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Ord 1514C'0~~~CIL BILL NO. 281 ORDINANCE NO. 1514 AN ORDINANCE A~~FNDING ORDINANCE N0. 1305 BY TERMINATING FUTURE PAYMENTS FOR ASSESSI~~NT OF THE Cos TS SET OUT IN ORDINANCE No. 1345, PROVIDING FOR THE PAY~~ENT OF REF~TN'DS , AND DECLARING AN E~~ERGENCY . WHEREAS, Ordinance No. 1345 eras passed providing for the assessment of the costs of acquiring land for and establishment of, off--street motor vehicle parking facility; and ~iHEREAS, this project has been included in anotrxer off- street parking project, and credit has been given for payments made by the property owners involved and assessed pursuant to Ordinance No. 1345; now therefore, THE PEOPLE OF THE CITY OF wOObBURN DO ORDAIN: Section 1. That Section 3 of Ordinance No. 1305 of the City of ~~oodburn be, and the same is hereby amended to read as follows: "Section 3. The owner of any property assessed by this Ordinance may file with the City Recorder an appli~ cation to pay the whole assessment, ar the unpaid balance if apart has been paid, in installments pursuant to the provisions of the Bancroft Bonding Act (ORS 223.245 to 223.344. As provided by the terms of OP.S 223.265, the first payment shall be due and payable at the expiration of six months from the date of assessment in the bond lien docket, and subsequent payments at t~.e expiration of each semiannual period thereafter, however, the in- terest thereon shall run only from such due date until Page; 1 - COUNCIL BILL NO. 281 ORDINA~~CB N0. 1514 paid. On January 1, 1976, there shall be no further pay- ments made upon said assessments ~.n and for the reason that future liability far the balance of the costs of the improvement shall be included under a separate off- street parking ordinance. In the event the owner of any property assessed hereunder may have paid for the entire amount of the improvement assessed by this ordinance or may have made advance payments on installments pay- able at a date later than January 1, 1976, such payments due and payable after January 1, 1976, shall be reimbursed by the City of woadburn to the persons making such pay- ments out of the special assessment fund of the City." Section 2. This Ordinance being necessary for the im- mediate preservation of the public peace, health and safety, an emergency is declared to exist, and this Ordinance shall take effect immediately upon passage by the Council and approval by the Mayor. Passed by the Council 1 ~ APP ROVED : ~ ,~ , -~,.~ ~..t RALP E. PICKERING,' ayor Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST ~ .;~~ ~;: ~~.-~-a~ R EY O. RRIS, Recorder City of Woodburn, Oregon Maw 2 4~ 19 7 6 ._~_. May 2 4,„19 7 6 May 24, 1976 ____ _ May 24, 1976 Page 2 -- COUNCIL BILL N0. 2 81 ORDINANCE NO. 1514 I, BARNEY 0. BURRIS, Recorder of .the City of Woodburn, do hereby certify that I caused to be posted three copies of Ordinance No. 1514, one of which said copies posted in the City Hall on the bulletin board opposite the entrance to the Recorder's Office, in full view of the traveling public; a second one of said copies posted on the Woodburn Public Library bulletin board at 280 Garfield Street, in full view of the traveling public; a third one of said copies posted on the Paul Sowa.and Sons building at 182 Young Street, in full view of the traveling public; that all of said places are public places within the corporate limits of the City of Woodburn and that all of said copies were posted on the 28th day of May 1976. ,~-~ ,~~ Barney O.~Bur~is, Recorder City of Woodburn, Oregon