Parowan City Zoning Code

15.10 Improvement

Districts

15.10.010 Special Improvement Guaranty Fund

Creation Of Fund. There is hereby created a fund to be known as the Special Improvement Guaranty Fund for the purpose of guaranteeing the payment of Special Improvement Bonds and interest thereon against the Special Improvement Districts created in the City. So long as there are Special Improvement Bonds outstanding and unpaid, the City will levy each year a one mill ad valorem property tax with the proceeds from such tax to be placed in said fund. Such levy shall remain in effect until the amount of said fund equals forty percent of the amount of all outstanding Special Improvement Bonds of all Special Improvement Districts in the City, and shall be again placed in effect at any time said fund falls below said forty percent.
Payment From Fund. When any Special Improvement Bond drawn against the Bond and Interest Fund is presented to the City for payment and there is not sufficient amount in the Bond and Interest Fund to pay the same, payment thereof shall be made by warrant against the Special Improvement Guaranty Fund.
Transfer Of Excess Amounts. Whenever the amount in the Special Improvement Guaranty Fund shall exceed forty percent of the average amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding during the preceding three year period, the City Council may by resolution transfer to the General Fund all amounts in excess of that percentage, except that such transfer shall not be made if the amount in the Special Guaranty Fund is less than forty percent of the amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding at the time of the proposed transfer.

15.10.020 Special Improvement District No 1

Description Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Special Improvement District No. 1. The boundaries of that district shall be as follows: Beginning at a point 275 feet south and 200 feet west of the northeast corner of Block 10, Plat A, Combined Plat of Parowan City 1921, and running thence north approximately 3,974 feet to the south line of 4th North Street; thence east along the south line of 4th North Street, 500 feet; thence south approximately 3,974 feet to a point 275 feet south and 200 feet east of the northwest corner of Block 7, Plat A, Combined Plat of Parowan City 1921; thence west 500 feet to the point of beginning; but excluding the following property; All property on the west side of Main Street between Center Street and First South Street; also all property on the west side of Main Street between Center Street and Pioneer Avenue; also the north 100 feet of Block 10; also the south 132 feet of Block 8.
Benefit To Property In District. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter, irrigation turn-outs, covered driveways, driveway approaches, removal of existing worn out improvements, and for the work incidental thereto. The total cost of the improvements in said special improvement district is $21,932.12 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest responsible bidders therefor;
2. interests on interim warrants issued; and
3. overhead costs in an amount not to exceed 15% of the sum of a) and b).
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 21, 1973, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installments become due. All unpaid installments of an assessment may be paid prior to the dates on which they become due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of the collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sale or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment and all approved costs, and shall thereupon be restored to the right thereafter to pay installments in the same manner as if default had not occurred.

15.10.030 Special Improvement District No 2

Boundaries Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Curb and Gutter and Sidewalk District No. 2. The boundaries of that district shall be as follows: Beginning at a point 165 feet south of the northeast corner of Block 6, Plat A, Parowan City Survey, and running thence west 231 feet; north 165 feet; east 592 feet more or less to the center of Block 2, Plat B, Parowan City Survey; north 602 feet to the south line of Block 1, Plat B, Parowan City Survey; west 296 feet more or less to the center line of First East Street; north 437 feet; west 65 feet more or less to the point of beginning.
Benefit To Property Assessed. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter and sidewalk, drive-way approaches, covered driveways, and for work incidental thereto. The total cost of the improvements in said special improvement district is $5,135.15 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest bidder therefor;
2. any interest on interim warrants issued.
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 26, 1975, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installment becomes due. All unpaid installments of an assessment may be paid prior to the dates on which they became due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sales or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment, and all approved costs, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred.

Parowan City Zoning Code

15.10 Improvement

Districts

15.10.010 Special Improvement Guaranty Fund

Creation Of Fund. There is hereby created a fund to be known as the Special Improvement Guaranty Fund for the purpose of guaranteeing the payment of Special Improvement Bonds and interest thereon against the Special Improvement Districts created in the City. So long as there are Special Improvement Bonds outstanding and unpaid, the City will levy each year a one mill ad valorem property tax with the proceeds from such tax to be placed in said fund. Such levy shall remain in effect until the amount of said fund equals forty percent of the amount of all outstanding Special Improvement Bonds of all Special Improvement Districts in the City, and shall be again placed in effect at any time said fund falls below said forty percent.
Payment From Fund. When any Special Improvement Bond drawn against the Bond and Interest Fund is presented to the City for payment and there is not sufficient amount in the Bond and Interest Fund to pay the same, payment thereof shall be made by warrant against the Special Improvement Guaranty Fund.
Transfer Of Excess Amounts. Whenever the amount in the Special Improvement Guaranty Fund shall exceed forty percent of the average amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding during the preceding three year period, the City Council may by resolution transfer to the General Fund all amounts in excess of that percentage, except that such transfer shall not be made if the amount in the Special Guaranty Fund is less than forty percent of the amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding at the time of the proposed transfer.

15.10.020 Special Improvement District No 1

Description Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Special Improvement District No. 1. The boundaries of that district shall be as follows: Beginning at a point 275 feet south and 200 feet west of the northeast corner of Block 10, Plat A, Combined Plat of Parowan City 1921, and running thence north approximately 3,974 feet to the south line of 4th North Street; thence east along the south line of 4th North Street, 500 feet; thence south approximately 3,974 feet to a point 275 feet south and 200 feet east of the northwest corner of Block 7, Plat A, Combined Plat of Parowan City 1921; thence west 500 feet to the point of beginning; but excluding the following property; All property on the west side of Main Street between Center Street and First South Street; also all property on the west side of Main Street between Center Street and Pioneer Avenue; also the north 100 feet of Block 10; also the south 132 feet of Block 8.
Benefit To Property In District. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter, irrigation turn-outs, covered driveways, driveway approaches, removal of existing worn out improvements, and for the work incidental thereto. The total cost of the improvements in said special improvement district is $21,932.12 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest responsible bidders therefor;
2. interests on interim warrants issued; and
3. overhead costs in an amount not to exceed 15% of the sum of a) and b).
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 21, 1973, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installments become due. All unpaid installments of an assessment may be paid prior to the dates on which they become due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of the collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sale or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment and all approved costs, and shall thereupon be restored to the right thereafter to pay installments in the same manner as if default had not occurred.

15.10.030 Special Improvement District No 2

Boundaries Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Curb and Gutter and Sidewalk District No. 2. The boundaries of that district shall be as follows: Beginning at a point 165 feet south of the northeast corner of Block 6, Plat A, Parowan City Survey, and running thence west 231 feet; north 165 feet; east 592 feet more or less to the center of Block 2, Plat B, Parowan City Survey; north 602 feet to the south line of Block 1, Plat B, Parowan City Survey; west 296 feet more or less to the center line of First East Street; north 437 feet; west 65 feet more or less to the point of beginning.
Benefit To Property Assessed. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter and sidewalk, drive-way approaches, covered driveways, and for work incidental thereto. The total cost of the improvements in said special improvement district is $5,135.15 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest bidder therefor;
2. any interest on interim warrants issued.
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 26, 1975, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installment becomes due. All unpaid installments of an assessment may be paid prior to the dates on which they became due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sales or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment, and all approved costs, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred.

Parowan City Zoning Code

15.10 Improvement

Districts

15.10.010 Special Improvement Guaranty Fund

Creation Of Fund. There is hereby created a fund to be known as the Special Improvement Guaranty Fund for the purpose of guaranteeing the payment of Special Improvement Bonds and interest thereon against the Special Improvement Districts created in the City. So long as there are Special Improvement Bonds outstanding and unpaid, the City will levy each year a one mill ad valorem property tax with the proceeds from such tax to be placed in said fund. Such levy shall remain in effect until the amount of said fund equals forty percent of the amount of all outstanding Special Improvement Bonds of all Special Improvement Districts in the City, and shall be again placed in effect at any time said fund falls below said forty percent.
Payment From Fund. When any Special Improvement Bond drawn against the Bond and Interest Fund is presented to the City for payment and there is not sufficient amount in the Bond and Interest Fund to pay the same, payment thereof shall be made by warrant against the Special Improvement Guaranty Fund.
Transfer Of Excess Amounts. Whenever the amount in the Special Improvement Guaranty Fund shall exceed forty percent of the average amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding during the preceding three year period, the City Council may by resolution transfer to the General Fund all amounts in excess of that percentage, except that such transfer shall not be made if the amount in the Special Guaranty Fund is less than forty percent of the amount of all Special Improvement Bonds of all Special Improvement Districts in the City which are outstanding at the time of the proposed transfer.

15.10.020 Special Improvement District No 1

Description Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Special Improvement District No. 1. The boundaries of that district shall be as follows: Beginning at a point 275 feet south and 200 feet west of the northeast corner of Block 10, Plat A, Combined Plat of Parowan City 1921, and running thence north approximately 3,974 feet to the south line of 4th North Street; thence east along the south line of 4th North Street, 500 feet; thence south approximately 3,974 feet to a point 275 feet south and 200 feet east of the northwest corner of Block 7, Plat A, Combined Plat of Parowan City 1921; thence west 500 feet to the point of beginning; but excluding the following property; All property on the west side of Main Street between Center Street and First South Street; also all property on the west side of Main Street between Center Street and Pioneer Avenue; also the north 100 feet of Block 10; also the south 132 feet of Block 8.
Benefit To Property In District. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter, irrigation turn-outs, covered driveways, driveway approaches, removal of existing worn out improvements, and for the work incidental thereto. The total cost of the improvements in said special improvement district is $21,932.12 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest responsible bidders therefor;
2. interests on interim warrants issued; and
3. overhead costs in an amount not to exceed 15% of the sum of a) and b).
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 21, 1973, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installments become due. All unpaid installments of an assessment may be paid prior to the dates on which they become due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of the collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sale or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment and all approved costs, and shall thereupon be restored to the right thereafter to pay installments in the same manner as if default had not occurred.

15.10.030 Special Improvement District No 2

Boundaries Of District. There is hereby created as authorized by State Law a special improvement district to be known as Parowan Curb and Gutter and Sidewalk District No. 2. The boundaries of that district shall be as follows: Beginning at a point 165 feet south of the northeast corner of Block 6, Plat A, Parowan City Survey, and running thence west 231 feet; north 165 feet; east 592 feet more or less to the center of Block 2, Plat B, Parowan City Survey; north 602 feet to the south line of Block 1, Plat B, Parowan City Survey; west 296 feet more or less to the center line of First East Street; north 437 feet; west 65 feet more or less to the point of beginning.
Benefit To Property Assessed. The City Council hereby finds that the real property within the district is affected by and specially benefited by the improvements to the full amount of the assessment levied by this chapter.
Assessment. The real property included in the district is hereby assessed in the amounts described in the official assessment list which is on file in the office of the City Recorder. The assessments hereby levied are for the purpose of constructing curb and gutter and sidewalk, drive-way approaches, covered driveways, and for work incidental thereto. The total cost of the improvements in said special improvement district is $5,135.15 which does not exceed the sum of:
1. the total contract price for such improvements under contract duly let to the lowest bidder therefor;
2. any interest on interim warrants issued.
Payment Of Assessment. The whole or any part of the assessment may be paid without interest within fifteen days after the effective date of the ordinance of December 26, 1975, creating the district. Any part of the assessment not paid within that period shall be payable over a period not exceeding seven years from the effective date of said ordinance in substantially equal annual installments at the rate of 7 percent per annum interest on the unpaid amount. Interest shall be paid in addition to the amount of each such installment annually at the time the installment becomes due. All unpaid installments of an assessment may be paid prior to the dates on which they became due, but any such prepayment shall include such an additional amount as is equal to the interest which would accrue on bonds issued in anticipation of collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of funds to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance.

Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately and the whole amount of the unpaid principal shall thereafter draw interest at the rate of 10% per annum to date of payment, but at any time prior to the date of sales or foreclosure, the owner may pay the amount of all unpaid installments past due, with interest at the rate of 10% per annum to the date of payment, and all approved costs, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred.