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32
ORDINANCE NO. A/7,0
AN ORDINANCE of the City of Port Angeles amending
the interest rate on assessments in Local
Improvement District No. 203, extending the
period for prepayment of assessments, and
amending Ordinance No. 2157.
WHEREAS, after notice and hearing on the assessment roll for
Local Improvement District No. 203 in the manner provided by law,
the assessment roll was approved and confirmed, the assessments
were made and levied and a maximum interest rate on the unpaid
balance of assessments was fixed by Ordinance No. 2157;
WHEREAS, the City Council deems it necessary in order to
sell bonds of Local Improvement District No. 203 to increase such
maximum rate; and
WHEREAS, the City Council deems it fair and reasonable to
extend the period during which assessments may be paid without
penalty_, interest or costs; now therefore,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT
ANGELES, as follows:
Section 1. Section .2 of Ordinance No. 2157 is hereby amended
to read in its entirety as follows:
Section 2. Each of the lots, tracts, parcels of land
and other property shown upon said roll is hereby declared
to be specially benefited by said improvements in at least
the amount charged against the same, and the assessment
appearing against the same is in proportion to the several
assessments appearing upon said roll. There is hereby
levied and assessed against each such lot, tract, parcel of
land and other property appearing upon said roll the amount
finally charged against the same thereon.
Said amount or any portion thereof may be paid at any
time within thirty (30) days from the date of the first
publication of the City Treasurer's notice that the assess-
ment roll has been placed in her hands for collection
without penalty, interest or costs and thereafter the sum
remaining unpaid, if any, may be paid in ten annual install-
ments with interest on the whole unpaid sum at a rate not to
exceed ((13)) 18% per annum. Commencing one year after a
date, thirty (30) days after the first publication of said
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notice, and each year thereafter, one of said installments
together with the interest due thereon and on all install-
ments thereafter to become due shall be collected as pro-
vided by law and the ordinances of the City of Port Angeles,
Washington.
Section 2. The time within which the amount of any assess-
ments levied against property within Local Improvement District
No. 203 or any portion thereof may be paid without penalty,
interest or costs is hereby extended to include a period within
ten (10) days from the date of first publication of the City
Treasurer's notice that the maximum interest rate on'unpaid
assessments has been amended and the prepayment period has been
extended. The City Treasurer is hereby directed to give notice
thereof by publication once a week for two consecutive weeks in
The Daily News and, on or before the first such publication, to
mail a like notice to each owner or reputed owner whose name
appears on the assessment roll at the address shown on the tax
rolls of the Clallam County Treasurer for each item of property
on the assessment roll.
Section 3. This ordinance shall become effective five (5)
days after its passage, approval and publication.
PASSED by the City Council of the City of Port Angeles at a
special meeting of the Council held on the 29th day of September,
1981.
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ATTEST:
9./4L;o1(
Marian C. Parrish, City Clerk
APPROVED AS TO FORM:
CITY OF PORT ANGELES, WASHINGTON
Craig L Miller, City Attorney
PURL SHED: & ade,le-/ / 9 7i