ORDINANCE NO. __8259_______
AN ORDINANCE OF THE CITY OF
WHEREAS, the City of Lawrence, pursuant
to City Resolution No. 5328, authorized the formation of the East Hills
Business Park Improvement District for the making of certain improvements within
said District to recover the cost of the City’s expenditures; and
WHEREAS, pursuant to City Ordinance No.
6010, the City levied and assessed special assessments on certain lots, pieces
and parcels of land for the purpose of paying the costs of improvements in the
City more fully described in Ordinance No. 6010, deferring said special assessments
for a period of 20 years pursuant to the terms and conditions of City Ordinance
Nos. 6009 and 6010; and
WHEREAS, pursuant to City Ordinance No.
8258, the City is authorized to defer the collection of Assessments levied
against lots and pieces of land within the East Hills Business Park Improvement
District owned by the Board of County Commissioners of Douglas County for an
additional period of five (5) years, for a total deferral period of twenty-five
(25) years;
NOW, THEREFORE BE IT ORDAINED BY THE GOVERNING BODY OF THE
CITY OF
Section
1. As authorized by Ordinance No
8258, the deferral period for the collection of Assessments levied by Ordinance
No. 6010 against lots and pieces of land within the East Hills Business Park
Improvement District owned by the Board of county Commissioners of Douglas
County is extended an additional five (5) years or through May 2014, for an
entire deferral period of twenty-five (25) years, or until such time as such
property is sold or conveyed to a party other than the current owners of the
property. If the property is sold or conveyed to a party
other than the current owner who agrees to construct a speculative building for
resale on the property, and such party presents proof satisfactory to the City
of such party’s ability to construct such building, the deferral period shall
continue until such time as such party sells or leases the property to the
subsequent purchaser of lessee, provided that the entire deferral period shall
not exceed twenty-five (25) years. The deferred portion of the assessments
shall become due and payable as provided in Ordinance No. 8258 and upon a
determination that the deferred assessments have become due the City clerk
shall notify the county clerk of the amount of such assessment and that it is
to be collected in the manner provided by law.
Section
2. All remaining requirements of
City Ordinance No. 6010, other than the length of the deferral period as
modified in Section 2 of this Ordinance, remain in full force and effect.
Section 3.
This Ordinance shall take effect from and after its passage and
publication in the official City newspaper, as provided by law.
PASSED by
the Governing Body of the City of Lawrence, Kansas on this day of April, 2008.
APPROVED:
Michael
Dever, Mayor
ATTEST:
Frank S. Reeb, City Clerk