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2024-102 Resolution
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2024-102 Resolution
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Last modified
11/22/2024 8:31:16 AM
Creation date
11/21/2024 10:28:51 AM
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North Olmsted Legislation
Legislation Number
2024-102
Legislation Date
11/19/2024
Year
2024
Legislation Title
NOPEC Commercial-Industrial Program
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shall cooperate with and assist the applicable participating political subdivision(s), <br />the issuer of the Obligations, and the County Auditor in their efforts to collect any <br />delinquent Special Assessments. <br />(2) Coordination with Delinquent Property Owners <br />The District will coordinate with and answer questions from delinquent property <br />owners to whom demand letters were mailed. <br />(3) Inform the issuer of Obligations Regarding Special Circumstances <br />The District will keep the issuer of Obligations informed of special circumstances <br />that come to the attention of the District, such as bankruptcies and foreclosures. <br />(4) Preparation of Delinquency Report <br />The District will prepare a delinquency report which identifies all parcels for which <br />demand letters were sent, any payments received, the payment date, and any <br />amounts still delinquent as of January 31. The District will coordinate with the <br />County regarding the procedures related to a tax sale for delinquent Special <br />Assessments. <br />SUPPLEMENTAL SERVICES <br />To the extent that the Board may determine and funds may allow, the District may provide <br />supplemental services designed to increase appreciationfor the District, strengthen the <br />cohesiveness of the District, and improve communication among members of the District and <br />public agencies, such as providing access to data and information collected by the District, <br />displaying informational banners in participating political subdivisions, and attending City <br />Council meetings of participating political subdivisions when issues are discussed relevant to the <br />District. <br />BUDGET <br />The portion of the cost of the Services Plan that will be assessed to property owners which will be <br />determined by the board of the Special Improvement District subject to increase as the number of <br />Authorized Improvements financed with District financing increases. The Board will determine <br />how to allocate funds among the services to be provided. <br />By March 1st of each year, the Treasurer of the Board, as directed by the Board, will produce or <br />cause to be produced and make available to the members of the District and the Board an annual <br />report describing the services delivered, revenues received, expenditures made, and other <br />information about the activities of the District. <br />
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