Chapter 4.08
LOCAL IMPROVEMENT DISTRICTS

Sections:

4.08.010    Purpose.

4.08.020    Duties of city engineer.

4.08.030    Bonds.

4.08.040    Levying assessments.

4.08.050    Delinquent installments.

4.08.010 Purpose.

The creation of local improvement districts by the city, the levying and collection of assessments therein, and the issuance of bonds and warrants thereof, shall be accomplished in accordance with the applicable provisions of the statutes of the state and the provisions of this chapter. (Ord. 64 § 1, 1962).

4.08.020 Duties of city engineer.

The city engineer is designated as the proper officer to make preliminary estimates and assessment rolls for local improvement districts of the city and to furnish to the city council such information as may be required by law to be furnished to the city council in connection with the formation of local improvement districts. (Ord. 64 § 2, 1962).

4.08.030 Bonds.

Local improvement bonds shall be in such denominations as may be provided in the ordinance authorizing their issue. The city may in such ordinance provide that the date, form and interest rate of such bonds and the denomination of the first numbered bond of such issue be subsequently fixed by resolution. (Ord. 64 § 3, 1962).

4.08.040 Levying assessments.

In levying local improvement assessments the city shall estimate the reasonable costs to be incurred in collecting such assessments and same shall be added to the assessment roll as a part of the cost of the improvement. (Ord. 64 § 4, 1962).

4.08.050 Delinquent installments.

Installments of assessments which shall become due in any local improvement district of the city shall be delinquent if not paid when due. All delinquent installments shall bear a penalty at a rate per year from the date of delinquency until paid, which rate shall be the greater of 12 percent or two percent higher than the interest rate on the assessments levied in such LID. If any assessment installment shall become delinquent, the entire assessment shall become due and payable and the collection thereof may be enforced by foreclosure in the manner provided by the laws of the state; provided, however, that payment of all delinquent installments together with interest, penalty and costs at any time before entry of judgment in foreclosure shall extend the time of payment on the remainder of the assessment installments as if there had been no delinquency or foreclosure. (Ord. B-6 § 1, 1982; Ord. 64 § 5, 1962).