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HomeMy WebLinkAboutORD.3721.09-18-2006BILL NO. 06-192 ORDINANCE NO. AN ORDINANCE LEVYING A SPECIAL ASSESSMENT FOR THE CONSTRUCTION OF A LEFT TURN LANE ON MISSOURI STATE ROUTE K AT NOTRE DAME DRIVE, IN THE CITY OF CAPE GIRARDEAU, MISSOURI, AND AUTHORIZING THE ISSUANCE OF SPECIAL TAX BILLS THEREFOR BE IT ORDAINED BY THE COUNCIL OF THE CITY OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS: ARTICLE 1. That the work of improving Missouri State Route K at Notre Dame High School, and all other necessary appurtenances, as shown on the plans and specifications for said improvement, in the City of Cape Girardeau, Missouri, authorized by City Council Resolution No. 2039 entitled, "A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE A DEVELOPMENT AGREEMENT WITH THE ROMAN CATHOLIC DIOCESE OF SPRINGFIELD -CAPE GIRARDEAU FOR THE CONSTRUCTION OF A LEFT TURN LANE ON ROUTE K AT NOTRE DAME DRIVE" is hereby approved and accepted. ARTICLE 2. That pursuant to said Development Agreement, there be and there hereby is levied a special assessment against the lots and tracts of land fronting and abutting on that part of Missouri State Highway K, to pay the cost of the improvements to that part of Missouri State Highway K, the distance improved and assessed as follows: SPECIAL TAX BILL LEFT TURN LANE IN ROUTE K AT NOTRE DAME DRIVE SEPTEMBER 5, 2006 NAME AND PARCEL NUMBER DESCRIPTION SPECIAL TAX BILL AMOUNT 1. Roman Catholic Diocese of All of that part of Fractional $ 92,258.13 Springfield -Cape Girardeau Section 4, Township 30 North, Range 13 E of the Fifth Principal Address: Meridian in the County and City of Office of Development and Cape Girardeau, Missouri as Properties recorded in Book 879, Page 386 601 South Jefferson Avenue and Book 910, Page 230 and Book Springfield, Missouri 1107, Page 963, of the land records 65806-3143 of Cape Girardeau County, Missouri, containing approximately e Send to: 47.92 acres. Bro. David Migliorino OSF Notre Dame Regional High School 265 Notre Dame Drive Cape Girardeau, Missouri 63701 Parcel No. 202010005020000000 TOTAL $ 92,258.13 ARTICLE 3. These Special Tax Bills bear interest at a rate of four and nine hundred thirty one thousandths percent (4.9300), per annum, and shall become due and payable sixty (60) days after the date of issue thereof, unless a proper request for installment payments is filed with the City Clerk within that sixty (60) day period. Every Special Tax Bill shall be a lien against the lot or tract or parcel of land described in said Special Tax Bill for a period of twenty(20) years after date of issue, unless sooner paid, except in the case of Special Tax Bills payable in installments, the lien of which shall not expire until one (1) year after the date of maturity of the last annual installment, and except in any case where it becomes necessary to bring suit to enforce the lien of any Special Tax Bill, the lien of which shall continue until the expiration of the litigation. All Special Tax Bills payable in installments shall be due and payable in twenty (20) annual installments. One twentieth (1/20) of the amount assessed in these Special Tax Bills shall be payable in the first year after the date of issuance, plus interest at a rate of four and nine hundred thirty one thousandths percent (4.9300), payable annually, on the outstanding balance of the tax bill and one twentieth (1/20th) of the tax bill plus interest as specified above shall be payable on each successive anniversary thereof for nineteen (19) years thereafter. If any installment including principal and interest, is not paid when due, then all of the remaining installments shall, at the option of the holder of these tax bills, become immediately due and payable, provided that the owner of the property shall have the privilege of paying the whole of any tax bill in full at any time, or on any annual installment payment date or of paying in full one (1) or more of the remaining installments not of maturity date. In all actions to enforce any Special Tax Bill, the Court shall fix and allow a reasonable Attorney fee, not to exceed ten (10) percent of the amount of said tax bill, to the plaintiff's attorney for his services in the prosecution of said action, and shall tax the same as costs in the proceeding. ARTICLE 4. The Final Report of hereto, and all the information approved and incorporated herein by -2- the City Engineer is attached contained therein is hereby reference. ARTICLE 5. The City Clerk hereby is authorized to make out and issue tax bills against the lots and tracts of land herein described for the amounts assessed against them in evidence of such assessment and payable to the City of Cape Girardeau, Missouri. The said tax bills shall be signed by the City Clerk under the corporate seal of the City, and duly filed for record in the Office of the City Clerk. ARTICLE 6. This ordinance shall be in full force and effect ten days after its passage and approval. PASSED AND APPROVED THIS {�� DAY OF 200(f Gayle L. C, City Clerk ad 6>/--Knudtson, Mayor -3-