1. “Assessment lien” means a lien placed upon certain real
property for its proportionate share of costs incurred in the construction of
the sewer system or for the connection of the property to the sewer
2. “Collection costs” means the costs associated with the
collection of the assessment such as billing and rebilling charges.
3. “Delinquent assessment lien” means an assessment
installment payment which has not been paid within 30 days after the
installment payment due date.
4. “Department of Environmental Quality” means the State of
Oregon, Department of
5. “Foreclosure sale” means a legal process which allows the
City to foreclose and to sell property to liquidate a delinquent lien.
6. “Foreclosure sale list” means a list of properties with
delinquent assessments which the City will see at a foreclosure sale.
7. “Redemption period” means the one-year period during which
a person with an interest in the property may redeem the property which has
been sold at a foreclosure sale to satisfy a delinquent assessment.
8. “Redemption price” means the sales price plus interest and
9. “Sales costs” means costs associated with the sale
including the cost of advertising, sale direct and indirect costs related to
notification such as the cost of any reports required to determine the names
of persons having an interest in the property or the status of the property,
printing, postage, advertising, posting of the property, title insurance and
staff salaries, benefits and overhead costs directly expended to complete the
means the amount owning on the principle, interest, penalties, collection
costs and sales costs.
11. “Sewer safety net participating property”: A property on
which the assessment or connection charge has been funded by the City of
Portland, Sewer Safety Net Loan