided by Ordinance No 3540, and levying and
assessing a part of the cost and expense thereof against the
several lots, tracts, parcels of land and other property as
shown on the assessment roll
WHEREAS, the assessment roll levying the special assessments against
the property located in Local Improvement District No 354 in the City of Kent,
Washington (the "City"), has been filed with the City Clerk as provided by law, and
WHEREAS, notice of the time and place of hearing thereon and making
objections and protests to the roll was published at and for the time and in the manner
provided by law fixing the time and place of hearing thereon for the V day of October,
2002, at the hour of 7 00 p m , local time, in the Council Chambers in the City Hall, Kent,
Washington, and further notice thereof was mailed by the City Clerk to each property
owner shown on the roll, and
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WHEREAS, at the tune and place fixed and designated in the notice the
hearing was held, all written protests received were considered and all persons appearing !
at the hearing who wished to be heard were heard, and the City Council, sitting and act mg
as a Board of Equalization for the purpose of considering the roll and the special benefits
to be received by each lot, parcel and tract of land shown upon such roll, including the
increase and enhancement of the fair market value of each such parcel of land by reason
of the improvement, overruled all such protests, 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 No 354, which has been created and established for the purpose
of constructing the Meeker Street widening and Washington Avenue HOV lanes
improvements project, as provided by Ordinance No 3540, as the same now stand shall
be and the same are approved and confirmed in all things and respects in the total
amount of $480,400
SECTION 2. Each of the lots, tracts, parcels of land and other property
'shown upon the assessment roll is determined and declared to be specially benefited by
this improvement in at least the amount charged against the same, and the assessment
appeanng against the same is in proportion to the several assessments appearing upon
the roll There is levied and assessed against each lot, tract or 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 confirmed shall be
I with the Finance Division Director of the City for collection and the Finance
ision Director is authorized and directed to publish notice as required by law stating
the roll is in her hands for collection and that payment of any assessment thereon or
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any portion of such assessment can be made at any time within 30 days from the date of
first publication of such notice without penalty, interest or cost, and that thereafter the
sum remaining unpaid may be paid in ten equal annual installments The estimated
interest rate is stated to be 6.2% per annum, with the exact interest rate to be fixed in
.he ordinance authorizing the issuance and sale of the local improvement bonds for
Local Improvement District No 354 The first installment of assessments on the
assessment roll shall become due and payable during the 30 -day period succeeding the
Sate one year after the date of first publication by the Finance Division Director of
nonce 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 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 of principal together with interest due on the unpaid
balance, shall be collected Any installment not paid prior to expiration of the 30 -day
period during which such installment is due and payable shall thereupon become
delinquent Each delinquent installment shall be subject, at the time of delinquency, to
a charge of 9% penalty levied on both principal and interest due upon that installment,
and all delinquent installments also shall be charged interest at the rate as determined
above The collection of such delinquent installments shall be enforced in the manner
provided by law
SECTION 4. This ordinance shall take effect and be in force five (5)
from and after its passage and five (5) days following its publication as required by
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JIMITE, MAYQR'; ,•''•,
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JACOBER, CITY CLERK
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APPROVED AS T,(2(iORM
io
SPEC AND
BOND COUNSEL FOR THE CITY
'ASSED / day of 2002
day of 2002
day of UV Gov , 2002
I hereby certify that this is a true copy of Ordinance No 3616
by the City Council of the City of Kent, Washington, and approved by the
'Mayor of the City of Kent as hereon indicated
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