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Ordinance 1382ORDINANCE NO., AN ORDINANCE OF THE CITY OF EDMONDSr WASHINGTON ADDING A NEW SECTION TO THE LOCAL IMPROVEMENT CODE,; SECTION 7.04.140, AUTHORIZING THE CITY TREASURER TO ACCEPT REDUCTIONS IN THE AREA OF ASSESSMENT FOR CERTAIN LOCAL IMPROVEMENT DISTRICT ASSESSMENTS WHEN APPROVED BY THE PROPERTY OWNER IN CERTAIN CIRCUM- STANCES. WHEREAS, various state and municipal agencies from time to time acquire property by eminent domain proceedures or negotiations which property is subject to outstanding local improvement district assessments in which an apportion- ment of an assessment between the acquiring agency and the affected property owner would be unduly burdensome, now, therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. The Local Improvement Code of the City of Edmonds is hereby amended by the addition thereto of a new section reading as follows: "Section 7.04.140 Reductions in area of assessments. The office of the City Treasurer may accept a reduc- tion in the area of property subject to an assessment for a local improvement district and apply the balance of the assessment, including interest and penalties, if any, to the remainder of said property subject to said assessment, provided, that the written consent of the property owner is filed with the City Treasurer, and provided further that the reduction in area will not result in a substantial diminution of the value of the affected property remaining and subject to assessment." ATTESTED: MAYOR t =L�zj� CITY CLERK PASSED BY THE CITY COUNCIL: August 6th , 1968 FILED WITH THE CITY CLERK: August 6, 1968 PUBLISHED: August , 1968