Ordinance No. 19501 - Laserfiche WebLink

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day peri ad are declared to be liens upon the respective lots, parts of lots or parcels of land against which said several amounts are assessed, and may be paid in~up to twenty equal semi-annual installments, including principal and interest at the rate of 109 per annum on the unpaid balance, provided no such installment is less than $25.D4. The City Recorder is directed to enter in the docket of Gity liens a statement in connection with each unpaid assessment containing the fallowing: 4.I A description of each lot, part of lot or acreage liable for such improvement; 4.2 The name of the owner ar reputed owner thereof, that the name of the owner is unknown; and 4.3 The sum assessed upon said property, the amount and date from which interest accrues, and the date of entering the same i n the docket of City Liens. Section 5. ~1} Upan completion of the improvement project, the City engineer shall determine the final cost of the improvement. any special casts or casts of features of the improvement that benefit aparticular-parcel of land in a manner peculiar to that parcel, together with its share of the overhead far the improvement shall be assessed to the benefitted parcel of ]and when adjusting the initial assessments. ~2} When the final casts of the improvement are less that the total initial assessments the Council shall ascertain and declare the excess, which shall be entered as a credit Upan the appropriate assessment on the lien docket. If an assessment has been paid, the excess shall be repaid to the owner of the parcel at the time the excess i s declared. ORDII~ANC~ - 4