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2520Adopted by the City Council and signed by its Mayor on August 25, 2009. Ronald C. Covey, M ATTEST: APPROV AS TO FORM: es A. Whitaker, City Attorney Ronald R. Cone, Finance Director • •ORDINANCE NO. 2520 AN ORDINANCE AMENDING CHAPTER 3.50 OF THE MOSES LAKE MUNICIPAL CODE ENTITLED "LOCAL IMPROVEMENT DISTRICTS" THE CITY COUNCIL OF THE CITY OF MOSES LAKE, WASHINGTON ORDAINS AS FOLLOWS: Section 1. Chapter 3.50 of the Moses Lake Municipal Code entitled "Local Improvement Districts" is amended as follows: 3.50.020 Penalty: When a local improvement district has been established and an assessment or installment is delinquent, in addition to the interest to be paid on the assessments or installments as previously fixed by the City Council, a penalty shall be assessed on the assessment or installment in the amount of nine percent (9%) upon both the principal and the interest due. The collection of such delinquent installments shall be enforced in the manner provided by law. Section 2. This ordinance shall take effect and be in force five (5) days after its passage and publication of its summary as provided by law. •