HomeMy WebLinkAboutO-1156 - LID No. 7 final assessment roll (Special)CITY OF MARYSIVLLE,WASHINGTON
ORDINANCE NO.II ofo
AN ORDINANCE AMENDING SECTION 4 OF
ORDINANCE NO.1146 MODIFYING,APPROVING AND CON-
FIRMING THE ASSESSMENTS AND ASSESSMENT ROLL OF
UTILITY LOCAL IMPROVEMENT DISTRICT NO.7.
THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON
DO ORDAIN,as follows:
Section 4 of Ordinance No.1146,passed by the City
Council on October 27,1980 is hereby amended to provide as
follows:
Section 4.The assessment roll as modified,approved and
confirmed shall be filed with the Director of Finance of the City
for collection and the Director of Finance 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 the assessment can be made at any time
within thirty days from the date of the first publication of such
notice without penalty,interest or cost,and that thereafter the
sum remaining unpaid may be paid in 20 equal annual installments
with interest thereon hereby fixed at the rate of 10.76%.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 Director of Finance
of the City 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 thirty-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 installments not 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 the rate specified above and
for an additional charge of 5%penalty levied upon both principal
and interest due upon such installment or installments.The
collection of such delinquent installments will be enforced in the
manner provided by law.
PASSED by the City
8th day of December,1980.
Council and APPROVED by the Mayor this
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APPROVED AS TO FORM'r--1_~/J~-d ..
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