(A) Within 30 days after the Council adopts a resolution fixing the amount to be assessed against private property, the Mayor shall file with the Clerk an assessment schedule showing:
(1) A description of the lot to be assessed;
(2) The valuation of each lot as fixed by the Council; and
(3) The amount to be assessed against each lot, which shall include the assessment for the default fund, if any.
(B) Within ten days after filing of the assessment schedule, the Council shall meet, consider and adopt or amend and adopt, by resolution, the final assessment schedule. The resolution shall:
(1) Confirm and levy assessments;
(2) State the number of annual assessments, not exceeding 15, into which assessments of $50 or more are divided;
(3) Provide for interest on all unpaid installments at not more than 7% per annum;
(4) State the time when assessments are payable; and
(5) Direct the Clerk to certify the final schedule to the Auditor of the county or counties in which the assessed property is located, and to publish notice thereof once each week for two consecutive weeks in a newspaper published at least once weekly and having a general circulation in the city, the first publication of which shall be not more than 15 days from the filing of the final schedule. On or before the second publication of the notice, the Clerk shall send by certified mail to each property owner whose property is subject to assessment for the improvement, as shown by the records in the office of the County Auditor, a copy of the notice. If a property is shown by the records to be in the name of more than one owner at the same mailing address, a single notice may be mailed to all owners at that address.
(C) The assessment resolution may be made substantially the following wording:
An assessment of $ is hereby confirmed and levied against lot(s) in blocks of the city for the construction (or repair) of a permanent sidewalk. This assessment shall be in paid in (not exceeding 15) annual installments of $ each, with interest on all unpaid installments at (not exceeding 7% per annum. The first installment is due and payable on January 1 next succeeding the levy, and all succeeding installments are respectively due on January 1 annually. |
(D) The City Clerk shall publish notice of the certification to the County Auditor of this final schedule of assessment.
(Prior Code, Art. 10, Ch. 1, § 14) (Ord. passed 4-2-1985)