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002 of 1983 - Equalized Assessment rolls and levying MICROFILMED Q 82-30 ORDINANCE NO. 2 OF 1983 AN ORDINANCE confirming the equalized assessment rolls and levying a tax providing for the assessment of property in Salt Lake City, Utah Curb & Gutter Extension No. 38-535 for the purpose of paying the costs of constructing improvements on certain streets within the Municipality consisting of street paving, constructing curbs , gutter, sidewalks , drainage structures , and driveways , removing trees and nonconforming improvements in the way of new improvements , and all other miscellaneous work, necessary to complete the improvements in a proper and workmanlike manner; reaffirming the establishment of a special improvement guaranty fund; and es- tablishing the effective date of this ordinance . BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH: Section 1 . The City Council of Salt Lake City , Utah, hereby confirms the assessment roll as modified, equalized and approved by the Board of Equalization and Review for Salt Lake City , Utah Curb & Gutter Extension No . 38-535 (the "District" ) , and hereby confirms the findings of the Board of Equalization and Review that the proposed list of assessments as equalized by the Board of Equalization and Review for the District is just and equitable ; that each piece of property within the District will be benefited in an amount not less than the assessment to be levied against said property ; and that no piece of property listed in the assessment list will bear more than its proportionate share of the cost of such improvements . Section 2 . The City Council of Salt Lake City, Utah does hereby levy a tax to be assessed upon the real property described in the assessment list for the District . The -3- assessments levied upon each block, lot , part of block or lot , tract or parcel of property therein described shall be in the amount set forth in the assessment list , which is hereby incorporated by reference and made a part of this ordinance . The assessments hereby levied are for the purpose of paying the cost of constructing improvements on certain streets within the District consisting of street paving, constructing curb , gutter, sidewalks , drainage structures , and driveways , removing trees and nonconforming improvements in the way of new improvements , and the completion of any other miscellaneous work necessary to complete the improvements in a proper and workmanlike manner. Said improvements are more particularly described in the assessment list for the District which list has been incorporated herein by reference and made a part of this ordinance . Said assessments are hereby levied and assessed upon each of the blocks , lots , parts of block and lots , tracts or parcels of real property described in the assessment list according to the extent that they are specially benefited by the improvements thereon. Said assessments are levied upon the land and lots in the District at equal and uniform rates . The total cost of the improvements in the District is $785 ,464 . 28 , of which total cost , the City' s portion is $327 ,258 . 25 . The balance to be assessed to the owners of -4- property affected or benefited by the improvements in the District is $458 ,206 .03 , which is the total amount of the assessment hereby levied for the District and which does not exceed in the aggregate the sum of: (a) the total contract price for the improvements under contract duly let to the lowest and best responsible bidders therefor; (b) the reasonable cost of utility services , maintenance, labor, materials , or equipment , if any; (c) the property price , if any ; (d) connection fees , if any ; (e) the interest on any interim warrants issued against the District ; and (f) overhead costs not to exceed fifteen percent (15%) of the sum of (a) , (b) , (c) and (d) . Section 3 . The assessment list made by the City Treasurer for the property in the District as corrected, approved, equalized and completed by the Board of Equalization and Review, is hereby confirmed and the assessments made and returned in said completed list and the report , recommendation and decision of the' Board of Equalization and Review to the City Council of Salt Lake City , Utah, are hereby ratified, approved and confirmed. Section 4 . This tax is levied and assessed at equal and uniform rates on such property. Section 5 . The whole or any part of the assessments for the District may be paid without interest within fifteen (15) days after this ordinance becomes effective. Any part of the assessment not paid within such fifteen (15) day period shall be payable over a period not to exceed ten (10) -5- i years from the effective date of this Ordinance in ten (10) substantially equal annual installments with interest on the unpaid balance of the assessment at the rate of the net effective rate of the assessment bonds to be issued. Interest from the effective date of this Ordinance shall be paid in addition to the amount of each such installment annually at the time each installment becomes due . After said fifteen (15 ) day period, all unpaid installments of an assessment levied against any piece of property (but only in their entirety) may be paid prior to the dates on which they become due , but any such prepayment must include an additional amount equal to the interest which would accrue on the assessment to the next succeeding date on which interest is payable on any special assessment bonds issued in anticipation of the collection of the assessments plus such additional amount as , in the opinion of the City Treasurer, is necessary to assure the availability of money to pay interest on the special assessment bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance . Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately , and the whole amount of the unpaid principal shall thereafter draw interest at the rate of eighteen percent (18%) per annum until paid, but at any time prior to -6- V ® the date of sale or foreclosure the owner may pay the amount of all unpaid installments past due, with interest at the rate of 18% per annum to date of payment on the delinquent installments , and all approved costs , and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred. Section 6 . The City Council of Salt Lake City, Utah does hereby reaffirm the creation of a special improvement guaranty fund and shall at the time of each annual appropri- ation ordinance , so long as any special assessment bonds of Salt Lake City remain outstanding, transfer to said fund each year such amount as a tax levy of one mill will pro- duce , either through a levy of a tax of not to exceed one mill in any one year or by the issuance of general obligation bonds or by appropriation from other available sources , for the purpose of guaranteeing to the extent of such fund the payment of special assessment bonds and interest thereon issued against local improvement districts for the payment of local improvements therein, all in the manner and to the extent provided by the laws of the State of Utah. Section 7 . The officials of Salt Lake City, Utah, are hereby authorized and directed to take all action necessary and appropriate to effectuate the provisions of this ordinance . Section 8 . All ordinances or parts thereof in conflict with this ordinance are hereby repealed. -7- Section 9 . An emergency is hereby declared, the preservation of peace, health and safety of Salt Lake City and the inhabitants thereof so requiring. Immediately after its adoption, this ordinance shall be signed by the Chairperson and City Recorder and shall be recorded in the ordinance book kept for that purpose. Said ordinance shall be published once in the Deseret News , a newspaper published and having general circulation in Salt Lake City , Utah, and shall take effect immediately upon its passage and approval and publication as required by law. Section 10 . The City Recorder is hereby authorized and directed to file a copy of the assessment ordinance and final assessment list within five (5) days from the date hereof in the Salt Lake County Recorder' s office . If the assessment ordinance incorporates the assessment list by reference , the City Recorder is further directed to file a copy of the final assessment list with the Salt Lake County Recorder. Section 11 . The City Treasurer is hereby authorized and directed to give notice of assessment by mail to the property owners in the District . Said notice shall , among other things , state the amount of the assessment , the terms of payment and shall be substantially in the form of the Notice attached to these proceedings . -8- (PLEASE RETURN THIS NOTICE WITH PAYMENTS) • Extension No. Account No. SPECIAL TAX NOTICE OFFICE OF CITY TREASURER AND SPECIAL TAX COLLECTOR ROOM 201 , CITY AND COUNTY BUILDING SALT LAKE CITY, UTAH 19 Your special tax on the hereinafter described property, for the purpose of construc- ting is $ THIS TAX IS LEVIED BY ORDIIIANCE OF THE SALT LAKE CITY COUNCIL, AIM AFFECTS THE FOLLa4D7G REAL PROPERTY STAIMII)G ON THE RECORDS OF SALT LAKE COUNTY IN YOUR IIAI IE. PER AHOMTr OF L r BLOCK FLAT OR SUBDIVISION FRONT FEET FRONT FOOT TAX This tax became effective It is payable in annual principal installments of $ each. The first installment is due PLUS $ ESTIMATED INTEREST. The entire tax may be paid at any time within fifteen (15) days after the effective date without interest. Any payment made after the 15-day period will draw a full year's interest. Unpaid principal draws interest at a rate equal to the net effective interest rate of the Bonds to be issued by the City to finance the improvements constructed with- in the District. Since the Bonds cannot be sold until after the cash payment period, the actual interest rate is not yet known. Notice of the anoint and rate of interest will be mailed prior to the due date of the first installment. For purpose of calcula- ting the approximate amomt of interest which will be due at the time of payment of the first installment, an estimated rate of % was used. Depending an market conditions at the time of issuance of the Bonds, the actual rate may be more or less than the esti- mated rate._ IF PAYMEITT OF ANY INSTALuoTr IS NOT MADE w OR BEFORE THE DUE DATE EACH YEAR, THE CITY MAY (1) DECLARE THE UIIPAID AMOUNT TO BE DELIMUEITT, D4IEDI=Y DUE, AND SUBJECT TO COL- I=ON; AND (2) PROVIDE FOR SALE OF THE PROPERTY ASSESSED. Interest shall accrue and be paid on all amounts declared to be delinquent at the rate of PERCFZTT, until the next bond interest payment date. Costs of collec- tion may als—ol—e-Eharged on amounts nts payable. Persons in default on installment payments may be restored to the right to pay in installments, under the provisions of Section 10-16-22(2) , Utah Code Amotated, 1953, as amended. IF YOU ILO IAIIGER aill THIS PROPERTY OR IF THE MIER NO LOIIGER LIVES AT THE ABOVE ADDRESS, THIS OFFICE SHOULD BE ADVISED IEtIEUTATELY. THIS TAX BECOMES A LIEN ON THE PROPERTY AIID BUST BE PAID TO TRANSFER A CLEAR TITLE. PLEASE MAIT ALL CHECKS PAYABLE TO THE SALT IAY.E CITY TREASURER. CHERYL D. COOK City Treasurer r PASSED AND APPROVED by the City Council of Salt Lake City, Utah, this 4th day of January, 1983 . Chairp rso ATTEST. ,I,� i � v rCvy Recorder ( S E A L ) BILL 2 of 1983 PUBLISHED: January 10, 1983 -9- l,L)CI 35A Affidavit of Publication lit STATE OF UTAH, ss. County of Salt Lake d ORDINANCE NO.2 OF""'AN ORDINANCE C.1filmlao the rocaliled as....meet ... ........Debra Miller m 1, ad levying,tax providing for the assessment.1 ............ amuerty in Salt I-Ina,City,Utah Curb I Gothe,Ext- 'i"I No M-SM for Me curpoes,of Pa ing the costs of...st ruling fimpro...­"on certain streets within it,, Manicluinit, mlsistan.of shm" avica"s Buffer,sidewalk,dr-,imain structures,and drive Being first duly sworn,deposes and says that he is legal ,"'l"TmesnandAnnion nonconforming improvements in the varry OF new improvements, all other aniscall,- advertising clerk of the DESERET NEWS, a daily alcus laark,11tacrusal v to Complete the improvements In Promer I-INO14"'WIrknedellka nomne,;le.0imaintO the I (except Sunday) newspaper printed in the English go of 7=Aven"o—not urdirranty fund; eN6 establish i.the off. a da"of this O."c" lam guage with general circulation in BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKF Utah, and CITY,$ACT i-AKE 101bTY,UTAH: Sodi.d 1.Th.City C-ncl'OF Salt OFe ity, an .'I" published in Salt Lake City, Salt Lake County, in the confirm$the assessment'ed as mdi1q1rd1,Le.u,=Utah, 1 uved 11 the 6111d 11 Eldld�,IIINI 13,81 Ralreel la I Lake Cill,ulon State of Utah. Curb&Car.,Extension _SirS(the'Ostrid"),and herain, ,.Ofi,, the firstlings Board of.EPP.Infin,old RIll— "a'hT,,r slid list ,0 site rict is last and That the legal notice of which a copy is attached hereto Equali,,Nam and Review for th:oDtiAs retail In,the Bill,d If III*each Piece of Property within the District will Me benefited i, a',amount net less then the earelone,ent to be levied against said 9'ropol and that On piece If PrIperty listed in the—ussane,I I, thead mone than It,proportionate share of the cost of—1,ima....m"'The Citv Council Of Section 2x to be a upon the 1-Blere City,Utah del,her, ............................................................................. ................... by levy I fir, assessed u. the real proPerty described in the assessment list for the District.The I'ledualents levied OP, each block,lot,airt at black or lot, et tract or therein described hall W an In.Om;.Pnl I fth parcel Of p,.,Irl, ....... ..................................................... .................. r in the ='a ,,ort reference and Part rill,It which is hil IncomPrated or rate this ordinance. The assessment,he,,hy levied are for the paraose Of Paying the cost of constructing Improvements on certain streets within ..0,rd.in.q.nce.No..,2..of 1983 he District consisting of treat or,lrg,con,firectial;curb,ac"Or, ....................... ................. lddravalls,drainage structures,and drivewa­OamovIim�r ,,ad'Oac OF rmirO improvements in the way I new trees'e_ ,ents,and the work necessary com=latin If an,other,miscellaneous work- 'to anoolde,man—,Said the In—o,ements in a Punixer and "T'"'Oooleaft 1,0 more Parlic,dorly been in the ass—ann,,t list for the Divillict vmich list has been incomerOted harPle by aloarce and made a Part of this aral- alace, .................................................... laid ..11,110,are tendril e,had and­ssad upon ach P, he Inecklr,jet,uar,s If black and lots,fi­,ct,or parcels at ­1 nan, rty de c,ibed in Me assessment list e'cI'd 0 to I tr a P�o ,.t t they are­iany benefited b,the an avanne, was published in said newspaper on........................................ the,a,,Said assessments are levied unen the land and let,in In, District at equal and amix,mates, The total cost of the nap—enareM,In tire.District is 1785, 464 balance to'vM'icah,stotal dclo�sl�lthe �Ciet's of' pe,-ti is SX?7,7lSS,25,The .......... ........ ...................................................................................... Property alfeCted or baretlg fined Fair in im provements in the District 11 SIS3,206.3,which is the tribe"1"'11 MO 1111,laanarnitu.�rab levied fier the Diefind and hill due,not exceed is the anate the sum I (,)the total contract Price for the improvement,on 'OnNac On ............... de, t duly ". .. Z)../�...(..( to the lowest ad best Iftnonsible bidders therefor;W the tea Legal Advertising Clerk se,ebl,cost of utilltv services,maintenance,One,materiel,,or en uiPm,mN if any;(,)the rammert,pric,if any;(I)connection I... if any; (a)the interest I,any interim warraah,isliled ,, st the District; ,it F)overhead cast,del to exceed fiffiano percent r,ant(15%)of of the sum of a),(b),(c)and W. Section 3,The P—r—and list mad,bV the Ciy Treasurer the , equalized for Or Party in the District.,cOn-rch",approved, and fore me this ..................... 27th co onal-la ill Inc Board If Eou.taaroo and Review,1,he reby ... .... ............... ...........day of ,let firmed and the=rnrados made returned in said con, Plet'd ;"and the rt, ac r . , dPtiOO and decision If tire City ,BoaUtahare rd I E IMhere 1,Otuan and RevieIPPrew to,,tFeit and Cid,conder c­nacill J ...A.D.19 of Salt Coke Secti,ii 4.This tax is levied "lfd and ease—d at equal and uni form rates on suchproulert,. Sinitic,5 The whole,or any part or the--on,als for the Ullor ct oaV be Paid without interest within fifteen(151 days M- ter t* ordinance l"a"becomes -1,effective.An,Part I the­xsmad net Paid with such fifteen(I bid in 15)day Period lihell be Payable I'll th Period act to exceed far,(10)Year,from the effective to of elil,hOrdinadca in ten(10)substantially equal annual stallme0s ........ Interes I on tire unpaid bOl,NO at the assessment at the rate ............................................................. of the net"f"b"ve rat of the assessment bonds onds to be issued. ro eff time the ,active date If in! Ordinance shl be Paid in Not Public me Of each lau 'a inot ch Installment annually al the time eac installment becomes d said h `:n A"ernim'Fiffeen(I day Period,air arinand lol,tallmort,of as. , allied against ,any Piece of PromriY(but Only in their entirety)noll he Paid prior to the dales on which the,became due,but On,such Pre - payment must include an additional amount equill to t interest i! which would accrul on the assessment to Me next so,"no date on which ntar."Is Pol,Ible a. 'a, I bonds rao.cl in Idafidie.fi I,of the cone ton "POCIPA ess .a If the assessments or,,such=,I amount aer,in the opinion If the City Tree- surer, yto assure the interesi'an the aveil Will of money to Pay bonds Is interest becomes due g,dsdany premiums which may become PaV.bIaManr,,dor,­1bl, erfi, ­­at 1. wn which may be called in order to Mile, P at n I"c' ;5y1'd2dPth' in,,paid a advance, 1-11a­11 on IIBOOJ in,the Clvdmer d Default in the Payment of any stall of principal or I,,0,0, n ad, use I s all 0,—PrOW in the Iminanc,book cola I.,t,lst....News} . I`In, due 1 1, In whole Of the unued Princ-I and S Deseret interest I aid Ordinance be PmIs h ad circle in the b d,,P, C I—I amolne Of unpaid alod,p newspa,nor Published and having go P:vdb,immediately,and the whole In' ncl shall thereafter draw interest at It,,Utah,land shall take atfact immediately 1.0 it,passage the rate Of eighteen ad a .a"rcN,,81.)per until paid, and PaProva and publication as required by I w. any time prior to in ine Of sale or fioneclosider 0 in b 1.1 a d owner may Section 10.The City Recorder is hereby authorized and pay the amount of all unpaid Installments past due,with interest ad to file a copy of the assessment radin,an,and fine assess- 1 the rareof 18%Per mmam to date of payment on the delis melt list within file(5)1 an in,data qu installments, enet at Intent,and all approved costs,and shall thereupon Lake County Recorder's affj��',l,file buordinance cof I'I the Sail be no, the a _,ed I., inmr "Nani=Nathe right Mari to in installments In the aerates the Isdatsament list by reference,the City IR cce 1 1 daNdf.Fred net occurred. I Ord Section 6.The City Council of Salt Call,Cit,Utah does her, Sall"Cak"'Clu Lake �,tnty OR fill.e"-Pl at it,,final assessment list with the by reaffirm the creation of a suacial im,­Oineat Sall ,1 Section ll.Theold and Prenupratent ordinance, loded 11 City Tr`uli I her.,mahuriled and di shall at the time of each annual a Of Salt_,on City a, %io,notice of assessment I, Ran.a,in,'.transfer...iI birseslameei bands Old ill-re,;xI Said O.fioe arki own no,landOld fund each a.,such amount as a to. all file ,all of one mil,.,, 1, 1 larecalt If i 011e— OF,Me terms If Pllodilrt and shall be Ile ce.either through a levy of a tax of not an the Notice lnl1h1cI In the,,Procun, if 'l ,a axceadl one milli an,one Ile I general in oblatithelbrands aPpr,,irri:t%r'fr`om intri able F PASSED AND APnR ED P the Ca,CO-11 I Sort L,,I,, as or by vOu"_ Do y far purpose at'u"'allaids I,the Went of such tend the cif Won,he S 4th day If J,Ir I ely,1983. PI­nI 11 special assessment bonds and interest thenear,Issued Grant WN, _,as,local em pro,mant district,far the darror,at If local improvements them!"'Or in Me manner and to the extent Or ATTEST: Chairperson ad or the laws of the11,1a of Utah. K.Mr,n eholl SectionSection 1.The officiPla of Sall Lake City,Utah,are to h—by City Reculder' ll authorized and directed to take In action necessary and IP PrIO r, P u i Jan.to,1983 ,In to effectuate the I,aviki.al.1 lllis ordinance- CI__ Settlers 8.All c ordiren es or pa-thereof in conflict 41,IN, a r,herebyreseal,,,