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HomeMy WebLinkAbout1394 ResolutionRESOLUTION NO. 1 394 A RESOLUTION providing for the method of payment of the assessments made in Ordinance No. 2225 for sidewalk, curb, and gutter construction on both sides of Sylvester Street west from 20th Avenue to Road 28 and setting the number of installments, the interest on unpaid installments, and the interest on delinquent payments. WHEREAS, the City Council approved and confirmed the assessment, and the assessment roll for the construction of sidewalk, curb, and gutter on Sylvester Street west from 20th Avenue to Road 28 by Ordinance No. 2225 ; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PASCO AS FOLLOWS: Section 1. The assessment roll as approved and confirmed shall be filed with the City Treasurer for collection and the City Treasurer is hereby authorized and directed to publish notice once each week for two consecutive weeks and as further required by law by stating that the roll is in her hands for collection and that payments of any assessment thereon or any portion of such assessment can be made at any time within thirty (30) days from date of first publication of such notice without penalty, Interest or cost, and thereafter the sum remaining unpaid may be paid in ten (10) equal annual installments with interest thereon fixed at the rate of eight (8%) percent per annum. The first installment of assessments on the assessment roll shall become due and payable during the thirty (30) day period succeeding the date one year after the date of first publication by the City Treasurer of notice that the assessment roll is in her hands for collection and annually thereafter each succeeding installment shall become due and payable in a 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 of eight (8%) percent per annum, 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 such installment is due and payable shall thereon become delinquent. All delinquent installments shall be subject to a charge for interest at the rate of eight (8%) percent as determined above and for an additional charge of twelve (12%) percent penalty levied upon both principal and Interest due upon such installment or installments. The collection of such delinquent installments with interest and penalties shall be enforced in the manner provided by law. Within fifteen (15) days of the first newspaper publication, the City Treasurer shall notify each owner or reputed owner whose name appears on the assessment roll, at the address shown on the tax rolls of the County Treasurer for each item of property described on the list, of the nature of the assessment, of the amount of his real property subject to such assessment, of the time during which such assessment may be paid without penalty, interest, or cost, and the amount of the Interest and penalty as set forth herein. —S-ni d er-, Vayor - -2- Section 2. The City Treasurer shall deposit all payments received to "Sidewalk Construction Fund, Number 1, 1979," which fund was established for this purpose by Ordinance No. 2103. PASSED by the City Council of the City of Pasco this 5 day of January 981 — Evelyn Wells, City Clerk ; AP ROVED AS TO