1980-22 Revising the K.I.B. Municipal Code Item 3.20.0901
9
AN ORDINANCE OF THE KODIAK ISLAND BOROUGH ASSEMBLY REVISING
THE KODIAK ISLAND BOROUGH MUNICIPAL CODE ITEM 3.20.090.
BE IT ORDAINED that the wording of the Kodiak Island Borough
Municipal Code Section 3.20.090 reading:
A. "3.20.090 Rates of penalty and interest. A penalty not to
exceed ten percent shall be added to all delinquent taxes on real
and personal property and interest at the rate of eight percent per
ye ar
!the
paid
i
shall accrue on all unpaid
due date until paid in full. If
when due, the entire tax becomes
eight percent
A.
a penalty of ei
is paid when !ue,
balance of
interest
ATTEST: /
Borough Clerk
not
KODIAK ISLAND BOROUGH
ORDINANCE NUMBER 80 -22 -0
and interest accrue. If
due, but the second half is no
tax is
(Prior
paid when due, the balance of the
delinquent and a pena y of ten percent and interest accrue.
code Ch. 3 subch. 1
Be changed to rea•:
"3.20.090 Rates f •enalt and interest. A penalty
exceed ten
and personal
year shall
the due date
the due date will
payment is
percent shall be added to all delinquent taxes on real
property .d interest at the rate of eight percent per
accrue on - 1 unpaid taxes, not including penalty, from
until pa d in full. Postmark dates up to and including
accepted without penalty. If the first half
be
) 11
when due, the entire
percent and interest
ut the second half is
becomes delinquent and
If the first half
paid when due, the
the is delinquent and a penalty of
accruj / (Prior code Ch. 3 subch. 1 ®8).
By
First Reading, Approval Date: May 1, 1980
taxes, not including penalty, from
the first half payment is not
delinquent and a penalty of
the first half is paid when
tax
accrue.
not
KODIAK ISLAND BOROUGH
Borough Mayor
Second Reading, Public Hearing, Approval Date:
Effective Date:
ten
percent
not to
and
it
1 1 1 1 ! n ?' 9
li ATTEST:
II ,
oroug
KCDIAK ISLAND BOROUGH
ORDINANCE NO. 30 -22 -0
AN ORDINANCE OF THE KODAK ISLAND BOROUGH AsoEMBLY RE4ISING
THE KODIAK ISLAND BOROUGH MUNICIPAL COLE ITEM 3.20.090.
Tne Koa_ak Islanc Lorougn Assembly oraaLns:
Section 1. Kodiak Isianc borough Code 3.20.090 is repeuieu
and re- enacted as follows:
3.20.090 Late Payments - Penalty and Interest
If the first payment is not paid wren cue, the entire tax
becomes delinquent, and subject to a penalty of eight percent
(8 %) of the entire tax; and interest shall accrue on the unpaiu
principal balance, excluding the penalty, at the rate of eia. ^.t
percent (8 %) per year. If the first p is paid wren due,
but the second payment i not paid whet due, the unpaid balance
of the tax becomes delinquent, and subject to a penalty of ter.
percent (1041) of the unpaid balance; and interest snail accrue
on the unpaid principal balance, excluding the penalty, ut the
rate of eight percent (8 -) per year. •artiai payments shall oe
applied first to accrued penalties, tiler: to interest, then tc.
principal. Notwithstanding the acceptance of a partial
payment, the unpaid balance remains del.nduer.t and the lien
tnerefor enforceable in accordance with law. For the purposes
of this section a payment is paid when due if :nailed to the
Borough, postage prepaid, bearing a postmark date no later than
the due date.
Section 2. This ordinance shall be effective upon passage
and approval.
PASSED AND APPROVED this 5th aay of ,T „nn , 1930.
R (Deputy)
1 First Reading, Approval Date: May 1, 1980
Second Reading, Public Hearing, Approval Date: June 5. 1980