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ORD 84-12 REVISING ASSESSMENT PENALTY PROVISIONSMAE:jt 6/4/84 ORDINANCE NO. 84-12 AN ORDINANCE OF THE CITY OF WINSLOW, WASHING- TON, AMENDING ORDINANCE NO. 84-1, PASSED ON FEBRUARY 21, 1984, REVISING ASSESSMENT PENALTY PROVISIONS AND THE COMMENCEMENT DATE FOR LOCAL IMPROVEMENT DISTRICT FORECLOSURES FOR 1984. THE CITY COUNCIL OF THE CITY OF WINSLOW, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. Section 2 of Ordinance No. 84-1, passed on February 21, 1984, is hereby amended to read as follows: Section 2. Delinquent Installments - Penalties. Whenever any annual or other installment upon any local improvement assessment shall become delin- quent after the effective date of this ordinance, each of such delinquent installments, comprised of principal and interest, remaining unpaid at the date of delinquency together with delinquent interest, if any, shall be subject to a penalty equal to the rate of interest provided by ordinance for the bonds or warrants plus five percent to be levied at time of payment. Penalties and interest on delinquent installments shall be computed according to the method set forth on Exhibit B, attached hereto and incorporated herein as if set forth in full, consistent with this section. Section 2. Section 3 of Ordinance No. 84-1 passed on February 21, 1984, is hereby amended to read as follows: Section 3. Foreclosure of Delinquent Assessments. If, on the first day of January, in any year, two installments of any local improvement assessment are delinquent, or if the final installment thereof has been delinquent for more than one year, the city attorney is authorized to commence foreclosure proceedings on the delinquent assessment or delin- quent installments by an appropriate action on behalf of the city in Kitsap County Superior Court. Such foreclosure proceedings shall be commenced on or before August 1, 1984 and on or before June 1 of each year thereafter. Section 3. Other than as provided herein, all other provisions of Ordinance 84-1 shall remain unaffected and in full force and effect. Section 4. This ordinance shall be in full force and effect five (5) days after passage and publication by posting as provided by law. ATTEST/AUTHENTICATED: APPROVED: MAYOR, ALICE B. TAWRESEY APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: BY ~~~ FILED WITH THE CITY CLERK: June 5, 198A PASSED BY THE CITY COUNCIL:June 7, 198~ PDSTED: June 11, 1984 EFFECTIVE DATE: June 16, 1984 ORDINANCE NO. 84-12 - 2 -