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Ordinance 86-2516 ORDINANCE NO. 86-2516 AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING SECTION 30 (v) OF THE MIAMI BEACH CITY CHARTER PROVIDING FOR VARIABLE ANNUAL SPECIAL ASSESSMENT PAYMENTS, INCREASING FROM TEN YEARS TO TWENTY YEARS THE MAXIMUM LENGTH OF TIME FOR PAYMENT OF AMOUNTS SPECIALLY ASSESSED, AND PROVIDING FOR AN INTEREST RATE ON ASSESSMENT/INSTALLMENT PAYMENTS AT 6% PER ANNUM OR AT THE PREVAILING RATE OF INTEREST AS SET FORTH IN FLORIDA STATUTES §687 . 01, WHICHEVER IS GREATER; PROVIDING FOR SEVERABILITY; REPEALING ALL ORDINANCES IN CONFLICT THEREWITH; AND PROVIDING FOR AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA: SECTION 1: That Section 30 (v) of the City Charter of the City of Miami Beach, Florida, is hereby amended to read as follows: Secs. 29 and 30. Local Improvements Generally. * * * (v) Thirty days after the confirmation of the assessments the amounts apportioned and assessed shall be due and payable at the office of the city clerk , except as to any property, including railroads, whose owners shall have filed a petition in the circuit court as hereinabove provided, which assessments shall be due and payable eleven days after the decision of the court thereupon, but not within said thirty days; but it shall be lawful for the city commission to provide by resolution that if the owner of any lot or parcel assessed in excess of twenty-five dollars shall file with the City Clerk before such date on which full payment is required his written undertaking waiving all irregularity and illegality in connection with the said assessment against such lot or parcel, he shall have the privilege of paying the same in equal variable annual payments (as determined by the City Commission) in each of the ten twenty succeeding years, or such shorter period as may be fixed by the city commission, at the time in said years at which the general city taxes are due and payable, with interest upon such deferred installments at the rate of ten pereent i+0%* six percent (6%) per annum; or at the prevailing rate of interest established in Florida Statutes §687 . 01, whichever is greater , payable annually from the date such assessment would be due if such undertaking were not filed and upon the filing of any such undertaking the assessments embraced by it shall be payable at the time or times so fixed and with such interest, but any assessment whose payment shall be so deferred may be paid at any time when accompanied by the payment of interest accrued thereon and that which will accrue to the next succeeding annual date for payment; provided , however , that nothing herein contained shall be -1- deemed to prevent the city commission from extending the time in which such undertaking as to any one or more lots or parcels of land shall be filed. SECTION 2: SEVERABILITY If any section, part of section, paragraph, clause, phrase, or word of this ordinance is declared invalid , the remaining provisions of this ordinance shall not be affected. SECTION 3: REPEALER All ordinances or parts of ordinances in conflict herewith be and the same are hereby repealed. SECTION 4: EFFECTIVE DATE This Ordinance shall take effect 10 days after its adoption, on September 27 , 1986 . PASSED AND ADOPTED this 17th day of September 1986 . ' 'OR ATTEST: ,-/&0.4L'; 7/ilt--)9A/1/ CITY CLERK JKO/rg (Requested by the Planning Department) 1st Reading - September 3, 1986 2nd Reading - September 17, 1986 FORM APPROVED LEGAL DEPT. /4( i. 1 Date , 1111 -2- l b .t~ r 1 E H •� v C N cci a 0 b0•r-4 cru 4- PO ro • cd H Cll H ani ▪ CU Ccd )4-1r l •rl cud •o cd a) a) $4 .0 0 b0 cd .0 .0 Cr'1 cd U +J E G +J +J +J bD (NI •rf. (-.' cd •r-I U] k •H cd U-a •rl 09 4 cd 0 — Q, • 4-I HI +J - 4J 3-+ 0 0 CU v H Z 0 4d N a E E N H W p bQ : U) p cd c) • oz1:4Zo • 1 . a. Cl) c .0 .a Z c� +J•� �I 0 C H a H 0 O O a) (1) 26 2 JJ 4a 0) O • U 0) Sa U) N ri I� N 4 N cd •r1 U) +.) 00 (f) (1) Cl) Cll 4J cd cd +J 44 �0 U) Cd Oro, bA S-ICd .�1 4a f d 0 Ori U) Cll U) •rl .0 r-1 a) r-I U) +J +J Cll •t) U Cd +J .s~ Cd CU 0 CU a, ▪ .4-1a. �°+ aa) a. ro 4-1 G ) U U) 44 r-I V] •ri R •ri C!)