HomeMy WebLinkAboutCouncil Resolutions 1460 RESOLUTION NO. 1%0
A RESOLUTION OF THE CITY OF CENTRAL POINT, OREGON
DECLARING AN ASSESSMENT DUE AND PAYABLE AND DIRECTING
COLLECTION PURSUANT TO ORS SECTION 223.270,
PROCEDURE FOR COLLECTION ON DEFAULT
3336 Snowy Butte Lane
RECITALS:
A. On February 27, 2007 the City Council adopted Resolution Number
1129 which established the Snowy Butte Lane LID and imposed
assessments on 53 properties. .
B. Many of the property owners agreed to pay their assessments
through installment agreements paid over forty (40) quarterly
installments beginning July 1, 2007.
C. The terms of the installment payments were the same for all
properties within the Snowy Butte Lane LID.
D. A number of the assessments against properties within the Snowy
Butte LID were paid in full throughout this term. The property
known as Map No. 372W10DA, Tax Lot 6400, commonly referred
to as 3336 Snowy Butte Lane, previously owned by Peggy Freitas
was assessed Six Thousand, Seven Hundred Seventy-Nine Dollars
and thirty-six cents ($6,779.36). The quarterly installment payment
is Three Hundred Three Dollars and thirty-two cents ($303.32).
The property owner made installment payments from 2006 through
2011, at which time such payments were discontinued. This
property was recently foreclosed upon and the new owners is listed
as: Wells Fargo Bank, N.A. as Trustee for WAMU Mortgage Pass
Through Certificates Series 2006-PR3 Trust.
E. The outstanding principal, interest and penalties as of April 26,
2016 are as follows:
Outstanding Principal: $ 3,744.33
Outstanding Interest: $ 452.80
Outstanding Penalty: $ 936.76
Total Due 4/26/16: $ 5,133.89
F. The city has sent invoices on a regular basis.
G. On April 14, 2016, the City Council directed that a Resolution be
brought back to the City Council declaring the principal, interest and
penalties due and payable under the procedures set forth by law.
H. ORS Section 223.270 outlines the procedure for collection on
default under the Bancroft Bonding Act.
I. Pursuant to ORS 223.270(1) if the owner neglects or refuses to pay
installments as they become due and payable for a period of one
(1) year, then the governing body may pass a Resolution declaring
the whole sum, both principal and interest, due and payable at
once.
The City of Central Point resolves as follows:
Section 1. The City Council hereby imposes provisions of ORS Section 223.270
and declares the whole sum, both principal and interest, due and payable at once
for Assessment Number 322.
Section 2. The City further directs collection in the same manner in which street
and sewer assessments are collected pursuant to the terms of the City Charter.
Section 3. The City Council directs that the property owner and Wells Fargo
Bank/JP Morgan Bank shall be notified that the principal, interest and penalties
interest are due and payable at once and shall further provide said owner six (6)
months from the date of this Resolution to pay in full. In the event that said
amounts are not paid in full, the City Council directs staff to proceed with
collections without further notice to the property owner.
Passed by the Council and signed by me in authentication of its passage
this aL, day of Mn.. ♦ , 2016.
K Aim
Mayor Hank Williams
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