1340_00001ORDINANCENO.1340
AN ORDINANCEAPPROVINGANDCONFIRMINGTHE ASSESSMENTSANDASSESSMENTROLLOFLOCALIMPROVEMENTDISTRICTNO.55IWHICHHASBEENCREATEDANDESTABLISHEDFORTHEPURPOSEOFPAYINGAPARTOFTHECOSTOFIMPROVINGCLOVERDRIVEFROMEVERGREENTONELSONROADBYGRADING:GRAVELINGLCONSTRUCTINGCURBWITHGUTTERS,CONCRETESIDEWALKSONONESIDE,WATERSERVICES,ASPHALTCONCRETEPAVEMENT,
SEWERLATERAL FIRE HYDRANTS,SIGNS,ANDSTORMDRAINAGEINTHECITYOFMOSESLAKEASPROVIDEDBYORDINANCENO.1265,ANDLEVYINGANDASSESSINGTHEAMOUNTTHEREOFAGAINSTTHESEVERALLOTS,TRACTS,PARCELSOF LANDANDOTHERPROPERTYSHOWNONSAIDROLL
WHEREAS,the assessment roll levying the special assessments againstpropertieslocatedinLocalImprovementDistrictNo.55 in the City of MosesLake,Washington,created under Ordinance No.1265 has been filed with theCityClerkoftheCityofMosesLakeasprovidedbylaw;and
WHEREAS,notice of the time and place of hearing thereof and of makingobjectionsandproteststosaidrollwasdulypublishedatandforthe timeandinthemannerprovidedbylaw,fixing the time and place of hearing hereonforSeptember13,1988 at 8 p.m.in the Council Chambers in thePolice/Court Facility,Moses Lake,Washington,and further notice thereof wasdulymailedbytheCityClerktoeachpropertyownershownonsaidroll;and
WHEREAS,at the time and place fixed and designated in said notice the hearing
was duly held and all protests made in writing were read and submitted to theiCityCouncilandwerebyitoverruled,
THECITY COUNCILOF THE CITY OF MOSESLAKE,WASHINGTONDOORDAINAS FOLLOWS:
Section 1.That the assessments and assessment roll of Local ImprovementDistrictNo.55 which has been created and established for the purpose ofgrading,graveling,constructing curb with gutters,concrete sidewalks on oneside,water services,asphalt concrete pavement,sewer lateral,fire hydrants,signs and storm drainage in the Lakeview area on Clover Drive from EvergreentoNelsonRoadintheCityofMosesLakeasprovidedinOrdinanceNo.1265 asthesamenowstands,be and the same as hereby in all things and respectsapprovedandconfirmed.
Section 2.That each of the lots,tracts,parcels of land and other propertyshownuponthesaidrollisherebydeterminedanddeclaredtobespeciallybenefitedbysaidimprovementsinatleasttheamountchargedagainstthesameandtheassessmentappearingagainstthesameisinproportiontotheseveralassessmentsappearinguponsaidroll.There is hereby levied and assessedagainsteachlot,tract,parcel of land and other property appearing upon saidrolltheamountfinallychargedagainstthesamethereon.
Section 3.That the assessment roll as approved and confirmed shall be filedwiththeTreasureroftheCityofMosesLakeforcollectionandthatsaidCityTreasurerisherebyauthorizedanddirectedtopublishnoticeasrequiredby
ORD.1340 -PAGE 2
law stating that said roll is in his hands for collection and that payment of
any assessment thereon or any portion of said assessment can be made at anytimewithinthirty(30)days from the date of the first publication of said
notice without penalty,interest,or cost,and that hereafter the sumremainingunpaidmaybepaidinten(10)equal annual installments with
interest thereon fixed at the rate of 13%per annum,provided,however,thatiftheneteffectiveinterestratefixedonthelocalimprovementbonds
hereafter issued for Local Improvement District No.55 is other than 12.5%per
annum,the interest rate on the unpaid assessments shall be revised to a rate
of 1/2 of 1%in excess of the net effective interest rate on such bonds.The
first installment of assessments on said assessment roll shall be come due and
payable during the 30-day period succeeding the date one year after the date
of first publication by the City Treasurer 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
30-day period,interest upon the whole unpaid sum shall be charged at a rate
of 13%per annum,provided however,that if the net effective interest rate
fixed on the local improvement bonds hereafter issued for Local Improvement
District No.55 is other than 12.5%per annum,the interest rate on the unpaid
assessments shall be revised to a rate of 1/2 of 1%in excess of the net
effective interest rate on such bonds;and each year thereafter one of said
installments,together with interest due on the whole of the unpaid balance,
shall be collected.Any installment not paid prior to the expiration of the
said 30-day period during which such installment is due and payable shall
thereupon become delinquent.All delinquent installments shall be subject to
a charge for interest at the rate above referenced and a penalty as set by
Moses Lake Municipal Code 3.50.020.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
after its passage and publication as provided by law.
Ept by the City Council an 19
APPR AS TO FORM:
ty Attorney
Published:10/20/88
i