Chapter 12.14
CONTRIBUTIONS AND ADVANCES
Sections:
12.14.020 Purchase of assessment, warrant and bonds.
12.14.030 Payment of assessment, warrant and bonds.
12.14.070 Purchase and sale of delinquent property.
12.14.010 CONTRIBUTIONS.
Contributions or partial payments from the United States or the state or any agency of either, or from the county, may be accepted and the same or any available city moneys applied to any part of the costs of a project at any time during or after the proceedings and applied in reduction of the amount assessed or to be assessed therefor.
(Prior code § 1601.43).
12.14.020 PURCHASE OF ASSESSMENT, WARRANT AND BONDS.
In any proceeding had hereunder, the city may declare in the resolution of intention that it intends to purchase the assessment, warrant or bonds to be issued therein.
(Prior code § 1601.44).
12.14.030 PAYMENT OF ASSESSMENT WARRANT AND BONDS.
The city shall, upon the issuance of the assessment, warrant or bonds, as the case may be, pay to the contractor, who shall have been awarded the contract to do the work in such proceeding, in case of public improvements, or into court, in case of acquisition proceedings, the principal amount thereof.
(Prior code § 1601.45).
12.14.040 PAYMENT – BONDS.
Such bonds, when issued, shall be made payable to bearer.
(Prior code § 1601.46).
12.14.050 PAYMENT – CITY.
In such case, the city shall succeed to all rights under such assessment, warrant and bonds.
(Prior code § 1601.47).
12.14.060 PAYMENT – PURCHASE.
The city shall have like power at any time to acquire and own any bonds or assessments or contract issued or levied or made hereunder, or now issued and outstanding, for any improvement and/or acquisition of the city.
(Prior code § 1601.48).
12.14.070 PURCHASE AND SALE OF DELINQUENT PROPERTY.
The city may bid and purchase any real or personal property offered for sale for the nonpayment of any improvement assessment levied and assessed under any of the provisions of this chapter, or of any installment thereof, or penalties or costs or interest thereon, or any suit brought to foreclose such assessment.
(Prior code § 1601.49).
12.14.080 RESALE.
Whenever any property shall have been acquired by the city at any such sale, then such property, or any lien thereon or interest thereto created by such assessment, may be released, assigned, sold or otherwise disposed of by city as it shall determine; provided, however, that no such release, assignment, sale or other disposition of any such lien or interest, or of any such property, shall be made unless there shall be first paid to city a sum of money equal to, and not less than the amount paid therefor by city, together with all accrued penalties, costs, interest and necessary expenses incurred; provided, further, that if any lien or interest, or property, cannot, as determined by the city council, be sold for the amounts or charges computed as herein provided then the city council may, by four-fifths vote of all its members, sell any such lien or interest or property for the best price obtainable according to its judgment.
(Prior code § 1601.50).