12/09/2003 Resolutions 2003-365
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RES 0 L UTI 0 N 2003-365
WHEREAS, on October 28,2003, by Ordinance No. 8862, the City of Grand Island
created Sanitary Sewer District No. 512; and
WHEREAS, such district includes land adjacent to the City, some of which is and
continues to be, within an agricultural use zone and is used exclusively for agricultural use; and
WHEREAS, Gladys V. Schoel owns property in such district; and
WHEREAS, Mrs. Schoel has requested an agricultural deferment on the assessment
for Sanitary Sewer District No. 512 due to the land being used exclusively for agricultural purposes;
and
WHEREAS, a Notice of Filing Application for Deferral from Special Assessments
was filed with the Hall County Register of Deeds on November 5, 2003 as Instrument No.
0200314643 pertaining to property owned by Mrs. Schoel which is located within Sanitary Sewer
District No. 512.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that:
1.
The special assessments to be levied against Gladys V. Schoel under Sanitary Sewer
District No. 512 shall be deferred until terminated in accordance with Neb. Rev. Stat.
~ 19-2430.
2. That during said deferral, no principal payments shall become due and no interest
shall accrue upon the assessment.
3. That the special assessment shall be divisible upon a pro rata basis of the original
assessment in the event a portion of the land shall no longer be eligible for deferral.
4. That upon termination of deferral, the principal amount of the special assessment
shall be amortized over a term often years from that date. The first such installment
shall become delinquent in fifty days after termination of deferral. Each installment
except the first shall draw interest at seven percent (7%) per annum from and after
the date oftermination of deferral until the same shall become delinquent. Delinquent
installments shall draw interest at fourteen percent (14%) per annum.
Adopted by the City Council of the City of Grand Island, Nebraska, December 9, 2003.
~'Edwards
I:l
I:l City Attorney