Ordinance No. 80-84 CITY OF TIGARD, OREGON
ORDINANCE NO. 80--
AN ORDINANCE AMENDING ORDINANCES 80-67, 80-68 AND 80--69 BY LOWERING
INTEREST RATES ON LID ASSESSMENTS AND LOWERI:,G TOTAL ASSESSMENT IN �<
ORDINANCE 80--68.
The City of Tigard ordains as follows:
Section 1. The City Council finds that Ordinances 80-67 (Katheri.ne
Sanitary Sewer Local Improver.-..nt District) , 80-68 (Pembrook Street Sewer
Improvement District) , and 80-69 (121st Avenue Sanitary Sewer Local
Improvement District) fixed interest rates at 10 percent on the unpaid
balances of the assessments levied against properties within the
district. The Council now recognizes that in its prior resolutions,
ordinances and notices to property owners in each of these three local
improvement districts interest had been at 7 percent.
Section 2 Ordinances 80-67, 80-68 and 80-69 are hereby amended
by substitution of the figure "7 percent per annum" for the figure
"10 percent per annum. "
Section 3 . Ordinance 80-68 contained a scrivener's error in the
recitation of the total assessment for the district. The figure given
in Ordinance 80-68 was $27,199.20, and that figure should have been
$27,179.20.
Section 4. Ordinance 80-68 is amended by the substitution of ;
the figure $27,179.20 for the figure $27,199.20, to correct the error.
Section 5. An emergency is hereby declared to exist and thisz
ordinance shall therefore take effect immediately by its passage and
signature by the mayor.
PASSED: By unanimous vote of all Council members present, after
being read ' two times by number and title only this 13th k`
day of October, 1980.
City Recorder pro tem
n
SIGNED: By the Mayor this 13th day of Octoberf 1980,
t pyo p C -Tigard
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f ORDINANCE No. 80-84