Ordinance No. 19829 - Laserfiche WebLink

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Section 3. The City Council does hereby determine and assess each parcel of land and lot being within the described local improvement district as set forth on the assessment roll attached as Exhibit C hereto and incorporated herein by reference. Section 4. The City Council does hereby determine that each parcel of land or lot hereinabove described is specially benef fitted to the extent of the assessment set forth. The Finance Officer shall give notice of the assessments to the owners of the assessed parcels and lots advising them the assessment may be paid in full, without interest, within ten days of the effective date of this ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the respective lots or parcels of land against which said several amounts are assessed, and may be paid, with interest on the unpaid principal amount commencing ten days after the adoption of this ordinance: 4.1 in up to twenty semi-annual installments, including principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.024; or 4.2 if the property owner so elects, in 120 monthly installments, including principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.424 plus a service charge to be determined by the City Manger as provided in E.C. 2.020. Section 5. The parcels and lots herein assessed are also obligated to pay a development charge for local and regional sewerage facilities under E.C. 7.705. If the local and regional DEF ORDINANCE Page 5