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HomeMy WebLinkAbout1996-15 Strawberry Lane Sewer.ESO uTIO..o. 9.- 15 A RESOLUTION LEVYING SPECIAL BENEFIT ASSESSMENTS IN THE AMOUNT OF $54,167.40 FOR SANITARY SEWER IMPROVEMENTS IN LOCAL IMPROVEMENT DISTRICT NO. 68 RECITALS: The City of Ashland has constructed sanitary sewers in Local Improvement District No. 68 during 1995-96. B. The total assessment for these improvements is in the amount of $54,167.40. The total assessments in this district are reasonable assessments and the assessments charged against each lot is according to the special and peculiar benef~s accruing to it from the improvements. The Council finds that the evidence presented by the Acting Public Works Director in his memorandum of December 22, 1995, is convincing and accepts such evidence as the basis to support the conclusions recited above. Special benefit assessments should now be levied against property benefitted to defray the expense thereof. THE CITY OF ASHLAND RESOLVES AS FOLLOWS: SECTION 1. The amount of the assessment to be charged against each lot within the local improvement district according to the special and peculiar benefits accruing to each lot for these improvements are set forth in the attached Exhibit "A". SECTION 2. Any owner of property assessed for $100.00 or more may request the payment be extended in the manner and under the provisions of the Bancroft Bonding Act, if the request is made within thirty days after notice of the assessment is received. SECTION 3. All assessments using the Bancroft Bonding Act are required to pay in 20 semi-annual installments together with interest. Interest charged will be the actual bond sale rate plus one and one half percent (1.5%), with a maximum of twelve percent (12%). Initially the interest rate will be set at eight percent (8%). SECTION 4. Classification of the assessment. The assessment specified in sections one (1) of this Resolution are classified as not subject to the limits of Section 1 lb of Article XI of the Oregon Constitution. This Resolution was read by title only in accordance with Ashland Municipal Code PAGE l-(c:eagiaeer~idXdirmo68.Res) §2.04.090 duly PASSED and ADOPTED this __ B~ense~,~/,C~i~~ SIGNED and APPROVED this 7 day of Paul Nolte, City Attorney day of ~~ ~'~,~', 1996. Catherine M. Golden, Mayor ,1996. PAGE