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HomeMy WebLinkAboutO-1743 - LID No. 63 (Special)CITY OF MARYSVILLE,WASHINGTON ORDINANCE NO.l.2.!i.3 AN ORDINANCE of the City of Marysville, Washington,approving and confirming the assessments and assessment roll of Local Improvement District No. 63 for the improvement of a portion of 64th Street Northeast,as provided by Ordinance No.1602, as amended by Ordinance No.1680,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. 63 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 27th day of November, 1989,at the hour of 7:30 p.m.,local time,in the Council Chambers oN!.1oR.Q City IIa11,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.63 which has been created and established for the purpose of improving a portion of 64th Street Northeast within the City limits from 150 feet west of 53rd Avenue Northeast to 200 feet east of 67th Avenue Northeast, as provided by Ordinance No.1602,as amended by Ordinance No.1680,as the same now stand shall be and the same are approved and confirmed in all things and respects in the total amount of $862,633.47. 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. 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 may 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 /S equal annual installments.The estimated interest rate is stated to be ~%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.63.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 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-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-day period during which such installment is due and payable thereupon shall become del inquent .Each delinquent installment shall be subj ect,at the time of delinquency,to a charge of li-%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 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 4th day of December,1989. ATTEST: APPROVED AS TO FORM: