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HomeMy WebLinkAboutReso. 1989-227 - Adopting a sewer assessment deferal program • 110 410Ns, RESOLUTION NO. - 22 7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING APPROVING AND ADOPTING A SEWER ASSESSMENT DEFERRAL PROGRAM FOR THE CLOVER CREEK SEWER ASSESSMENT DISTRICT. WHEREAS , the City of Redding proposes to construct the Stillwater Wastewater Treatment Plant; and WHEREAS, in order to assist in this Plant construction, the City has formed the Clover Creek Sewer Assessment District; and WHEREAS, the City wishes to assist single-family residences, which meet certain standards , with assessment payments which are to be levied by virtue of the formation of the Clover Creek Sewer Assessment District; NOW, THEREFORE, IT IS HEREBY RESOLVED by the City Council of the City of Redding as follows : 1 . That the City Council of the City of Redding hereby approves and adopts the Assessment Payment Assistance Program for the Clover Creek Sewer Assessment District, set forth as follows: Parcels eligible for assistance shall meet all of the following standards and requirements : a. Developed with a single-family residence at the time of formation of the District; b. Size of parcel is 5 acres or less; and c. Request for assessment assistance to be made in writing by the property owner not less than 15 days prior to the close of the District' s cash payment period. Any assistance given shall bear interest at the same interest rate as is applied to the Clover Creek Sewer N J • • Assessment District Bonds. Repayment of the deferred amount plus interest shall be required and made at the time the assisted parcel or portion thereof requests connection to the sewer system. I HEREBY CERTIFY that the foregoing Resolution was introduced and read at a regular meeting of the City Council of the City of Redding on the 5th day of July , 1989 , and was duly adopted at said meeting by the following vote: AYES: COUNCIL MEMBERS: Buffum, Dahl , Ful ton, Johannessen, & Carter NOES : COUNCIL MEMBERS : None ABSENT: COUNCIL MEMBERS: None ABSTAIN: COUNCIL MEMBERS : None I � 4,44 SCOTT CARTER, Mayor City of Redding ATTEST: ETHEL A. NICHOLS , City Clerk OR0 PPROVED: RA0DALL A. HAYS , Ci y Attorney -2-