HomeMy WebLinkAbout175 - 11/03/1987 - AMENDING CITY CODE REGARDING DEFAULT PAYMENTS ORDINANCE NO. 175, 1987
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 22-97 OF THE CODE
OF THE CITY OF FORT COLLINS
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO
that Section 22-97 of the Code of the City of Fort Collins is amended to
read as follows:
§ 22-97. Receiving of payments; sale of property for default.
The municipal or county Treasurer shall receive payment of
all assessments on any real estate appearing upon the assessment
roll with interest. If the person is in default in the payment
of any installment of principal or interest after it becomes due
and payable, the county Treasurer, of his or her own volition or
if the municipal Treasurer is collecting such assessments, upon
certification by the municipal Treasurer of the whole amount of
the unpaid assessments shall advertise and sell the real estate
in default. The advertisement and sale shall be made at the same
time, in the same manner and under all the same conditions and
penalties and with the same effects as are now prescribed by the
general laws of the state for the sale of real estate in default
of the payment of general taxes. At any sale by the county
Treasurer of any real estate in the city for the purpose of
paying any special assessment for local improvements, the
Financial Officer, being duly authorized by the City Council , may
purchase any such real estate without paying in cash and shall
receive certificates of purchase in the name of the city. Such
certificates shall be received and credited at their face value
with all interest and penalties accrued by the Financial Officer
on account of the assessment in pursuance for which the sale was
made. The certificates may be sold and assigned by the Financial
Officer at their face value with all interest and penalties
accrued in the name of the city and the proceeds credited to the
funds created by ordinance for the payment of such assessments
respectively. Such assignment shall be made without recourse
upon the city. The sale and assignment shall operate as a lien
in favor of the city and of the holders of such certificates as
provided by law for sales of real estate for default in the
payment of general taxes in the state.
Introduced, considered favorably on first reading, and ordered
published this 20th day of October, A.D. 1987, and to be presented for
final passage on the 3rd day of November,
/A.D. 1987.
Ma
ATTEST:
2
City Clerk
1987.Passed and adopted on final reading this 3rd day of November, A.D.
jay
EST:
City Clerk