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HomeMy WebLinkAbout3623ORDINANCE NO..,%A 8 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 352 for the construction of a storm sewer drainage system on 1st, 3d and 5t" Avenues South, north of South 259th Street in south Kent, as provided by Ordinance No 3452, 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 352 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 by law fixing the time and place of hearing thereon for the 15th day of October, at the hour of 7 00 p in, local time, in the council chambers in the city hall, Kent, Waslungton, and further notice thereof was mailed by the city clerk to each property owner shown on the roll, and 1 LID 352 — Confirmation of Final Assessment Roll WHEREAS, at the time 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 acting 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 352, which has been created and established for the purpose of constructing a storm sewer drainage system on 15`, 3d and 5`h Avenues South, north of South 259`h Street in south Kent, as provided by Ordinance No 3452, as the same now stand shall be and the same are approved and confirmed in all things and respects in the total amount of $657,572 16 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 appearing 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 appearing upon the roll the amount finally charged against the same thereon SECTION 3. The assessment roll as approved and confirmed shall be filed with the finance division director of the city for collection and the finance division director is authorized and directed to publish notice as required by law stating that the 2 LID 352 — Confirmation of Final Assessment Roll roll is in her hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within 30 days from the date of i first publication of such notice without penalty, interest or cost, and that thereafter the sum remaining unpaid may be paid in 10 equal annual installments The estimated interest rate is stated to be [6 2%] per annum, with the exact interest rate to be fixed in the ordinance authorizing the issuance and sale of the local improvement bonds for ' Local Improvement District No 352 The first installment of assessments on the assessment roll shall become due and payable during the 30 -day period succeeding the date one year after the date of first publication by the finance division director 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 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 3 above The collection of such delinquent installments shall be enforced in the manner f provided by law SECTION 4. This ordinance shall take effect and be in force five (5) (days from and after its passage and five (5) days following its publication as required by 3 LID 352 — Confirmation of Final Assessment Roll (ATTEST j� 9" comer e' BRENDA JACOBE ITY CLERK APPROVED BOND COUNSEL FOR THE CITY A s1�,brdaC�: PASSED %_5 day of D� 2002 APPROVED 16 day of �2002 PUBLISHED day of 2002 I hereby certify that this is a true copy of Ordinance No. by the city council of the city of Kent, Washington, and approved by the mayor the city of Kent as hereon indicated (SEAL) BRENDA JACOBE , CITY CLERK 4 LID 352 — Confirmation of Final Assessment Roll