Series 107 2006 ORDINANCES/RESOLUTIONS
Section 107-038; Ord. 18865; Amending Chapter 22 of the City Code as it relates to interest rates on special assessments
Ordinance No. 18865 Council Bill No. B 9-06
amending Chapter 22 of the City Code as it relates to interest rates on special assessments; and
fixing the time when this ordinance shall become effective.
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS
SECTION 1. Chapter 22 of the Code of Ordinances of the City of Columbia, Missouri,
hereby amended as follows:
Material to be deleted in
strikeout; material to be added underlined.
Sec. 22-99. Tax bills; form and content.
Each tax bill shall contain a brief general statement of the facts authorizing its issue, the amount
for which it is issued, the name of the record owner and the description of the property against
which it is issued, the rate of interest which it bears, when it begins to bear interest, and shall
state that it is a lien against the land therein described, and give the time that the lien continues.
Tax bills shall bear no interest for sixty (60) days after the date of issue, at which time such tax
bills shall be due and payable in full. After the expiration of sixty (60) days, tax bills shall bear
interest, on the unpaid balance, at a rate
of nine (9) per cent
equal to the Wall Street Journal=s Prime Rate as published on the day the city
council adopts the
resolution declaring the necessity of the project or as published two weeks before the first
reading of the ordinance authorizing issuance of the tax bills, whichever rate is lower. Tax bills
issued after January 1, 2006, for projects for which the city council has adopted a resolution of
necessity before January 1, 2006, shall bear interest, on the unpaid balance, at a rate of nine (9)
percent or at a rate equal to the Wall Street Journal=s Prime Rate as published
two weeks before
the first reading of the ordinance authorizing issuance of the tax bills, whichever rate is lower.
The interest rate which rate shall be set forth in the ordinance authorizing the
issuance of the tax
bills thereof. Every tax bill shall be a lien against the lot, tract or parcel
of land described therein
for a period of ten (10) years after date of issue, unless sooner paid. The lien, for tax bills
payable in installments, shall expire one year after the date of maturity of the last installment,
except when it becomes necessary to bring suit to enforce the lien, in which case the lien shall
continue until the expiration of the litigation. All tax bills shall be assignable, and the owner or
holder of any tax bill may enforce the collection thereof by filing suit in a court of competent
jurisdiction, in the name of the city to his own use or in an action brought by the city in its own
name and for its own use. If the property owner cannot be served by legal process, a suit may be
brought by attachment or by any other legal remedy. Tax bills shall be prima facie evidence of
what they contain, of their own validity, of the facts authorizing their issue, that they are a lien
the land described and, in all tax bills issued in payment for sewers, the liability of the person
named as the owner of such property. No mere informality or clerical mistake in any of the
proceedings shall be a defense thereto. Any error made in issuing any tax bill may be corrected
by the city clerk, either by interlineation or by issuing a new tax bill in lieu of the erroneous one.
When a tax bill is corrected by interlineation, the date of making same shall be certified by the
clerk on the margin or back of the bill. In any action brought on any tax bill, the court shall have
the authority to correct any error in the tax bill.
SECTION 2. This ordinance shall be in full force and effect from and after its
PASSED this 17th day of January, 2006.