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02/16/2021 12.H.2. <br />Recommendations - Assessments <br />Establish a ninety -day time period to waive some penalties and interest that have accrued on any <br />expired assessment accounts. Only penalties and interest that have accrued beyond the original term <br />of the assessment will be waived. This is to ensure that no one who has an expired assessment <br />account pays less than those customers who made their assessment payments during the joriginal <br />ten-year loan period. Credit will be given for any principle payments made to date. <br />Establish a twelve-month period to waive some penalties and interest that have accrued on any <br />expired assessment accounts. The total of the original loan payments would be the base of this <br />calculation. Another twenty-five percent in fees will be added to this amount. This is to ensure that <br />no one who has an expired assessment account pays less than those customers who made their, <br />assessment payments during the original ten-year loan period. Credit will be given for anylprinciple <br />payments made to date. <br />Direct staff to establish a policy going forward to avoid liens exceeding five years old, such that <br />customers who are delinquent in their loan payments are notified of pending foreclosure at the 48 - <br />month mark. The policy shall give the Director of Utility Services or his designee the authority to <br />make a settlement offer. The settlement offer should never be for less than the remaining1principle <br />balance of the loan. The County shall pursue foreclosure, where applicable, on any lien not settled. <br />(02- 5 <br />