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HomeMy WebLinkAboutO-1730 - LID No. 13 (Special)CITY OF MARYSVILLE,WASHINGTON ORDINANCE NO.1730 AN ORDINANCE of the City of Marysville, Washington,approving and confirming the assessments and assessment roll of Utility Local Improvement District No. 13 created for the purpose of carrying out a portion of the system or plan of additions and betterments to the waterworks utility of the City specified and adopted by Ordinance No.937,as provided by Ordinance No.1635-A,and levying and assessing 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 assess- ments against the property located in Local Improvement District No. 13 in the City of Marysville,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 11th day of September, 1989,at the hour of 7:30 p.m.,local time,in the Council Chambers in the City Hall,Marysville,Washington,and further notice thereof was mailed by the City Clerk to each property owner shown on the roll;and 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 MARYSVILLE,WASHINGTON,DO ORDAIN as follows: Section 1.The assessments and assessment roll of Local Improvement District No, 13 which has been created and estab- lished for the purpose of carrying out a portion of the system or plan of additions to and betterments and extensions of the waterworks utility of the City specified and adopted by Ordi- nance No.937,as provided by Ordinance No.163S-A,as the same now stand shall be and the same are approved and confirmed in all things and respects in the total amount of $99,000. 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 property appearing upon the roll the amount finally charged against the same thereon. - 2 - Section 3.The assessment roll as approved and confirmed shall be filed with the City Finance Director for collection-and the City Finance Director is authorized and directed to publish notice as required by law stating that the roll is in his hands for collection and that payment of any assessment thereon or any portion of such assessment can be made at any time within thirty days from date of first publication of such notice without penalty,interest or cost,and that thereafter the sum remaining unpaid may be paid in 15 equal annual installments.The inter- est rate on those assessments remaining unpaid is fixed at 7.75% per annum,except that if the net effective interest rate on the water and sewer revenue bonds authorized to be issued by Ordi- nance No.1635-A is more than .3 percentage points greater than 7.75%,the City Council hereafter by ordinance may adjust that interest rate to a rate higher than 7.75%per annum. 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 City Clerk of notice that the assessment roll is in his hands for collec- tion 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- 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 - 3 - expiration of the thirty-day period during which such install- ment is due and payable shall thereupon become delinquent.Each delinquent installment shall be subject,at the time of delin- quency,to a charge of 8%penalty levied on both principal and interest due on that installment,and all delinquent install- ments 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. PASSED by the City Council and APPROVED by the Mayor of the City of Marysville,Washington,at a regular open public meeting thereof,this 25th day of September,1989. ATTEST: APPROVED AS TO.FORM: 1891m - 4 -