BILL NO.2639-16ORDINANCE NO.2600-16

AN ORDINANCE FINDING THE SHADOW OAKS SUBDIVISION SECOND ADDITION NEIGHBORHOOD IMPROVEMENT DISTRICT PROJECT TO BE COMPLETED, ASSESSING THE COSTS OF SUCH PROJECT AGAINST THE PROPERTIES LIABLE THEREFOR, AND PROVIDING FOR THE COLLECTION OF SUCH SPECIAL ASSESSMENTS

WHEREAS, pursuant to proceedings duly had pursuant to Sections 67.453 to 67.475, inclusive, of the Revised Statutes of Missouri, as amended, named the Neighborhood Improvement District Act (the “Act”), the Board of Aldermen of the City of Camdenton, Missouri, has heretofore duly authorized and undertaken the construction of an improvement known as the Shadow Oaks Subdivision Second Addition Neighborhood Improvement District Project (the “Project”); and

WHEREAS, all work in connection with the Project has now been completed and final costs may now be determined and assessed against the property liable therefor.

NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF THE CITY OF CAMDENTON, MISSOURI, AS FOLLOWS:

Section 1. It is hereby found and determined that the Project has been completed in accordance with the plans and specifications therefor and that the final cost of the portion of the Project to be paid by special assessments, including all costs authorized by the Act, is $22,500, as more specifically described on Exhibit A hereto. Such portion of the final cost to be paid by special assessments does not exceed the estimated cost of the Project by more than 25%, as previously approved by the Board of Aldermen in the ordinance determining the advisability of the Project.

Section 2. For the purpose of paying the portion of the final cost of the Project to be paid by special assessments, there are hereby levied and assessed against the properties liable therefor the several amounts set forth on Exhibit B hereto following the description of each lot therein.

Section 3. The assessments set forth in the final assessment roll attached as Exhibit B shall be due and payable. The City Clerk shall give written notice by first class mail to each owner of record of property within the neighborhood improvement district established for the Project (a) of the amount of the assessments against such property for the Project, and (b) that said assessment may be paid in full within 30 days. Said written notice shall be in substantially the form attached hereto as Exhibit C. The City Clerk may add such other material to such written notice as may be helpful to the property owners.

Section 4. The City Clerk shall certify to the County Clerk, in the same manner and at the same time as other ad valorem taxes would be certified, for a period of ten (10) years, all of the assessments that have not been paid in full within 30 days. Such amounts so certified shall be placed on the tax rolls and levied and collected in the same manner as property taxes of the County would be levied and collected, the assessment and levy for each year being a portion of the principal amount of the assessments plus interest on the unpaid assessments.

Section 5. The special assessments made for the Project pursuant to the actions duly taken by the City, including this Ordinance, shall be a lien upon each of the properties assessed on behalf of the City to the same extent as a tax upon real property.

Section 6. This Ordinance shall be in full force and effect and be in full force from and after its passage by the Board of Aldermen.

Read the first time this 16day of August, 2016.

Read the second time and passed and approved this 16 day of August, 2016.

______

John D. McNabb, Mayor

ATTEST:

______

Renée Kingston, City Clerk, MRCC-C

EXHIBIT A

City of Camdenton, MISSOURI

Shadow Oaks Subdivision Second Addition

Neighborhood Improvement District Project

STATEMENT OF FINAL COSTS

Design, construction, inspection / $24,000
Less amount paid from Special Road District R Funds / (1,500)
TOTAL TO BE paid by special assessments / $22,500

EXHIBIT B

City of Camdenton, MISSOURI

Shadow Oaks Subdivision Second Addition

Neighborhood Improvement District Project

FINAL ASSESSMENT ROLL

Description of Property / Amount of Assessment
Lot 9 / $1,875
Lot 10 / 1,875
Lot 11 / 1,875
Lot 12 / 1,875
Lot 13 / 1,875
Lot 14 / 1,875
Lot 15 / 1,875
Lot 16 / 1,875
Lot 17 / 1,875
Lot 18 / 1,875
Lot 19 / 1,875
Lot 20 / 1,875

EXHIBIT C

(For Mailing to each Property Owner)

NOTICE OF ASSESSMENT

August 16, 2016

City of Camdenton, MISSOURI

Shadow Oaks Subdivision Second Addition

Neighborhood Improvement District Project

Description of PropertyAmount of Assessment

As owner of record of the property described above in the neighborhood improvement district established in City of Camdenton, Missouri, for the abovenamed Project, you are hereby notified that the portion of the final cost of the Project shown above has been assessed against your property.

You may pay this assessment to the City Clerk within thirty (30) days from the date hereof. If not paid within that period of time, the amount of the assessment will be collected in ten (10) annual installments in the same manner as taxes of the County are collected.

(SEAL)

Renée Kingston, City Clerk, MRCC-C

City of Camdenton, Missouri