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HomeMy WebLinkAboutOrdinance No. 0205CITYOFMEDINA205ORDINANCENOANORDINANCEdeterminingtherateofinterestonassessmentsFortheimprovementof80thAvenueNEbetweenNE8thandNElOthStreetsbyLocalImprovementDistrictNo1oftheCityTHECITYCOUNCILOFTHECITYOFMEDINADOORDAINASFOLLOWSSectionIInterestRateAssessmentsforimprovementof80thNEbetweenNE8thandNElOthStreetsbyLocalImprovementDistrictNo1oftheCityasdeterminedbytheordinanceconfirmingtheassessmentrollthereforandnotpaidinthestatutory30dayperiodaftersuchconfirmationsotobewithoutinterestorpenaltyshatlbearinterestattherateof534percentperannumAnyassessmentsorinstallmentsthereofwhendelinquentandtheinterestduethereonshallbearapenaltyofsixpercent6ofthetotalamountthereoffromthedateofsuchdelinquencySection2oCodeReferenceofspecialeffectSection3EffectiveDate7daysafteritspassagePASSEObytheCityCouncilonthedayofFebruaryandsignedinauthenticationofsuchpassagethesamedayAllsectionshereofshallbeconsideredThisordinanceshallbeeffectiveseven131967AttestApprovedastoformSChadwickJrCityAttorney