A curb, gutter, and sidewalk revolving fund in the sum of twenty five thousand dollars ($25,000.00) for financing and paying for the installation of curbs, gutters, and sidewalks in the city is hereby established, and the finance department is directed to transfer from the streets fund into the curb, gutter, and sidewalk revolving fund the sum of twenty five thousand dollars ($25,000.00). The curb, gutter and sidewalk revolving fund shall thereafter be maintained, if at all, as determined necessary by resolution of the city council.
(A) Purpose: The curb, gutter, and sidewalk revolving fund shall be used and expended only to provide monies to construct or repair curbs, gutters, and sidewalks in public street rights of way in the city adjacent to the real property of such of the owners thereof as may elect to cause curbs, gutters, and sidewalks to be repaired, built, erected, constructed, and completed and payment thereof to be made from the curb, gutter, and sidewalk revolving fund in accordance with the provisions of this section.
(B) Construction Standards: All curbs, gutters, and sidewalks installed as provided in this chapter shall be constructed in conformity with the standard plans and specifications of the city and to the satisfaction of the city engineer.
(C) Advances; Applications And Agreements: Any owner of real property desiring to finance the construction of curbs, gutters, and sidewalks from the curb, gutter, and sidewalk revolving fund shall make a written application and pay an application processing fee in an amount as set and/or amended by resolution of the city council to the public works department. The maximum amount that may be requested is two thousand five hundred dollars ($2,500.00). If such application is accepted and approved, the city and the owner shall enter into a written agreement, including a promissory note, recorded on the property for the payment for such construction from said fund. Said owner shall by such agreement obligate himself to repay to the city all sums paid from said fund for such construction. The entire amount thereof to be fully repaid to the city within a period of not exceeding five (5) years from the date of such agreement, and on such terms and under such conditions as may be set forth in such written agreement. The entire balance due under such agreement shall constitute a special assessment against the parcel of real property thus benefited, and shall be a lien on the property for the amount thereof including a prorated share of the administration cost not to exceed one hundred dollars ($100.00) per year, and shall continue to be a lien thereon until the full amount thereof is paid and discharged in full.
Alternatively, as owner of real property desiring to construct curbs, gutters and sidewalks may apply for and receive a grant in the maximum amount of two hundred fifty dollars ($250.00) which shall be used as payment of all or part of the cost of such construction. No property owner may apply for or receive both the maximum two thousand five hundred dollar ($2,500.00) advance and the maximum two hundred fifty dollar ($250.00) grant referred to herein.
(D) Advances; Assessments As Taxes: The finance department, on or before the first Monday in March of each year, shall cause to be filed with the county assessor a description of the property, together with the name of the owner or reputed owner thereof, against which such special assessment shall be made, and the installments then due and unpaid, with administrative fees, together with all other sums of money due and unpaid under such agreement, may be assessed as taxes against the real property, and the amount of money so assessed shall bear the same penalties and interest as taxes regularly assessed on default of payment thereof.
(E) Deposits: All money received by the city under such written agreements or assessed or collected by the city shall be deposited in the curb, gutter, and sidewalk revolving fund. (Ord. 2014-1, 2-18-2014)