HomeMy WebLinkAbout1940 ResolutionRESOLUTION NO. 1940
A RESOLUTION providing for the method of payment of
assessments on the assessment roll for the Court
Street and Shoshone Street sidewalk repair project
affirmed by Ordinance No. 2793 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 Court Street/Shoshone
Street Sidewalk Fund and new Chapter 3.127 PMC.
WHEREAS, The City Council by Ordinance No. 2793 has
affirmed the assessment roll for the Court
Street/Shoshone Street sidewalk repair project
authorized by Resolution No. 1916, 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.2793 for the repair of sidewalks on
Court Street and Shoshone Street authorized by Resolution No.
1916, 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
$4,000.00 from the City General Fund, with interest at eight
percent (8%) per annum to the Court Street and Shoshone Street
Sidewalk Repair Fund.
Section 3. New Chapter 3.127 PMC title Court Street
and Shoshone Street Sidewalk Repair Fund is hereby created to
read as follows:
APPROVED AS TO FORM:
Evelyn Wells, City Clerk feg A. Ru stello, City Attorney
CHAPTER 3.127
COURT STREET/SHOSHONE STREET SIDEWALK
Sections:
3.122.010 Created.
3.122.020 Purpose
3.122.010 CREATED. A fund to be known as the
Court Street/Shoshone Street Sidewalk Repair 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 Court Street
and Shoshone Street sidewalk improvements.
PASSED by the City Council and APPROVED by the Mayor
this 15th day of October, 1990.
ve,