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HomeMy WebLinkAboutORD 3633CITY OF RENTON,WASHINGTON ORDINANCE NO.3633 A:~ORDINAi~CE OF THE CITY OF RENTON,IVASHINGTON, APPROVING AND CONFIRMING THE ASSESSi1ENTS AND ASSESSMENT ROLL OF LOCAL IMPROVEI1ENT DISTRICT #321 FOR THE CONSTRUCTION OF SM~ITARY SE\~R HAIN,LATERALS AND SIDE SEWERS IN THE VICINITY OF NORTHEAST SUNSET BOULEVARD AND DUVALL AVENUE NORTHEAST,REilTON,KING COUNTY,IVASHINGTON,BY DOING ALL WORK NECESSARY IN CONNECTION THEREWITH, LEVYING AND ASSESSING THE AHOUliTS THEREFOR AGAINST THE SEVERAL LOTS,TRACTS,PARCELS OF LAND AND OTHER PROPERTY AS SHO"~ON SAID ASSESSMENT ROLL AS CONFIRJ'IED BY THE CITY COUNCIL;AND PROVIDING FOR THE PAYMENT OF SUCH ASSESSMENTS INTO THE LOCAL IHPROVEMENT FUND,DISTRICT NO.321 OF THE CITY OF RENTON,WASHINGTON,AS CREATED BY ORDINANCE NO. 3519. WHEREAS the assessment roll levying the special assessment against the property located in Local Improvement District No.321 in the Vicinity of Northeast Sunset Boulevard and Duvall Avenue Northeast created under Ordinance No.3519,dated March 9,1981,has been filed with the City Clerk of the City of Renton,Washington by the Director of Public Works,as provided by law;and \-lHEREAS due notice of the time and place of hearing thereon and making objections and protests to said roll was duly published at and for the time and in the manner provided by law,fixing the time and place of hearing thereon for May 17,1982 at the hour of 8:00 P.M. in the City Council Chambers,Renton Municipal Building,Renton, Washineton,and due notice thereof vIas timely mailed by the City Clerk to each property owners ShO\ffi on said roll as provided by law and as further specified in RCW 35.44.090 and said hearing having been duly held as aforesaid;and WHEREAS at the time and place fixed and designated in said notice,said hearing on said assessment roll resulted in the following protests and/or objections,as received by the City Clerk prior to, at and during said public hearing,to-wit: NONE -1- and the City Council having duly considered said assessment roll, and the City Council sitting and acting as a Board of Equalization fo'. the purpose of considering the roll,benefits to be received by each lot,parcel and tract of land ShO~1 upon said roll.including the increase and enhancement of the fair market value of each such parcel of land by reason of said improvement; NOW THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTOil, WASHINGTON,DO ORDAIlJ AS FOLLOWS, SECTION I:That the assessments and assessment roll of Local Improvement District No.321 which has been created and established for the purpose of construction of sanitary sewer main, laterals and side sewers,and all as more particularly described in Ordinance No.3519.further reference hereby had thereto.and all in accordance with said Ordinance,be and the same is hereby in all things approved and confirmed so that the total amount of the assessm, and assessment roll of said Local Improvement District is in the sum of $73,018.37. SECTION II:That each of the lots,tracts,parcels of land and other property shown upon said assessment roll is hereby determined and declared to be specially benefited by said improvement in at least the amount charged against the same,and the assessments appearing against the same are in proportion to the several assess- ments appearing upon said roll,There is hereby levied and assessed agai.nst each lot,tract or parcel of land.or other property appearin:'. upon said roll,the amount finally charged against the same thereon. SE~IIO~~II:That the assessment roll as approved and confirmed shall be filed with toe Director of Finance for collection and said Director of Finance is herebv authorized and directed to publish notice as required by law,stating that said roll is in his hands for collection and that payment of any assessment thereon or any portion of said assessment can be made at any time within thirty days from date of first publication of said notice.without penalty, -2- interest or cost,and that th(~reafter the sum remaining unpaid,may be paid in ten equal annual installments with interest thereon hereb\ fixed at the rate of ,of 1 percent in excess of the net effective interest rale on the bonds issued f(lr Local Improvement District Nt). 321.The first installment of assessment on said assessment roll sh;1 become due and payable during the thirty day period succeeding the dn one year after the dale of first publication by the Director of Final1 of notice that the assessment roll is in his hands for collection and annually thereafter each succeeding installment shall become due and payable in like manner.If the whole or any portion of the assessm~'ll remain unpaid after the first 30 day period,interest upon the whol.(' unpaid sum shall be charged at the rate of !of 1 per cent in excess of the net effective interest rate on the bonds issued for Local Improvement District No.321 and each year thereafter one of said in- stallments,together with interest due on the whole of the unpaid balance,shall be collected.Any installments not paid prior to ex- piration of the said 30 day IJeriod during which installment is du(! and payable shall thereupon become delinquent.All delinquent instal lments shalL be subject to a charge for interest at the rate herein- above set forth and for an additional charge of 8 !per cent penalty levied upon both principal and interest due upon such installment ()1· installments.The collection of such delinquent installments shall I, enforced in the manner provided by law. SECTION IV:All of such assessments or installments thereof and interest and penalty,if any thereon,when collected by the Director of Fi.nance shall be paid into the Local Improvement Fund, District No.321,of the City of Renton as created by said Ordinance No.3519,and shall be used solely for.the purpose of paying the principal and interest on the warrants and bonds drawn upon or issu(!(1 against said Fund,or in case no bonds have been issued,then in pay·· ment of any installment note or notes as provided for in RCW 35.45.I ~, as may be determined by the City Council of the City of Renton. ·, SECTION V:This Ordinance shall be effective upon its passage,approval and five days after its publication. PASSED BY THE CITY COUNCIL this 7th day of June 1982. APPROVED BY THE I1AYOR this 7th day of June 1982. ~4'\f~~ct Mayor Approved as to form: Date of Publication:June 13.1982 -4-