I-4 - Resolution 2021-033 - Adopting Final Assessment Schedule for Orginal Town Phase One

Section 8. Succeeding installments shall become due and payable in like manner on the first day of July in each of the years 2022 to 2030, inclusive. Section 9. All assessments in the amount of Five Hundred Dollars ($500.00) or less shall become due and payable in full on the first day of July, 2021. Section 10. All unpaid installments of any assessment may be paid in full on any date, in which case interest shall be computed on the outstanding balance to the first day of December following the date of such payment; and additional annual installments may be paid after the current installment has been paid before December 1 without interest. Any property owner may elect to pay one half or all of the next annual installment of principal and interest of the special assessment prior to the delinquency date of the installment. Section 11. The City Clerk is hereby authorized and directed to certify and file the final assessment schedule, herein referred to, with the County Treasurer of Johnson County. The City Clerk shall thereupon give notice of such certification and filing by publication once each week for two successive weeks in a legal newspaper printed wholly in the English language, published at least once weekly and of general circulation in Tiffin, Iowa, the first publication to be not more than fifteen (15) days after the date of filing of the said schedule with said County Treasurer. The City Clerk shall also mail said notice, by ordinary mail, to each property owner whose property is subject to assessment for said improvement, such notice to be mailed on or before the second publication of the notice. Section 12. Such notice shall be in the form substantially as follows: