[Ord. 1011, 12/8/1986]
The Mill Street Business Improvement District is hereby established.
The district shall consist of the entire length of Mill Street from
Old Route 13 to Radcliffe Street and, in addition, the north side
of the 100 block of Radcliffe Street from Mill Street to Market Street.
[Ord. 1011, 12/8/1986]
The improvements to the Mill Street Business Improvement District
are new concrete and brick sidewalks and curbing, colonial lighting
fixtures, and planting of new trees as described in the plans prepared
by George Patton, Architect.
[Ord. 1011, 12/8/1986]
The total costs of improvements shall be in the amount not to
exceed $660,000.
[Ord. 1011, 12/8/1986]
Fifty percent of the cost of improvements shall be financed
by borrowing secured by municipal notes to be paid by the special
assessment to Business Improvement District property owners determined
by the front foot assessment method with adjustments made for owners
of corner properties.
[Ord. 1011, 12/8/1986]
All assessments made on property owners shall be payable on
an annual basis and shall be due and payable on or before March 31
of each year. The assessments shall not be payable beyond the term
of notes or bonds secured for the payment of the project.
[Ord. 1011, 12/8/1986; as amended by Ord. 1026, 2/8/1988]
The 50% cost of improvements in the amount of $330,000 to be
charged against property owners benefitted thereby on the basis of
$137 per front foot as provided in the Pennsylvania Business Improvement
District Act of 1967, as amended, is hereby approved.
[Ord. 1026, 2/8/1988]
Claims to secure the assessments shall be entered in the Prothonotary's
Office of Bucks County at the same time, and in the form and shall
be collected in the same manner as municipal claims. Annual installment
payments are hereby authorized to be established in an amount sufficient
to pay the annual debt service incurred by the Borough to fund the
cost of 50% of the project over a twenty-year period.
[Ord. 1026, 2/8/1988]
All assessments which are payable in installments shall constitute
liens and encumbrances upon the respective benefitted properties,
at the beginning of each calendar year. A penalty of 10% of the annual
payment shall be due and payable if the annual payment is not made
by June 30 of each year.
[Ord. 1026, 2/8/1988]
If any annual payment or portion thereof shall remain due and
unpaid for a period of one year after said payment has become due
and payable as provided in this Part, then the entire assessment for
the total cost of the improvements to the property, with accrued interest
and penalties, shall become due and become a lien from the due date
of the installment.
[Ord. 1026, 2/8/1988]
No action taken to enforce a claim for any installment or installments shall affect the status of any subsequent installment of the same assessment, each of which shall continue to become a lien upon the property annually pursuant to § 13-408.
[Ord. 1026, 2/8/1988]
Any property owner against whom an assessment has been made
may pay the same in full, at any time, with accrued interest and costs
thereon, and shall discharge the lien of such assessment or installment
then constituting a lien, and also release the claim to any later
installment.
