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HomeMy WebLinkAbout4088 ' � . , . • , �� ; , , ORDINANCE N0. 4088 ' AN ORDINANCE RELATING TO LOCAL IMPROVEMENT DISTRICT N0. 335, APPROVING AND CONFIRMING THE ASSESSMENTS AND ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT N0. 335 FOR THE PURCHASE OF PROPERTY ON THE NORTHWEST CORNER OF EAST MAIN AND "B" STREET N.E . WITHIId THE CITY FOR A DOWNTOWN PARKING LOT, AS PROVIDED BY ORDINANCE N0. 4064 , AND LEVYING AND ASSESSING 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 assess- ments against the property located in Local Improvement District No. 335 in the City of Auburn, 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 16th day of September, 1985, at the hour of 7 : 30 p.m. , local time, in the Council Chambers in the City Hall, Auburn, 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 property owners who submitted such protests ' or their representatives 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 AUBURN, WASHINGTON, DO ORDAIN AS FOLLOWS : • Section 1 . The assessments and assessment roll of Local Improvement District No. 335 which has been created and ---------------------------- Ordinance No. 4088 Page One 10/7/85 , . .. , , . . ,. � : • • , established for the purpose of purchasing property on the northwest corner of East Main and "B° Street N.E . , within the City, for use as a downtown parking lot in accordance with the comprehensive plan of off-street parking space and/or facilities as adopted by Resolution No . 1600, all as provided by Ordinance No . 4464 , as the same now stand be and the same are in all things and respects approved and confirmed in the total amount of $108, 500. 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 appearinq 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 can 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 ten equal annual installments . The esti- mated interest rate is stated to be 10� 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 . 335 . The first installment of assess- ments on the assessment roll shall become due and payable during the thirty-day period succeeding the date one year after the ----------------------- Ordinance fVo. 4088 Page Two - 2 - 10/7/85 • � t . . � � . ' � � . . • , � , .. . . , 3� . _, 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 expira- tion of the thirty-day period during which such installment is due and payable shall thereupon become delinquent . All delin- quent installments shall be subject to a charge for interest at the rate as determined above and for an additional charge of 12� penalty levied upon both principal and interest due upon such installment or installments . The collection of such delinquent installments shall be enforced in the manner provided by law. Section 4 . 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: OCTOBER 7, 1985 PASSED: OCTOBER 7 1985 APPRO TO 7 1985 Mayor ATTEST: City Clerk AP ROVED AS TO FORM: �i ty Attorney PUBL I SHED: OCTOBER 13, 1985 0920a --------------------------- Ordinance No. 4088 _ 3 _ Page Three 10/7/85