Details for VILLAGE OF MT PLEASANT/LEGALS - Ad from 2019-09-06

1st Pub, Sep 6, t1 RESOLUTION NO. 50-2019 AUTHORIZING THE VILLAGE TO OFFER PUBLIC INFRASTRUCTURE CONNECTION CHARGE PAYMENT INSTALLMENT OPTIONS TO QUALIFYING PROPERTY OWNERS WHEREAS, the Municipal Code of Ordinances authorizes the Village to impose a connection charge in lieu of a special assessment, which triggers upon the property owner connecting to the public infrastructure; and WHEREAS, Section 70-52(f) allows property owners subject to a connection charge the option of paying such charge in installments, provided that connection to the public infrastructure is made within 12 months of this Resolution being mailed to said property owner; and WHEREAS, the owners of properties listed below are subject to the imposition of a connection charge in the amounts listed below; and WHEREAS, the properties listed below may utilize the following installment payment option contingent upon connection to the public infrastructure within 12 months of this Resolution being mailed to them: • If the connection charge is less than $400.00, the connection charge shall be paid in one (1) payment, due within ninety (90) days of connection. • If the connection charge is at least $400.01 to $1,500.00, the connection charge shall be paid in five (5) annual installments. • If the connection charge is greater than $1,500.01, the connection charge shall be paid in ten (10) annual installments. • The rate of interest on the outstanding balance shall be 1.5% greater than the Village’s rate of interest on the bonds that were issues to finance the public infrastructure project subject to the connection. In the event no bonds were issued, the rate of interest on the remaining balance shall be 1.5% greater than the average rate of interest on all similar bonds issued in the previous calendar year NOW, THEREFORE BE IT RESOLVED that the Village Board of the Village of Mount Pleasant hereby has determined to notify the following property owners of their respective connection charge payment installment options: LISTED IN EXHIBIT A Adopted by the Mount Pleasant Village Board this 26th day of August, 2019 (7-0). Stephanie Kohlhagen Village of Mount Pleasant WNAXLP

You may be interested in

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.