ORDINANCE NO. 080465

Amending Ordinance No. 960153 passed February 26, 1996, which authorized a contract with Haines-Stowers Construction Company, Inc., to construct a sanitary sewer in the vicinity of Missouri Highway 152 and I-35, and the Director of Public Works to expend money for the project, and also authorizing the assessment of costs against the benefiting properties in Sewer Districts Nos. 25007 through 25021, by repealing and reenacting Section 12 thereof and changing the number of annual installments.

WHEREAS, repealing Section 12 will correct a clerical error; NOW, THEREFORE,

BE IT ORDAINED BY THE COUNCIL OF KANSAS CITY:

Section 1. That Ordinance No. 0960153 passed February 26, 1996, which authorized the assessment against the benefited properties in Sewer District Nos. 25007 through 25021, is hereby amended by repealing Section 12 thereof, and enacting in lieu a new section of like subject reducing the number of annual installments:

Section 12. That special assessments for the cost of the sewer improvement are hereby authorized to be made and levied upon the lands within Sewer District Nos. 25007 through 25021 according to the area rule and according to the provisions of the Code of Ordinances relating thereof. Special tax bills evidencing the amount of such assessments shall be issued to Kansas City and shall be credited to the Sewer Special Assessment Fund and, when collected, the proceeds thereof shall be returned to and become a part of the said Fund. The said tax bills shall be made payable in fifteen annual installments at such times and with such effect as is provided in the Code of Ordinances. The said special assessments shall bear interest at a rate per annum equal to the rate of ten year United States treasury notes as established at the last auction before the assessment is certified to the Director of Finance. If delinquent, said special assessments shall bear interest at a rate per annum two percent higher than the interest rate on assessments which are not delinquent.

Section 2. That all sections of Ordinance No. 960153 not repealed and reenacted above shall remain effective.

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Approved as to form and legality:

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Charlotte Ferns

Assistant City Attorney