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ORD 80-12 AMENDING ORDINANCE 58CITY OF WINSLOW, WASHINGTON ORDINANCE NO. 80-12 AN ORDINANCE relating to local improvements and special assessments; amending Ordinance No. 58. THE CITY COUNCIL OF THE CITY OF WINSLOW, WASHINGTON, DO ORDAIN as follows: Section 1. Section 10 of Ordinance No. 58 of the City ( then Town ) o f Wins low is amended to read as fol lows: Section 10. In all cases where bonds are issued to pay the cost and expense of a local improvement, the ordinance levying the assessments shall provide that the sum charged against any lot, tract and parcel of land or other property, or any portion thereof, may be paid during the thirty-day period allowed for the payment of assessments without penalty or interest and that there- after the sum remaining unpaid may be paid in equal annual installments. The number of installments shall be less by two than the number of years which the local improvement bonds issued to pay for the improve- ment are to run, but may be more than two years less than the last maturity of revenue bonds (in the case of utility local improvement districts). Interest on the whole amount unpaid at the rate fixed by the ordinance shall be due on the due date of the first installment of principal and each year thereafter on the due date of each install- ment of principal. The first installment shall become due and payable during the thirty-day period succeeding a date one year after the date of first publication of the City Clerk-Treasurer's notice, and annually thereafter each succeeding installment shall become due and payable in like manner. If the whole or any portion of any assess- ment remains unpaid after the first thirty-day period herein provided for, interest upon the whole unpaid sum shall be charged at the rate fixed in the ordinance providing for such improvement, and each year thereafter one of such installments, together with interest due upon the whole of the unpaid balance shall be collected. Any installment not paid prior to the expiration of the thirty-day period during which such installment is due and payable shall there- upon become delinquent. All delinquent installments shall be subject to a charge for interest at a rate and to an additional charge as a penalty of not less than five (5) percentum levied upon both principal and interest due on such installment or installments all as fixed by ordinance with respect to each assessment roll. PASSED by the City Council and APPROVED by the Mayor of the City of Winslow, Washington, at a regular open public meeting thereof, this 7th day of April, 1980. ATTEST: / Clerk-Treasurer · 'City Attorney -2- DATE' Apt i 1 ~'7 19 S 0 DONNA JEAN BUX"['ON CI,E Rt</TRI,]AS U t<l.] 1~ C I T Y O F W. I N S I,OW FI~,O;'.I' DEI,ORES A. i'~RAN~? S tl B J E C q2: U I.~ I D 3 a n d t]L ! i) 4 C 1 x a :' 1. o :s and f A S S N S S N 'i ;] N 'F C].ark {.'-.i~c.ll ! dot~t_,]<? :.:ho.c':k~,t t}t,7! ntta,-:..:!~o.d ;tnft ]_::!.}.,,dlc.;d thO fO].lC~Wi llg t.. () })~ C.'()]"' I',,r'!<; t ~'t't~{"{ ,.'~ cctlra i:cl I':o]. ]. co,f; ts. COST & E F Cos t: 83 '? 56'~ .. ;; ~-'.. (.; 2 6'? ~';"1('; 100,004.75 250,0]6.63 $ ], 250, ].30, :~. 5 (iOST UL!!) 4 Total Cos't ..',, I)J U S 'I 'N i:] N T S 'POTAb ULID ~ 3 Tota 1 :,~djustment:!.;. adjusted RO!,!~ ~ '()R i:~!:]CT'i'E[) RO!.:.L TOTAl,. t 8,7 > ',;. <t :I $ 4 I. 4, S !! '~,. f! ,i $ ,I ] .3 ,, 89 .~. 'I t', ( '] c <) I'! }. 2 (',~ Ii ~7 () r7 [-'> i..~<) I ~ EE ( 2()6 ) 8,'~ 2. 7033