8845-16ORDINANCE NO. 8845 -16
AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA,
AMENDING CHAPTER 27, CODE OF ORDINANCES,
PERTAINING TO SPECIAL ASSESSMENTS, AMENDING
SECTION 27.06 TO EXTEND THE INSTALLMENT PAYMENT
PERIOD FOR SPECIAL ASSESSMENTS FROM NOT MORE
THAN TEN YEARS TO NOT MORE THAN TWENTY YEARS;
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLEARWATER, FLORIDA:
Section 1. Section 27.06(2), Code of Ordinances, is amended to read as
follows:
Sec. 27.06. - Certificate of indebtedness.
(2) Installment payments. The certificate, subject to the interest provided in this
section, may be satisfied through weekly, monthly or annual installments with such
installment payment period to run not more than twenty years from the date of
issuance. Such certificate, together with interest, may be paid in full at any time and
the property owner shall not incur any penalty for prepayment.
Section 2. This ordinance shall take effect immediately upon adoption.
PASSED ON FIRST READING MAR - 3 2016
PASSED ON SECOND AND FINAL MAR 1 7 2016
READING AND ADOPTED
Approved as to form:
City Attorney
— c(e.tx tt ncftltt f
George N. Cretekos
Mayor
Attest:
Rosemarie Call
City Clerk
Ordinance No. 8845 -16