Resolutions-2022-041

Tiffin /436989- L Levy)( 21/ A& NOTICE OF FILING OF FINAL ASSESSMENT SCHEDULE FOR THE 2017 ORIGINAL TOWN URBANIZATION PROJECT TIFFIN, IOWA TO WHOM IT MAY CONCERN: Take notice that the City Council of the City of Tiffin, Iowa, has adopted the final assessment schedule covering the 2017 Original Town Urbanization Project ( the " Project"),which was duly certified to the County Treasurer of Johnson County, Iowa, 60 of the Code of Iowa. on the 20th day of May, 2022, all in accordance with Section 384. The Project included pulverizing and grading of the existing asphalt street; storm sewer installation; construction of 5 -foot wide sidewalks, 36 -inch wide PCC curb and gutter, 5 -inch thick hot mix asphalt street and PCC driveway approaches; installation of street lights; and undertaking associated incidental improvements. The Project was constructed on and along the following segments of streets in the City of Tiffin, Johnson County, Iowa: 1) College Street from its intersection with West Third Street on the north to a point situated 180 feet north of its intersection with Railroad Street on the south; ( 2) Railroad Street from a point situated 60 feet east of its intersection with College Street on the west to, and including, its intersection with Main Street on the east; ( 3)Grant Street from its intersection with West Second Street on the north to, and including, its intersection with Railroad Street on the south; (4)Main Street from its intersection with West Second Street on the north to, and including, its intersection with Railroad Street on the south; and ( 5) Summerhays Street from its intersection with West Second Street on the north to the termination of Summerhays Street on the south. It is considered that the property abutting segments of street to be the above -described 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 00)which in the amount of more than Five Hundred Dollars ($ 500. are not paid in full within the aforementioned time period will be divided into ten ( 10) equal annual installments due on the first day of July, commencing July 1,2022. All unpaid special assessments will initially bear interest at the rate of 0%, computed from the date of acceptance of the work on the 2017 Original Town Urbanization Project to December 1, 2022. Thereafter, all assessments will bear annual interest at the rate of 2.99% per annum, computed from the December 1 immediately preceding the due dates of the respective installments to the December 1 next following the due dates of the respective installments. Each installment will be delinquent from the October 1 following its due date and will draw additionally the same delinquent interest and the same penalties as ordinary taxes. 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. 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 4- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA