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Res 58-76 Void RESOLUTION NO. 58-76 A RESOLUTION OF THE CITY COUNCIL OF THE C~Y OF D~LF~Y BEACH .AMENDING RESOLUTION NOS. 15-72, 27-72, 29-72, 34-72, AND ORDINANCE NO. 22-76 REFERRING TO THE DRAINAGE PROJECT FOR THE SOUTISFEST AREA OF THE CITY (PROJECT NO. 5964-9a), BY LOWERING THE ASSESS- MENT FROM TWO CENTS PER SQUARE FOOT TO ONE CENT PER SQUARE FOOT, ELIMINATING TIIE INTEREST ON UNPAID INSTALLMENTS EXCEPT IN THE EVENT OF DEFAULT, IN~ WHICH CASE INTEREST SHALL BE SEVEN PER CENT PER ANNUM, PERF~ITTING FOUR ANNUAL INSTALLMENTS INSTEAD OF THREE, AND PROVIDING A TWO PER CENT 'EARLY PAY- MENT DISCOUNT FOR ANYONE WHO PAYS THE ASSESSMENT IN FULL ON OR BEFORE THE DUE DATE FOR THE FIRST ANNUAL INSTALLmeNT. NOW, TIIEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That Resolution Nos. 15-72, 27-72, 29-72, 34-72 and Ordinance No. 22-76 of the City Council of the City of Delray Beach are here. by amended, as follows: a. The assessment previously levied in the amount of two (2¢) cents per square foot of propertY assessed~ is hereby lowered to one (1¢) cent per square foot. b. The number of equal annual installments by which this assessment may be paid shall be increased . to four. The first annual installment shall be payable on the day of. , 19 . The remaining annual installments Shall be paid on%the same date each year except in the event that the day of payment is a Saturday, Sunday or legal holiday in which event the annual installment shall be due and payable the next regular business day. c. No interest shall be payable on any unpaid annual installment unless the installment has not been paid on its due date. In the event that an install- ment has not been paid on its due date, that installment shall thereafter bear interest at the rate of seven (.7%) per cent per annum, simple interest, until paid. d. There is hereby established a two (2%) per cent early payment discount for any assessment as to a specific piece of property that is paid in full (less the 2%) on or before the due date for the first annual installment. e. Anyone who has already paid the special assessment on or. before the date that the above-referred to amendments have become effecti~e~shall'be entitled to a refund, in accordance with the terms and conditions, as amended, set forth. f. Approximately days prior to'the due date of each annual installment the City Administration will mail to the address of each property assessed a notice which shall specify the due date of the annual installment, the amount due, the reason why the property owner is being rcquested to make pay- ment, and the place of payment. g. To the extent possible from City records, the Finance Department shall identify those who have paid the assessment and make the appropriate re- fund. As'to those assessments for which a refund is due, and for which it is not possible from City records to identify who paid the assessment~ it shall be necessary to apply to the Finance Department for refund and present proper proof of payment. If in the judgement of the Finance Director or his designee the proof submitted adequately establishes that the person, firm or corporation~seeking a refund is in fact the person o or entity (or his, its assignee) that paid the assessment, then the Finance Director shall make the appropriate refund. Section 2. That. in all other respects Resolution Nos. 15-72, 27-72, 29-72, 34-72 and Ordinance No. 22-76 shall remain in full'force and effect. PASSED AND ADOPTED in regular session on this the day of , 1976. MAYOR ATTEST: City Clerk - 2 - Res. No, 58-76