07/13/2004 Ordinances 8920
* This Space Reserved for Register of Deeds *
ORDINANCE NO. 8920
An ordinance to assess and levy a special tax to pay the cost of construction of
Street Improvement District No. 1245 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. 1245 located in James Road north of Husker Highway, 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
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such lots, tracts and land as follows:
Approved as to Form II
July 8,2004 II City Attorney
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ORDINANCE NO. 8920 (Cont.)
Name
Pedcor Investments, LLC
Pedcor Investments, LLC
Pedcor Investments, LLC
Description
East 300 feet of Lot 1, Pedcor Subdivision
Lot 2, Pedcor Subdivision
East 300 feet of South 279.89 feet of Lot 3, Pedcor
Subdivision
Assessment
53,619.97
29,045.73
28,279.20
TOTAL
$110,944.90
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.
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. 1245.
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.
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ORDINANCE NO. 8920 (Cant.)
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: July 13, 2004.
Attest:
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RaNae Edwards, City Clerk
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