I-2 - Resolution 2023-054 - Adopting Final Assessment Schedule - Original Town Urbanization - Phase 2

NOTICE OF FILING OF FINAL ASSESSMENT SCHEDULE FOR THE ORIGINAL TOWN URBANIZATION PROJECT: PHASE TWO TIFFIN, IOWA TO WHOM IT MAY CONCERN: Take notice that the City Council of the City of Tiffin, Iowa (the “City”), has adopted the final assessment schedule covering the Original Town Urbanization Project: Phase Two (the “Project”), which was duly certified to the County Treasurer of Johnson County, Iowa, on the _____ day of ____________________, 2023, all in accordance with Section 384.60 of the Code of Iowa. The Project, all of which is assessable, consisted of the installation of storm sewer, storm sewer intakes, Full Depth Reclamation, 6-inch Hot Mix Asphalt (HMA) pavement, 36-inch curb & gutter, sidewalks, 6-inch Portland Cement Concrete (PCC) driveway, street lighting; traffic control and other associated appurtenances and miscellaneous work items. The Project was constructed on and along the following segments of street in the City: • Second Street, from a point just east of its intersection with College Street on the west, to and including its intersection with East Brown Street on the east; • Grant Street, from and including its intersection with Second Street on the south, to a point just south of its intersection with Third Street on the north; • Main Street, from and including its intersection with Second Street on the south, to a point just south of its intersection with Third Street on the north; and • Summerhays Street, from and including its intersection with Second Street on the south, to a point just south of its intersection with Third Street on the north. The Project also included watermain replacement, which was constructed on and along the following segments of street: • Second Street, from College Street to Main Street; and • Main Street, from Second Street to U.S. Highway 6/Marengo Road. It is considered that the properties abutting the above-described segments of street to be improved will be specially benefitted by this improvement and should be specially assessed. Any assessment may be paid in full or in part without interest within 30 days after the date of the first publication of this notice, such payments to be made at the office of the City Clerk. Assessments in the amount of Five Hundred Dollars ($500.00) or less which are not paid in full within that time period shall be due on July 1, 2024. Assessments in the amount of more than Five Hundred Dollars ($500.00) which are not paid in full within that time period will be divided into ten (10) equal annual installments due on the first day of July, commencing July 1, 2024. All unpaid special assessments will draw annual interest at _____% computed initially from the date of acceptance of the work on the Original Town Urbanization Project: Phase Two to December 1, 2024, and thereafter computed from the December 1 immediately preceding the