Lindsay Municipal Code § 3.20 Curb And Gutter Revolving Fund

1. There is created, set up and established a curb and gutter revolving fund of a sum not to exceed the sum of five thousand dollars, for financing and paying for the installation of curbs and gutters in the city.
2. The treasurer and auditor are authorized and directed from time to time as such funds may be needed to transfer from the general fund into the curb and gutter revolving fund sums not to exceed five thousand dollars.

(Prior code § 18-15)

The curb and gutter revolving fund shall be used, employed and expended for the sole and only purpose of and in providing property owners with necessary and required funds for building, erecting, constructing and completing curbs and gutters in, on and along the public streets and highways in the city adjacent to real property of such of the owners thereof as may elect to cause curbs and gutters to be built, erected, constructed and completed, and payment therefor shall be made from the curb and gutter revolving fund.

(Prior code § 18-16)

All driveways for the passage of traffic from a public street over and across sidewalks, and all curbs, gutters and sidewalks hereafter laid down, built or constructed in the city shall be built, laid down and constructed in accordance with the provisions of this chapter and the development standards and not otherwise. The development standards may be amended, changed or repealed by resolution of the city council.

(Ord. 375, 1982: prior code § 18-17)

1. Owners of real property electing to avail themselves of financing the installation of curbs and gutters built, erected, installed and completed, and payment therefor made from the curb and gutter revolving fund shall make written application therefor to the city manager, and if the application is acceptable to the city, the owners of real property shall enter into a written contract with the city for financing and payment therefor from the curb and gutter revolving fund.
2. Such owners shall in the written agreement bind, contract and obligate themselves to reimburse and repay to the city all funds and money withdrawn or disbursed from the curb and gutter revolving fund amortized in monthly payments with the entire amount thereof to be fully refunded and repaid to the city within a period of time not exceeding two years from the date of the agreement and on such conditions as may be set forth in the written agreement. All unpaid balances remaining unpaid to the city pursuant to the provisions of the ordinance codified herein shall bear interest at the rate of seven percent per year. The owners of the real property and the applicant in the agreement shall agree that any installment payments, with accruing interest, as specified and set up in the agreement, remaining unpaid for ten days from the due date thereof, may be assessed as taxes against the real property of the owner or applicant thus benefited, and the amount of money unpaid shall constitute a special assessment against the parcel of real property thus benefited, and shall be a tax lien on the property for the amount thereof with the accruing interest, and shall continue to be a lien thereon until the full amount thereof and all accruing interest is paid and discharged in full.

(Ord. 255a § 5, 1969; prior code § 18-18)

The city manager shall on or before the first Monday in March of each year cause to be filed with the tax assessor of the city a description of the property, together with the name of the owner or reputed owner thereof, against which special assessment shall be made pursuant to this chapter, and the installment then due, and unpaid with accruing interest, together with all other sums of money due and unpaid under the agreement, may be assessed as taxes against the owner or reputed owner of the real property, and the amount of money so assessed shall bear the same penalties and interest as taxes regularly assessed on default of payment thereof.

(Prior code § 18-19)

All money received and paid under the written agreement referred to in Section 3.20.040 or assessed and collected as taxes, shall be restored to the curb and gutter revolving fund on receipt thereof for such use and employment therein.

(Prior code § 18-20)