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02/26/2002 Ordinances 8719 * This Space Reserved for Register of Deeds * ORDINANCE NO. 8719 An ordinance to assess and levy a special tax to pay the cost of construction of Street Improvement District No. 1237 of the City of Grand Island, Nebraska; to provide for the collection of such special tax; to repeal any provision of the Grand Island City Code, ordinances, I and parts of ordinances in conflict herewith; and to provide for publication and the effective date of this ordinance. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND ISLAND, NEBRASKA: SECTION 1. There is hereby assessed upon the following described lots, tracts and parcels of land specially benefited, for the purpose of paying the cost of construction of said Street Improvement District No. 1237, as adjudged by the Council of said City, sitting as a Board of Equalization, to the extent of benefits accruing thereto by reason of such improvement, after due notice having been given thereof as provided by law; and a special tax for such cost of construction is hereby levied at one time upon such lots, tracts and land as follows: I ..,. Approved as to Form T ~ February 22, 2002 '" City Attorney I I I ORDINANCE NO. 8719 (Cont.) Name Central Community College Central Community College Central Community College Central Community College Central Community College Description Lot 1, Community College Subdivision Lot 2, Community College Subdivision Lot 3, Community College Subdivision Lot 4, Community College Subdivision Part of Lot 5, Community College Subdivision lying north of and adjacent to Lot 2, Community College Subdivision, being 40' north and south, and 205.79' east and west Part of Lot 5, Community College Subdivision lying north of and adjacent to Lot 3, Community College Subdivision, being 60' north and south, and 300' east and west Part of the EYz of the SW% of Section 29-11-91ying west of and adjacent to the west line of Wortman Drive between the north line of US Highway 34 and the south line of Lot 4, Community College Subdivision, and being within 300' of the west line of Wortman Drive Central Community College Central Community College TOTAL Assessment $ 36,705.79 36,709.29 34,906.12 34,902.62 7,002.58 10,503.87 238,581.48 $399,311.75 SECTION 2. The special tax shall become delinquent as follows: One-tenth of the total amount shall become delinquent in fifty days; one-tenth in one year; one-tenth in two years; one-tenth in three years; one-tenth in four years, one-tenth in five years; one-tenth in six years; one-tenth in seven years; one-tenth in eight years; and one-tenth in nine years respectively, after the date of such levy; provided, however, the entire amount so assessed and levied against any lot, tract or parcel of land may be paid within fifty days from the date of this levy without interest, and the lien of special tax thereby satisfied and released. Each of said installments, except the first, shall draw interest at the rate of seven percent (7.0%) per annum from the time of such levy until they shall become delinquent. After the same become delinquent, interest at the rate of fourteen percent (14.0%) per annum shall be paid thereon, until the same is collected and paid. SECTION 3. The treasurer of the City of Grand Island, Nebraska, IS hereby directed to collect the amount of said taxes herein set forth as provided by law. - 2 - Approved as to Form T C)({lY' February 22, 2002 '" City Attorney I I I ORDINANCE NO. 8719 (Cont.) SECTION 4. Such special assessments shall be paid into a fund to be designated as the "Paving District Assessment Fund" for Street Improvement District No. 1237. SECTION 5. Any provision of the Grand Island City Code, and any provision of any ordinance, or part of ordinance, in conflict herewith is hereby repealed. SECTION 6. This ordinance shall be in force and take effect from and after its passage and publication, within fifteen days in one issue of the Grand Island Independent as provided by law. Enacted: February 26, 2002. Attest: Q.n ~ CZr2.LCoAI1./ RaNae Edwards, City Clerk - 3 - Approved as to Form .., ~ February 22, 2002 A City Attorney