Ordinance No. 19393 - Laserfiche WebLink

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7.190 Local Improvements - Assessments - Levy and Notice Thereof. e counci by or ~nance sha levy assessments on parcels of real property specially benefited by local improvements. Upon enactment of such an ordinance, the finance officer by first class mail shall give notice of the assessments to the owners of the assessed parcels. The notice shat 1 state that each assessment may be paid i n full , without interest, wi thi n ten days after the date of the assessment ordinance and that, if the assessment i s not so paid, interest on the unpaid balance of the assessment wi 11 accrue as prescribed in the assessment ordinance until the assessment is paid, unless payment of the assessment i s deferred under section 7.200. The notice shall also state that the assessment may be paid i n installments according to the terms set forth i n the assessment ordinance, and shat ] i n- clude an application for so paying the assessment. ~2} Unless otherwise specified by this code or by assessment ordi- nance, reference i n this code to making payments i n installments including but not limited to, i nstal Invent payments under the Bancroft Bonding Act, sha] 1 mean paying the obligation i n up to twenty ~ 2n } equal semi -annual i n- stal 1 ments including principal and interest at the rate set under section 2.022 of this code, provided no such installment payment is less than $25. 7.195 Local Improvements - Deferral , Extension, or Modification of Payment of Assessment - E1 ~ g~ b~ l ~ ty for Improvement Assn stance Program. For purposes of the improvement assistance program described in this section, a property awner is a natural person who resides on and is the sole owner of, or a husband and wife who reside on and one or both of whom exclusively own, real property regarding which assessment payments are brought within, or proposed to be brought within, the program. ~2} To the extent that funds are available in the Local Improve- ments Assistance fund, deferral , extension, or modification of payments on assessments for local improvements, for assessments under section 7.154 and for nuisance abatement ]iens shall be accorded eligible real property owners. ~3} To be eligible for deferral of assessment payments: ~ a } The real property owner shat l be sixty-two ~ 62 } years of age or more, or, if a husband and wife, one shall be so; fib} The owner's annual income may not exceed thirty-five X35} percent of the latest Lane County median family incor~e recognized vn July 1 of each year by the Department of Housing and Urban Development, or forty X40 } percent of that median family income i f the owner is a husband and wife; plus an additional five ~5} per- cent of the Lane County median family income far each dependent residing on the property and related to the owner by blood or mar- r~ age ~ n the f ~ rst or second degree; ~c} The awner may not, or if the owner is husband and wife neither may, own assets i n addition to the property of residence and its household furnishings worth more than four ~4 } times the allowable income under subsection ~3}fib} of this section, except that assets producing any part of the income counted in subsection ~3 } ~ b} of thi s secti an shat l be excluded i n determining the amount of assets owned; and ~d} The awner may not, or if the owner is husband and wife neither may, own fee ti t1 a or a possessory interest i n other prop- erty which i s allowed a deferral under this section. Ordinance - 29