HomeMy WebLinkAbout1939 ResolutionRESOLUTION NO. •939
A RESOLUTION providing for the method of payment of
assessments on the assessment roll for the 20th Avenue
and 4th Avenue sidewalk project affirmed by Ordinance
No. 272 and providing for interest on unpaid
installments and fixing the rate thereof; and further
providing for a means of financing until the assessments
are paid in full; and further providing for the creation
of the 20th Avenue/4th Avenue Sidewalk Fund and new
Chapter 3.126 PMC.
WHEREAS, The City Council by Ordinance No. 2792 has
affirmed the assessment roll for the 20th Avenue/4th
Avenue sidewalk project authorized by Resolution No.
1915, and a method of payment of the assessments must be
specified; NOW, THEREFORE,
THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO
RESOLVE AS FOLLOWS:
Section 1. The assessment roll as approved and
confirmed by Ordinance No.2792 for the construction of sidewalks
on 20th Avenue and 4th Avenue authorized by Resolution No. 1915,
shall be filed with the City Finance Director for collection and
the City Finance Director is authorized and directed to publish
and mail notice 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 the date of first publication without penalty,
interest or costs, and that thereafter the sum remaining paid may
be paid in ten (10) equal annual installments together with an
administrative charge of fifty dollars ($50.00). The interest
rate on the unpaid balance is stated to be eight percent (8%) per
annum. The first installment of asessments 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 the expiration of the thirty-day
period during which such installment is due and payable shall
thereupon become delinquent. The collection of such delinquent
installments shall be enforced by a foreclosure action in the
same manner and with the same effect as is provided by Chapters
35.43 to 35.54 RCW, inclusive; as now or hereafter amended,
whenever any payment on any assessment is delinquent and unpaid
for a period of thirty (30) days or more.
Section 2. Financing for the costs of the improvements
until the assessments are paid may be provided by a loan of up to
$12,000.00 from the City General Fund, with interest at eight
percent (8%) per annum to the 20th Avenue/4th Avenue sidewalk
Construction Fund.
Section 3. New Chapter 3.126 PMC title 20th Avenue/4th
Avenue Sidewalk Construction Fund is hereby created to read as
follows:
APPROVED AS TO FORM: 1
ells, City Clerk Greg Rubstello, City Attorney
AT
CHAPTER 3.126
20TH AVENUE/4TH AVENUE SIDEWALK
Sections:
3.122.010 Created.
3.122.020 Purpose
3.122.010 CREATED. A fund to be known as the 20th
Avenue! 4th Avenue Sidewalk Construction Fund is hereby
established.
3.122.030 PURPOSE. The fund is to provide for a fund
for the receipt and accounting of financing of the
improvements until the assessments are paid and for the
accounting of the receipts of the assessments in
connection with the assessment roll for the 20th Avenue
and 4th Avenue sidewalk improvements.
PASSED by the City Council and APPROVED by the Mayor
this 15th day of October, 1990.
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