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HomeMy WebLinkAbout1968-1049 ORDINANCE NO. / AN ORDINANCE amending Sections 2 and 3 of Ordinance No. 917, entitled "An Ordinance confirming the assessment roll covering Local Improvement District No. 956 as created and established by Ordinance No. 820 of the Ordinances of the City of Yakima", passed by the Yakima City Council May 29, 1967. WHEREAS, on May 29, 1967, the Yakima City Council passed Ordi- nance No. 917, entitled "An Ordinance confirming the assessment roll covering Local Improvement District No. 956 as created and established b: Ordinance No. 820 of the Ordinances of the City of Yakima", Sec- tions 2 and 3 of which erroneously specify an interest rate of 4% per annum on unpaid assesstnents, when an interest rate of 5% should have been specified; •and the City Council finds that said Ordinance No. 917 should be amended accordingly, now, therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: Section 1. Section 2 of said Ordinance No. 917 is hereby amended to read as follows: "Section 2. The amount of the assessment charged against 411 and levied upon each tract and parcel of land in and by said assessment roll or any portion of such sum, may be paid at any time within thirty (30) days from the date of the first publi- cation of the Notice of the City Treasurer hereinafter provided for, without penalty, interest or costs; and thereafter the sum remaining unpaid may be paid in 10 annual installments with interest on the whole unpaidsum charged and assessed at the rate of 5 per cent per annum." Section 2. Section 3 of said Ordinance No. 917 is hereby amended to read as follows: "Section 3. The City Clerk is hemby directed to forthwith 0 furnish the City Treasurer with a certified copy of said assf?ss- ment roll, and said City Treasurer shall thereupon publish a notice in the official newspaper of said City for a period of 10 successive daily issues thereof, and mail like notices to every owner of any tract or parcel of land within said Local Improve- ment District whose post office address is known, which notices shall state that said assessment roll is in her hands for col- lection and any assessments thereon, or any part or portion thereof, may be paid any time within thirty (30) days from the date of the first publication of said notice, without penalty, 110 interest or costs, and that the unpaid balance, if any, may be paid in 10 equal annual installments or the lien of any such assessment may be discharged at any time after the said thirty (30) days by paying the entire unpaid portion thereof, with all penalty and costs attached, together with all interest thereon to the date of delinquency of the installments thereof next falling due, and that all unpaid amounts after said thirty (30) days period shall bear interest at the rate of 5 per cent Per annum, and any installments not naid when due shall become delinquent and be subject to a charge of five per cent (57) penalty upon both principal and interest due thereon." Section 3. This Ordinance is one relating to local improvements or assessments therefor and shall become effective immediately upon its passage, approval and publication as provided by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 15th day of July, 1968. a /kzer1/4_ MAYOR ATTEST: CITY CLERK 41/