HomeMy WebLinkAboutResolution 93-145-CCBOARD OF COUNTY COMMISSIONERS
GRANT COUNTY, WASHINGTON
In the matter of amending Resolution
No. 93 -130 -CC; prescribing the time by
which assessments within Road Improvement
District No. 92-1 must be paid; fixing the rate RESOLUTION NO. 93 -14s -CC
of interest payable on the unpaid assessments;
and providing for other matters properly
relating thereto
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
GRANT COUNTY, WASHINGTON, as follows:
WHEREAS, Grant County; Washington (the "County"), is a third-class county duly
organized and existing under the Constitution and laws of the State of Washington;
WHEREAS, the Board of County Commissioners (the "Board"), by Resolution
No. 93 -130 -CC, adopted on November 9, 1993, confirmed the final assessment roll for
Road Improvement District No. 92-1 of the County ("RID No. 92-1"), provided that
assessments may be paid in whole or in annual installments, fixed the rate of interest on
such installments, and provided for the number of years in which such installments could
be paid;
WHEREAS, at the public hearing on the inial assessment roll, the Board discussed
the advisability of allowing installments to be paid over a period of ten years;
WHEREAS, Resolution No. 93 -130 -CC provides that the final assessments against
property within RID No. 92-1 could be paid in annual installments for a period up to 15
years;
WHEREAS, the Board desires to amend Resolution No. 93 -130 -CC to clarify that
the final assessments against property within RID No. 92-1 must be paid in equal annual
installments for it period of ten years;
WHEREAS, Resolution No. 93 -130 -CC fixed the rate of interest to be paid on
unpaid assessments at one-half of one percent (0.57c) greater than the average interest rate
on the bonds issued for RID No. 92-1; and
WHEREAS, the Board desires to amend Resolution No. 93 -130 -CC to reduce the
rate of interest payable on unpaid assessments;
NOW MERL"FORE, IT IS HEREBY FOUND, DETERMINED AND
ORDERED, as follows:
Section Y: Section 4 of Resolution No. 93 -130 -CC is hereby amended to
provide as follows:
"Section 4: The assessments may be paid in cash within thirty (30) days from the
date of first publication by the County Treasurer of notice that the final assessment role is
in his hands for collection, without penalty, interest, or cost, or if not then may, at the
option of the property owner(s), be paid in ten equal (("-t;r-#i€tc )) annual installments
with interest thereon at the rate of six percent (6%) per annum, except that if the average
interest rate, without regard to bond discount, of the bonds issued for Grant County Road
Improvement District No. 92-1 is other than six. percent (6%) per annum, the interest rate
shall be one- ((MW) of one percent (0 (((9:3*))) greater than the average
interest rate of those bonds. The first installment of assessments on the final assessment
roll for Grant County Road Improvement District No. 92-1 shall become due and payable _
during the first thirty (30) day period succeeding a date one (1) year after the date of first
publication by the County Treasurer of notice that the final assessment role is in his hands
for collection, and annually thereafter, each succeeding installment shall become due and
payable in like manner. If the whole or any portion of the assessments remain unpaid after
the first thirty (30) day period, interest upon the whole unpaid sum shall be charged at the
rate as determined above, and each year thereafter one of the installments, together with
interest due upon the whole unpaid balance, shall be collected. Any installment not paid
prior to the expiration of that thirty (30) day period, during which such installment is due
and payable, shall thereupon become delinquent. Each delinquent installment of principal
and interest shall be subject to a charge for interest at the rate as determined above from
the date of delinquency until paid, and for an additional penalty charge of twelve percent
(12%) per annum levied upon that delinquent installment of principal and interest. The
collection of such delinquent installments shall be enforced in the manner provided by
law."
Section 3: This Resolution shall be in effect from and after the date of its
passage.
ADOPTED by the Board of County Commissioners of Grant County at a regular
meeting of the Board held on November 30, 1993.
ATTEST:
Peggy WWI Clerk of
Board of County Commissioners
(SEAL)
BOARD OF COUNTY COMMISSIONERS
GRANT COUNTY, WASHINGTON
i 1[D S nead '/'dommissioAr
LeRoy AIHs n, Commissioner
I