5473 - Laserfiche WebLink

Home Browse Search

Section. 2. There. is hereby levied and. assessed against each lot or parcel of land abutting Trenton Avenue from Harrison Avenue to Lamb Avenue hereinbefore mentioned, in the name or names of the owner or owners thereof, a special assessment of ELEVEN. and N01100 DOLLARS ($11.00) per linear foot fronting on the improvement, all according to the apportionment made by the Director of Public Works and set . forth in detail in the attached cost apportionment of Section 1 of this ordinance. Section 3 . The Director of Finance is hereby directed to prepare and issue certified tax bills for that portion of the work which is said to be paid for by special tax bills, under the seal of the City in favor of said R & E Asphalt Service, Inc., contractor, against each lot or parcel of land abutting Trenton Avenue between the limits hereinbefore mentioned, in the name or names of the owner or owners thereof, each of the said tax bills shall be numbered, shall give the name or names of the owner or owners, number of the lot or description of the parcel of land, and the name of the subdivision in which the lot or parcel of land is located, rate of assessment per linear foot and the amount of special taxes assessed against each lot or parcel of land; said certified special tax bills when issued, shall be signed by the Director of Finance and attested by the City Clerk. Section 4. When said special tax bills are properly executed and registered in the office of the Director of Finance, they shall be delivered by the Director of Finance to said R & E Asphalt Service, Inc., contractor, in full payment for that part of the work which is to be paid for by special tax bills, for all materials furnished, work done and improvements made by the said R & E Asphalt Service, Inc., contractor, under their said contract. Every such certified tax bill, whether the same be made payable installments or not, shall bear interest at the rate of Eight (8) per centum per annum on the unpaid balance from thirty _(30) days after the date of issue until paid, and shall be a special lien against the property described therein from the date of issuance until paid. As to bills payable in annual installments, the first installment shall mature and become due and payable thirty (30) days after date of issue, with interest thereon at the rate of Eight (8) per centum per annum from maturity until paid and the remaining installments, at consecu- tive one (1) year intervals thereafter, not to exceed ten (10) installments 6