Loading...
HomeMy WebLinkAbout3802CFN=885 - LID 329 Final Assessment Roll Passed - 8/15/2006 LID 329 Final Assessment Roll Ordinance The date ["Beginning July 1, 1998"] has led to confusion. This date will be deleted from cover sheets of ordinance/resolution revision pages. This cover sheet will be deleted on electronic pages only, no other deletions or changes have been made to the document — 6/21/2012. ORDINANCE NO. 3 8 oa AN ORDINANCE of the City of Kent, Washington, approving and confirming the assessments and assessment roll of Local Improvement District No 329 for the installation of a traffic signal at the intersection of 74`h Avenue South and State Route 516 within the City, as provided by Ordinance No. 2722, 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 RECITALS A. The assessment roll levying the special assessments against the property located in Local Improvement District No. 329 in the City of Kent, Washington (the "City"), has been filed with the City Clerk as provided by law. B. Notice of the time and place of the hearing to make 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 the hearing for July 18, 2006, at 7:00 p.m., local time, in the Council Chambers in the City Hall, Kent, Washington, and further notice of the hearing was mailed by the City Clerk to each property owner shown on the roll. LID 329 Final Assessment Roll Ordinance 50684869 2 C. 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 that roll, including the increase and enhancement of the fair market value of each parcel of land by reason of the improvement, overruled all such protests NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF KENT, WASHINGTON, DOES ORDAIN AS FOLLOWS: ORDINANCE SECTION 1. - Roll Confirmation. The assessments and assessment roll of Local Improvement District No. 329, which has been created and established for the purpose of installing a traffic signal at the intersection of 74th Avenue South and State Route 516 within the City, as provided by Ordinance No. 2722, as the same now stands, is approved and confirmed in all things and respects in the total amount of $597,410.03. SECTION 2. - Special Benefit. 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 those properties, and the assessment appearing against them is in proportion to the several assessments appearing upon the roll. There is levied and assessed against each lot, -2- LID 329 Final Assessment Roll Ordinance 506848692 tract, or parcel of land and other property appearing upon the roll the amount finally charged against the same. SECTION3. — Notice of Roll. The assessment roll as approved and confirmed shall be filed with the Finance Director of the City for collection, and the Finance Director is authorized and directed to publish notice as required by law stating that the roll is in the Director's hands for collection and that payment of any assessment or any portion of that assessment can be made at any time within thirty (30) days from the date of first publication of that notice without penalty, interest, or cost, and that thereafter the sum remaining unpaid may be paid in ten (10) equal annual installments of principal and interest. The estimated interest rate is stated to be six percent (6.0 %) 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. 329. The first installment of assessments on the assessment roll shall become due and payable during the thirty (30) day period commencmg one year after the date of first publication by the Finance Director 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 assessment remains unpaid after the first thirty (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, together with interest due on the unpaid balance, shall be collected Any installment not paid prior to expiration of the thirty (30) day period during which that installment is due and payable shall become delinquent. Each delinquent installment shall be subject, at the time of -3- LID 329 Final Assessment Roll Ordinance 506848692 delinquency, to a charge under Kent City Code Section 3.22.030 of a penalty levied on both principal and interest due upon that installment equal to the rate fixed in the ordinance authorizing the issuance and sale of the local improvement bonds for Local Improvement District No. 329, plus five (5) percent. All delinquent installments also shall be charged interest at the rate as determined above. The collection of delinquent installments shall be enforced in the manner provided by law. SECTION 4. — Severability. If any one or more section, subsections, or sentences of this ordinance are held to be unconstitutional or invalid, such decision shall not affect the validity of the remaining portion of this ordinance and the same shall remain in full force and effect. SECTION 5. - Effective Date. This ordinance shall take effect and be in force five (5) days from and after its publication as required by law. ATTEST: d -TY CLERK Ma✓y !)CPU/Z/ cl-q Ge✓k APPROVED AS T01ORM. Special Counsel and Bond Counsel Passed the /8 day of July, 2006 Approved the /8 day of July, 2006. Published the _21, day of July, 2006. -4- LID 329 Final Assessment Roll Ordinance 506848692 CERTIFICATION dePu I, the undersigned, city cler of the city of Kent, Washington, hereby certify as 1. The attached copy of Ordinance No. $D is a full, true and correct copy an ordinance duly passed at a regular meeting of the city council of the city held at : regular meeting place thereof on July f$, 2006, as that ordinance appears on the nute book of the city; and the ordinance will be in full force and effect five (5) days er the publication of its summary in the city's official newspaper; and 2. A quorum of the members of the city council was present throughout the and a majority of those members present voted in the proper manner for the of the ordinance. IN WITNESS WHEREOF, I have hereunto set my hand this P25' day of July, CITY OF KENT, WASHINGTON City Elerk Ma y-Slmm005� be-fuf-V e�� �(O LID 329 Final Assessment Roll Ordinance 506848692