05-1608 Final Related Service Assessment Resolution - Summerset Wall

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SECTION 7. RELATED SERVICE ASSESSMENT. (A) The Tax Parcels described in the Related Service Assessment Roll are hereby found to be specially benefited by operation and maintenance of the Summerset North Subdivision Wall in the amount of the Related Service Assessment set forth in the Related Service Assessment Roll. The methodology for computing annual Related Service Assessments described in the Initial Assessment Resolution is hereby approved. Annual Related Service Assessments computed in the manner described in the Initial Assessment Resolution are hereby levied and imposed on all Tax Parcels described in the Related Service Assessment Roll. Tax Parcels located in the Summerset North Assessment Area shall have an annual Related Service Assessment rate of $30.50 per Benefit Unit for the life of the wall, commencing with the tax bill mailed in November of 2005. This rate may vary with the adoption of subsequent Annual Assessment Resolutions based on the annual Related Service costs incurred and the balance of the 25% reserve account. (B) Upon adoption of the Annual Assessment Resolution for each Fiscal Year, the Assessment shall constitute a lien against assessed property equal in rank and dignity with the liens of all state, county, district or municipal taxes and other non -ad valorem assessments. Except as otherwise provided by law, such lien shall be superior in dignity to all other liens, titles and claims, until paid. The lien shall be deemed perfected upon adoption by the City Commission of the Annual Assessment Resolution and shall attach to the property included on the Assessment Rolls as of the prior January 1, the lien date for ad valorem taxes. SECTION 8. COLLECTION OF ASSESSMENT. The Assessment shall be collected pursuant to the Uniform Assessment Collection Act. Upon adoption of the Annual Assessment Resolution for each Fiscal Year, the City Clerk shall cause the certification and delivery of the Assessment Roll to the Tax Collector by September 15, in the manner prescribed by the Uniform Assessment Collection Act. SECTION 9. EFFECT OF FINAL RESOLUTION. The adoption of the Final Resolution shall be the final adjudication of the issues presented herein and in the Initial Assessment Resolution (including, but not limited to, the method by which the Assessment will be computed, the Assessment Roll, the maximum annual Related Service Assessment and the levy and lien of the Assessment) unless proper steps are Resolution 05 -1608 Page 3 of 7