HomeMy Public PortalAboutRES-CC-1977-09City of Moab, Utah
Resolution No. 9-77
Special Improvement District No. 4
WHEREAS, the Mayor and City Council of Moab, sitting as the Board
of Equalization and Review held a public hearing at 8:00 P.M., December 20,
1977, in the Council Chambers, Moab City Hall, 121 East Center Street to
consider final assessments on sidewalks, curb and gutter, driveway approaches,
grading and paving on Park Drive, and McGill Boulevard in Moab City; and
WHEREAS, the Mayor and City Council has reviewed all assessments
and has determined that each assessment has been equally assessed based on the
benefit derived, and work completed; and
!1HEREAS, adjustments have been made to specific property owners
within the District as a result of said public hearing; and
WHEREAS, each property owner has been notified of said public hearing
and has been notified of their final assessments.
NOW, THEREFORE, BE IT RESOLVED, that each property owner will have
fifteen days from this date in which to pay their assessment, or elect to
pay it over a ten year period with interest at six percent (6%).
After the fifteen day cash payment period, the difference between the
cash received and the total amount assessed will be financed through the
issuance of a Special Improvement District No. 4 Note, with the First Western
National Bank, Moab, Utah.
Principal and interest payments will be paid directly to the city
on an annual basis and note and interest payments will be paid to the bank by
the city.
Details of each assessment and summary of costs for the Improvement
District are made a part of this Resolution, attached as Exhibit A.
Passed this 20th day of December, 1977.
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Wm. Dean McDouga
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