HomeMy WebLinkAbout29. 21-81JANUARY 26, 2021 FEBRUARY 9, 2021 21-48 21-81 ORDINANCE
FIRST READING SECOND READING
(CARRIED______ LOST_______ LAID OVER_______ WITHDRAWN_______)
PURPOSE: AMEND ORDINANCES SETTING INTEREST RATE FOR SPECIAL
ASSESSMENT PAYMENT
INITIATED BY: FINANCE DEPARTMENT
A GENERAL ORDINANCE OF THE CITY OF OSHKOSH AMENDING THE
INTEREST RATE TO BE APPLIED TO SPECIAL ASSESSMENT PAYMENT PLANS IN
SECTIONS 25-84(B), 25-84.6(B), 25-85(B), 25-85.6(B), 25-86, 25-89(B) AND 25-90 OF
THE CITY OF OSHKOSH MUNICIPAL CODE
The Common Council of the City of Oshkosh does ordain as follows:
SECTION 1. That the special assessment rate specified within the following listed
sections of Chapter 25 Article X. of the Oshkosh Municipal Code pertaining to Procedure
for Payment of Special Assessments shall be changed from six percent (6%) to four percent
(4%):
Section 25-84(B) PAYMENT IN FULL
Section 25-84.6(B) FIVE YEAR INSTALLMENT PLAN
Section 25-85(B) TEN YEAR INSTALLMENT PLAN
Section 25-85.6(B) FIFTEEN YEAR INSTALLMENT PLAN
Section 25-86 PRORATED INTEREST
Section25-89(B) PAYMENT OF HOOK-ON CHARGES
Section 25-90 SPECIAL ASSESSMENTS - DEFERRED PAYMENT
SECTION 2. This ordinance shall be in full force and effect from and after its
passage and publication for projects that are certified after January 1, 2021.
SECTION 3. Publication Notice. Please take notice that the City of Oshkosh
enacted ordinance #21-81 AMEND ORDINANCES SETTING INTEREST RATE FOR
SPECIAL ASSESSMENT PAYMENT, on February 9, 2021. The ordinance reduces the
interest rate charged on deferred special assessments from six (6) to four (4) percent
per year for projects that are certified after January 1, 2021.
JANUARY 26, 2021 FEBRUARY 9, 2021 21-48 21-81 ORDINANCE
FIRST READING SECOND READING CONT’D
The full text of the ordinance may be obtained at the Office of the City Clerk, 215 Church
Avenue and through the City's website at www.ci.oshkosh.wi.us. Clerk's phone: 920/236-
5011.