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HomeMy WebLinkAbout1984O m CE AN ORDINANCE AUTHORIZING AND ORDERING THE IMPROVEMENT OF WALNUT STREET FROM LUNA VISTA TO WIMER STREET BY CONSTRUCTING THEREON CURBS, GUTTERS AND PAVING; AUTHOR- IZING THE ASSESSMENT OF COST OF SAID IMPROVEMENT AGAINST PROPERTY TO BE BENEFITTED THEREBY; AND PROVIDING THAT WAR- RANTS ISSUED FOR THE COST THEREOF BE GENERAL OBLIGATIONS OF THE CITY OF ASHLAND. WHEREAS, the Council has heretofore by Resolution declared its intention to cons- truct the improvement hereinafter described in accordance with plans and specifica- tions and to assess upon each lot or part thereof adjacent to and benefitted by such improvement its proportionate'share of said cost of said impr0vementj as pro- vided by the Charter of the City of Ashland; and WltEREAS, notice of such intention has been duly given and published'as provided By the Charter, and a public hearing held thereupon, and it appears to the Council that such improvement is of material benefit to said City and that all property to be assessed therefor w~ll he benefitted thereby to the extent of the probable amount of the respective assessments to be levied for the costs thereof: NOW, THEREFORE, THE PEOPLE OF THE CITY OF ASHLAND DO ORDAIN AS FOLLOWS: SECTION 1. It is hereby ordered that Walnut Street from Luna Vista to Wimer Street be improved by the construction thereon of curbs, gutters and paving in accordance with the plans and specifications therefor heretofore adopted on file in the office of the Director of Public Works, and ~at the cost thereof be assessed upon each lot or part thereof a~acent to or benefltted by such ~provement, as provided by the Charter of the City of Ashland. SECTION 2. That warrants for the construction of ~e'aforementioned im- proveanent shall bear interest at the prevailing rates, not to exceed seven percenL (7%) per ann~n, and shall constitute general obligations of the City of Ashland, -nd said warrants shall be issued pursuant to and on the terms and conditions set forth in O.R.S. 287.502 to 287.510 inclusive. The foregoing ordinance was first read on the/~__ y of 1978 ' Mayor