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HomeMy WebLinkAbout3385property owner elects -to make payments on said annual basis, he shall execute a contract in such form as shall be prescribed by the city council, which.contract may be paid in ten equal annual installments commencing one year after the date the special connection was made, with interest on the whole unpaid sum at the rate of ((s}m)) eight percent per year. Such installment contract shall provide that any unpaid balance may be paid in full in any year at the time the annual in- stallment for such year is due and payable, and shall further provide that any installment not paid when due shall be delinquent and there shall be added to the same a penalty of five percent of the amount of the overdue installment and interest, and such penalty shall become a part of the lien upon the property. Such contract shall contain a legal description .of the real property subject to the special assessment, shall be acknowledged by the property owner and shall be made a covenant running with the land and property to.which the connection is made, superior to all other liens and encumbrances except those for general taxes and special assessments, which may be foreclosed in the same manner provided by law for the foreclosure of delinquent local!improvement district assessment liens. The -contract shall be recorded in the office of the King County auditor at the expense of the property owner, and upon payment in full t a release of the lien shall be executed by the city by the mayor and attested by the city clerk. All moneys collected from the payment of latecomer special assessment charges shall be deposited by the director of finance in the sewer cumulative r reserve fund." Section 2. This Ordinance shall take effect and ,be in force five (5) days from and after its passage, approval and publication, as provided by law. INTRODUCED: APRIL 2, 1979 PASSED: APRIL 2, 1979 APPROVED: APRIL 2, 1979 j/Mg/ AYOR ATTEST: City Cie APPROV S T F M: City Attorney Ordinance No. 3335 Page 2 & Last 3-30-79 PUBLISHED: APRIL 6, 1979 STATE OF WASHINGTON) ss. COUNTY OF KING ) I, Coralee A. McConnehey, the duly appointed, qualified City Clerk of the City of Auburn, a Municipal Corporation and Code City, situate in the County of King, State of Washington, do hereby certify that the .fore- going is a full, true and.correct copy of Ordinance No. 3385 of the ordinances of the City of Auburn, entitled "AN ORDINANCE OF THE CITY OF AUBURN, WASHINGTON, AMENDING AUBURN CODIFIED CITY ORDINANCE NO. 13.20.550 RELATING TO LATECOMER CONNECTION CHARGE. I further certify that said Ordinance No. 3385 was duly passed by the Council and approved by the Mayor of the said City of Auburn and published as provided by law in the Auburn Globe News, a weekly newspaper published in the City of Auburn, and of general c.i.rculat.i.on therein, on the 6th day of April A.D., 1979 I i Ai CITY CLERK OF THE CITY OF AUBUV