HomeMy WebLinkAboutO-1598 - Amends Sec. 18.24.045(d), mitigation of impacts resulting from development proposals (Repealed by 2852)d -13 o"i,-,rJ
3-llwQ.
~.~-1-/V¥lA~
1-U;;~
CIT Y 0 F MAR Y S V ILL E
Marysville,Washington
ORDINANCE NO.I J f8'
AN ORDINANCE OF THE CITY OF MARYSVILLE AMENDING
SECTION 18.24.045 (d)OF THE MARYSVILLE MUNICIPAL CODE
BY MAKING "INTEREST"AN OPTIONAL FEATURE IN RECOVERY
CONTRACTS.
THE CITY COUNCIL OF THE CITY OF MARYSVILLE,WASHINGTON DO
ORDAIN AS FOLLOWS:
Section 18.24.045 (d)of the Marysville Municipal Code is
hereby amended to provide as follows:
(d)The City Council may,in its discretion,determine that
interest shall accrue for the benefit of the proponent,
or its assignee,on all unpaid assessments.In such
cases City Council shall establish an interest rate and
shall include it in the recovery contract.
CITY OF MARYSVILLE
L M PASSED by ~ty Council and APPROVED by the Mq-yor this
~day of --"'r"""""""+----'1988.
Attest:
MAYOR
BY~~~~..CITY CLERK
Approved as to Form:
By N.'"7't>Oerz <"0 ~-V CITY ATTORNEY
Date of Publication:~~~
Effective Date (5 days after publication):
ORDINANCE