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HomeMy WebLinkAbout2005ORDINANCE NO.~i~_~-- AN ORDINANCE AUTRORIZING AND ORDERING THE IMPROVEMENT OF E.LKADER STREET FROM PROSPECT STREET TO IVY LANE 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 bemefitted by such improvement its ~roportionate share of said cost of said improvement,! as pro- vided by the Charter of the City of Ashland; and W}tEREAS, 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 will be 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 F]~a~r ~tr~et {rnm Prospect qtre~t tn Ivy V.~nP 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 that the cost thereof be assessed upon each Iot or part thereof adjacent to or benefitted by such improvement, as provided by the Charter of the City of Ashland. SECTION 2. That warrants for the construction of the aforementioned im- provement shall bear interest at the prevailing rate], not to exceed seven percent (7%) per annum, and shall constitute general obliga~ ions of the City of Ashland, and said warrants shall be issued pursuant to and on th~ terms and conditions set forth in O.R.S. 287.502 to 287.510 inclusive. The foregoing ordinance was first read on the 2nd and duly PASSED and ADOPTED thisl6th day of January Nan E. Franklin City Recorder ' ~~ SIGNED and APPROVED this/~day of January , 1979. ickett __.day of January , 197.~. , 197 9.