19-3112 Final Assessment Resolution for Sausalito Shores Subdivision Wall

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SECTION 5. APPROVAL OF ASSESSMENT ROLL. The Assessment Roll, which is on file with the City Clerk and incorporated herein by reference, is hereby approved. SECTION 6. CAPITAL IMPROVEMENT ASSESSMENTS. (A) The Tax Parcels described in the Assessment Roll are hereby found to be specially benefited by the design, construction and financing of the Sausalito Shores Subdivision Wall. The apportionment methodology for the Assessments, as set forth in Section 3.04 of the Initial Assessment Resolution, is hereby approved. Accordingly, an Assessment in the amount of $6,059.00 per Benefit Unit is hereby levied and imposed against each Tax Parcel described in the Assessment Roll. (B) Such Assessment shall be collected in annual installments over a period not to exceed twenty (20) years in accordance with section 3.05 if the Initial Assessment Resolution. (C) Each annual installment of the Assessment shall include principal and interest associated with the Obligations and a pro rata share of Collection Costs. At an assumed interest rate of 3.11 % per annum, the maximum annual installment is estimated to be $364.39 per Benefit Unit which includes Collection Costs. (D) The Assessment shall constitute a lien against Assessed Parcels 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 of this Final Assessment Resolution and shall attach to the property included on the Assessment Roll as of January 1, 2019, the lien date for ad valorem taxes. SECTION 7. COLLECTION OF ASSESSMENTS. The Assessments imposed hereunder shall be collected pursuant to the provisions of the Initial Assessment Resolution and Uniform Assessment Collection Act. Upon adoption hereof and of the Annual Assessment Resolution for subsequent Fiscal Years, the City Manager 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. The Assessment Roll as delivered to the Tax Collector may be accompanied by a Certificate of Non -Ad Valorem Assessment Roll in substantially the form attached hereto as Appendix C. Notwithstanding anything herein to the contrary, Assessments imposed against Governmental Property, if any, shall be direct billed in accordance with Section 5.03 of the Ordinance. SECTION 8. EFFECT OF FINAL ASSESSMENT RESOLUTION. The adoption of this Final Assessment 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 Assessments are computed and apportioned, the Assessment Roll, and the rate of Assessment) unless proper steps are initiated in a court of competent jurisdiction to secure relief within twenty (20) days from the date of the City Commission's adoption of this Resolution. SECTION 9. CONFLICTS. All Resolutions or parts of Resolutions in conflict with any of the provisions of this Final Assessment Resolution are hereby repealed. 3