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132:__ <br />COUNCIL MEETING <br />JULY 25, 1988 <br />the first of the installments to be payable on or <br />before the first Monday in January, 1989 and shall <br />bear interest at the rate of nine (9) per cent per <br />annum from the date of the adoption of this assess- <br />ment resolution. To the first installment shall <br />be added interest on the entire assessment from the <br />date of this resolution until December 31, 1988. To <br />each subsequent installment when due shall be added <br />interest for one year on all unpaid installments. <br />3. The owner of any property so assessed may, at any <br />time prior to certification of the assessment to <br />the County Auditor, pay the whole of the assessment <br />on such property, with interest accrued to the date of <br />payment, to the City Treasurer, except that no interest <br />shall be charged if the entire assessment is paid with- <br />in thirty (30) days from the adoption of this resolut- <br />ion; and he may, at any time thereafter, pay to the <br />City Treasurer the entire amount of the assessment <br />remaining unpaid, with interest accrued to December 31 <br />of the year in which such payment is made. Such pay- <br />ment must be made before October 15, or interest will <br />be charged through December 31 of the next succeeding <br />year. <br />4. The Clerk shall forthwith transmit a certified dupli- <br />cate of this assessment to the County Auditor to be <br />extended on the property tax lists of the County. Such <br />assessments shall be collected and paid over in the <br />same manner as other municipal taxes. <br />Adopted by the Council this 25th <br />-Y)� - -. <br />Mari yn . Anderson, Clerk- Treasurer <br />of July, <br />Air <br />Benja <br />on, Mayor <br />PUBLIC HEARING, REZONE, JAMES LOUGHREY, ORDINANCE NO. 13 - <br />88, FIRST READING <br />Mr. Miller explained that Mr. Loughrey originally applied <br />for a rezone of his property at 7781 Lake Drive so that he <br />could operate a light manufacturing and assembly business. <br />PAGE 15 <br />