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Ordinance No. 20291
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2003 No. 20274-20306
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Ordinance No. 20291
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Last modified
6/10/2010 4:44:40 PM
Creation date
7/26/2005 5:58:08 PM
Metadata
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Template:
City Recorder
CMO_Document_Type
Ordinances
Document_Date
6/23/2003
Document_Number
20291
CMO_Effective_Date
6/23/2003
Author
James D. Torrey
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Section 3~ The Cky Council does hereby determine and assess each lot and part of lot within <br />the described local improvement district as set fbrth on the assessment roll attached as Exhibit C <br />hereto and incorporated herein by reference. <br /> <br /> Section 4. The City Council does hereby determine that each parcel of land or lot herein <br />above described is specially benefitted to the extent of the assessrnent set forth. The Finance Officer <br />shall give notice of the assessments to the owners of the assessed parcels advising them the <br />assessment may be paid in full, without interest, within ten days of the effective date of this <br />ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the <br />respective tots, parts of lots or parcels of land against which said several amounts are assessed, and <br />may be paid, with interest on the unpaid principal amount commencing ten days after the effective <br />date oft his ordinance: <br /> <br /> 4.1 In up to twenty semi-annual installments, including principal and interest at the rate set <br />by the City Manager as provided in E.C. 2~022 through 2.024. <br /> <br /> 4.2 If the proper~y owner so elects, in 120 monthly installments~ including principal and <br />interest at the rate set by the City Manager as provided in E.C. 2.022 through 2~024 plus a service <br />charge determined by the City Manager as provided in E~C. 2.020. <br /> <br /> Section 5. The City Recorder is directed to enter in the docket of City Liens a statement in <br />comnecfion with each unpaid assessment containing the ~bllowing: <br /> <br /> 5~1 A description of each lot~ part of lot or acreage specially benefitted by the local <br />improvement; <br /> <br /> 5.2 The name of the owner or reputed owner thereof, or that the name of the owner is <br />unknown; and <br /> <br /> <br />
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