Ordinance No. 19393 - Laserfiche WebLink

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adjacent to undeveloped real property which i s located within 160 feet of the sewer, which has not been subdivided, which does not have access to a sanitary sewer lateral system, and which is located more than 160 feet away from a dedicated road or street. ~ 5 } Collection of an assessment far construction of a sanitary sewer service 1 i ne may be deferred i f ~a} The service connection will not be used until a subdivi- s~ on occurs; ~ b} Installation with a paving project wi 11 e1 i mi Hate a future street cut; or ~c} Property owner approval was not given but it is in the city's best interest to instal l the service l i ne. 7.204 Local improvements -Agreement to Defer, Extend,~or Modify Assess- ment ayments, T e ~nance o ~cer s a ma a ava~ ab a to inter- ested persons upon request information regarding eligibility for deferral, modification, or extension of assessment payments. An eligible real property owner who requests such a deferral, extension, or modification shall submit evidence of el i gi bi 1 i ty on forms provided by the finance officer, After re- view of the evidence submitted, the finance officer shall notify the appli- cant whether the request has been granted. I f i t has, the applicant shat enter into a contract to pay the assessment in accordance with the terms of the deferral , extension, or modification. The contract shat 1 be on a form approved by the city attorney, and may be recorded in the official records of Lane County, Oregon. 7.205 Local Improvements -Interest on Assessment Payments Deferred, Mod~f~ed, or Extended. 1 An assessment deferred under subsection 1,1953} shall accrue simple interest of three percent X3°6} per annum from the date it is levied until the deferral ends, The contract required by section 7.200 shall specify whether the interest i s to be paid semi-annually or monthly during the deferral, or in one lump sum at the end of the deferral, when the deferral ends payment of the assessment shall be made as provided in section 7.224, ~ 2 } Extended or modified assessment payments authorized under sub- section 7,1954} shall be due semiwannually fora term of years not to exceed twice the number of years remaining on the assessment bonding agreement as of the date that the application for extension of payments i s submitted. The amount and date of semi-annual payments to be made shall be as specified in the contract of extension ar modification. Each such payment shall in- cl ude interest accrued to the time of the payment on the unpaid balance of the assessment. During the first 10 years of the extension, interest shall accrue at the rate then authorized by section 2.022 of this code. During any period of the extension after the 10 years, interest shat 1 accrue at three percent ~ 3°6 } per annum less than the rate of interest charged at the begi n- ni ng of the extension period. 7,210 Local improvements - Termination of Deferral, Extension, or Mo ~ ~cat~on o Assessment Payments. A deferral, extension, or modification of assessment payments shat l end i f : Ordinance - 31