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Item 5: Ordinance Levying Assessments for West University Alleys
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Item 5: Ordinance Levying Assessments for West University Alleys
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6/9/2010 12:52:12 PM
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2/10/2006 9:17:05 AM
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City Council
City_Council_Document_Type
Agenda Item Summary
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2/13/2006
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<br />ASSESSMENT ACCOUNTS FEE SCHEDULE <br />(Effective for Assessment Accounts Included in <br />Local Improvement Distriets formed after October 15, 2004) <br /> <br />AU Assessment Accounts: <br /> <br />Financial Services Fee (charged to, and included <br />in all assessment accounts, based ontotal <br />assessment, excluding engineering costs) <br /> <br />5% <br /> <br />Assessment Installment Accounts: <br /> <br /> <br />Interim Interest Rate <br /> <br />6% interest <br /> <br />Long-Tenn Interest Rate <br /> <br />1.5% above rate <br />payable by City on <br />the long-term debt <br /> <br />Special Assessment AdministnUive Fee <br /> <br />$420.00 plus ~% of <br />Property owner' s <br />asseSsment <br /> <br />Equivalent Assessment Adrriinistrative Fee <br /> <br />$ 1.75tmoIlth <br /> <br /> <br />onthly or semi-annual payment <br />ved ten (10) days or more <br />. due date) <br /> <br />$S.OO or 5% <br />whichever is greater <br /> <br />B ~':'4 <br />~----_._.-._._----------~-_._..-..-_.-._.....__....-_._..----.--.----.------..---.----.-.----..-............--......-..--.-...,--~-.....-.---.-.--.--........----..-.._-_..--..--,---....--". .~..-::T'--t..,-~...:..~ <br />A,J <br />
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