Agenda - Council - 01/10/2012 - Laserfiche WebLink

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(2) A City finding that the property owner's financial condition warrants the extraordinary public benefit provided by this Septic System Repair Policy. This funding will be based upon a reasonable investigation of the property owner's financial condition including but not limited to a review of his/her mortgage payment and property tax payment history and a personal credit report. (3) The property owner's signed Petition and Waiver Agreement, by which agreement the property owner requests that the septic system improvement be made, that its cost be specially assessed against the property owner's property and that the property owner waives any special assessment procedure irregularities including that no public hearing will be held regarding the improvement project. The Petition and Waiver Agreement will also include a provision that the property owner shall continue to investigate alternative funding options in an effort to pay off the special assessment prior to its term expiration. In the event the property owner secures alternative funding and reimburses the City for all costs incurred for repairing/replacing the failed septic system within two (2) years from the date the City levies the special assessment, the property owner will receive a ten percent (10%) refund of the twenty five percent (25%) administrative and overhead fee included in the special assessment. ,- Formatted: List Paragraph, Indent: First line: 0.5"