07/13/2004 Resolutions 2004-160
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RES 0 L UTI 0 N 2004-160
WHEREAS, on May 25, 2004, by Ordinance No. 8906, the City of Grand Island
created Street Improvement District No. 1252; and
WHEREAS, such district includes land which is and continues to be, within an
agricultural use zone and is used exclusively for agricultural use; and
WHEREAS, Steven F. Asche and Connie Asche own property in such district; and
WHEREAS, Steven Asche and Connie Asche have requested an agricultural
deferment on the assessment for Street Improvement District No. 1252 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 June 18,2004 as Instrument No. 0200406059
pertaining to property owned by Steven and Connie Asche which is located within Street
Improvement District No. 1252.
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 Steven and Connie Asche under Street
Improvement District No. 1252 shall be deferred until terminated in accordance with
Neb. Rev. Stat. S 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 ofthe 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, July 13, 2004.
Qof\~o <W~
RaNae Edwards, City Clerk
Approved as to Form l:!
July 8, 2004 l:! City Attorney