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Seattle |
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Municipal Code |
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Title 20. PUBLIC WORKS, IMPROVEMENTS AND PURCHASING |
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SubTitle I. Public Improvements |
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Chapter 20.04. PUBLIC IMPROVEMENT DISTRICTS |
§ 20.04.140. Mode of "payment by bonds."
A.
Whenever the cost and expense of any improvement shall be payable by the mode of "payment by bonds," the Director of Finance and Administrative Services, upon receipt of the assessment roll as confirmed by ordinance, shall publish a notice in the official newspaper of the City once a week for two consecutive weeks that the roll is in his or her hands for collection and that all or any portion of the assessment may be paid within 30 days from the date of the first publication of the notice without penalty, interest or cost. Within 15 days of the first newspaper publication, the Director of Finance and Administrative Services shall notify each owner or reputed owner whose name appears on the assessment roll, at the address shown on the tax rolls of King County for each item of property described on the assessment roll, of the nature of the assessment, of the amount of his or her property subject to such assessment, of the total amount of the assessment due, and of the time during which such assessment may be paid without penalty, interest or costs. In the case of assessments or of any installment thereof the collection of which has been deferred pursuant to RCW 35.43.250 and RCW 35.54.100, as existing or hereafter amended, the notice shall also state that the assessment or any installment shall be paid within such period of deferral and that unless the assessments or installments, the collection of which have been deferred are paid within such period of deferral, such assessment or unpaid portion or installment thereof will become delinquent.
B.
Unless collection of an assessment has been deferred pursuant to RCW 35.43.250 and RCW 35.54.100 as now existing or hereafter amended, the first installment of principal and interest of any assessment payable under the mode of "payment by bonds" shall become due and payable during the 30 day period succeeding a date one year after the date of first publication of the notice by the Director of Finance and Administrative Services that the assessment roll is in his or her hands for collection, and annually thereafter each succeeding installment of principal or interest shall become due and payable in like manner. All installments must be paid in sequential order. Whenever an installment shall become due and payable, the Director of Finance and Administrative Services shall mail a notice thereof to the owner of the property assessed, when the post office address of such owner is known, but failure to mail the same shall not affect the validity of the assessment lien. Any such installment not paid prior to the expiration of the 30 day period during which such installment is due and payable shall thereupon become delinquent.
C.
Whenever the collection of an installment of an assessment has been deferred pursuant to RCW 35.43.250 and RCW 35.54.100 as existing or hereafter amended, the installment of principal or interest shall become due and payable upon expiration of the period of such deferral and each succeeding installment of principal or interest shall become due and payable in like manner. Any such installment not paid within 30 days after expiration of the period of such deferral shall thereupon become delinquent.
D.
All delinquent installments shall, until paid, be subject to an additional charge of 20-percent levied upon the principal and interest due on such installment or installments.