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08/24/2004 Ordinances 8929 I I Ordinance No. 8929 was filed with the Register of Deeds Office on August 25, 2004 Document No. 0200408420. * This Space Reserved for Register of Deeds * ORDINANCE NO. 8929 An ordinance to assess and levy a special tax to pay the cost of construction of Street Improvement District No. 1251 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, 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. 1251 located in Grand West Fourth Subdivision, 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: Approved as to Form II August 17, 2004 I ORDINANCE NO. 8929 (Cont.) Name Description Assessment Grand West L.L.C Lot 1, Grand West 4th Subdivision 4,570.30 Grand West L.L.C Lot 2, Grand West 4th Subdivision 4,557.90 Grand West L.L.C Lot 3, Grand West 4th Subdivision 4,571.14 Grand West L.L.C Lot 4, Grand West 4th Subdivision 5,106.18 Grand West L.L.C. Lot 5, Grand West 4th Subdivision 4.800.35 Grand West L.L.C. Lot 6, Grand West 4th Subdivision 5,433.52 Grand West L.L.C Lot 7, Grand West 4th Subdivision 6,814.80 Grand West L.L.C. Lot 8, Grand West 4th Subdivision 10,281.42 Grand West L.L.C Lot 9, Grand West 4th Subdivision 10,281.42 Grand West L.L.C Lot 10, Grand West 4th Subdivision 6,814.80 Grand West L.L.C. Lot 11, Grand West 4th Subdivision 5,433.52 Grand West L.L.C. Lot 12, Grand West 4th Subdivision 4,822.95 Grand West L.L.C Lot 13, Grand West 4th Subdivision 4,332.49 Grand West L.L.C. Lot 14, Grand West 4th Subdivision 4,322.48 I Grand West L.L.C Lot 15, Grand West 4th Subdivision 4,322.48 Grand West L.L.C Lot 16, Grand West 4th Subdivision 4,978.70 Grand West L.L.C Lot 17, Grand West 4th Subdivision 5,580.91 Grand West L.L.C Lot 18, Grand West 4th Subdivision 7,715.20 Grand West L.L.C Lot 19, Grand West 4th Subdivision 12,534.61 Grand West L.L.C. Lot 20, Grand West 4th Subdivision 12,735.02 Grand West L.L.C Lot 21, Grand West 4th Subdivision 7,168.22 Grand West L.L.C. Lot 22, Grand West 4th Subdivision 5,812.93 Grand West L.L.C Lot 23, Grand West 4th Subdivision 5,182.72 Grand West L.L.C Lot 24, Grand West 4th Subdivision 4,838.69 Grand West L.L.C. Lot 25, Grand West 4th Subdivision 4,864.50 Grand West L.L.C Lot 26, Grand West 4th Subdivision 5,229.85 Grand West L.L.C Lot 27, Grand West 4th Subdivision 5,358.06 TOTAL $168,465.16 SECTION 2. The special tax shall become delinquent as follows: One-tenth of I 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 - 2 - I I I ORDINANCE NO. 8929 (Cont.) 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. 1251. 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: August 24, 2004. Attest: Q~ ffiw~ RaNae Edwards, City Clerk - 3 -