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HomeMy WebLinkAbout1993-03 RR Village ImprovementsRESOLUTION NO. 93- ~-~ A RESOLUTION OF INTENTION TO PROVIDE FOR IMPROVEMENTS ON THAT PORTION OF THE SOUTHERN PACIFIC TRANSPORTATION COMPANY PROPERTY WHERE THE PROPOSED RAILROAD VILLAGE SUBDIVISION WILL BE DEVELOPED. THE CITY COUNCIL OF THE CITY OF ASHLAND RESOLVES: SECTION 1. The council intends to make local improvements to the proposed Railroad Village Subdivision. These local improvements consist of construction of Fourth Street including curb, gutter and paving; construction of a 12-inch storm drain system from Fourth Street to Sixth Street. This also includes several inlets, manholes, and a connection to and rerouting of the existing irrigation line; installation of street lights; trenching for utilities; construction of 18' wide paved alleys connecting all lots in the subdivision. Such improvements will be in accordance with costs estimated to be $86,484.00, all of which will be paid by special assessments on benefitted properties. Costs will be allocated by assessing each of the lots as follows: Lot 1: $17,655.52 Lot 2: 9,977.93 Lot 3: 6,865.64 Lot 4: 6,865.64 Lot 5: 9,941.39 Lot 6: 10,000.32 Lot 7: 7,623.38 Lot 8: 7,622.21 Lot 9: 9,931.97 Lot 10: 0.00 SECTION 2. The local improvement district shall consist of all that property described on the attached Exhibit A, which is proposed to be subdivided into ten lots as depicted on Exhibit B. SECTION 3. Warrants for the interim financing of the improvements shall bear interest at the prevailing rates and shall constitute general obligations on the City of Ashland and shall be issued according to the terms and conditions in ORS 287.502 to 287.510 inclusively. SECTION 4. The assessment imposed upon benefitted properties is characterized as an assessment for local improvement pursuant to ORS 305.583(4). SECTION 5. The City of Ashland, Oregon (the "City") expects to cause certain capital expenditures to be incurred for the proposed Railroad Village Subdivision. The City intends to reimburse itself for such capital expenditures with the ]proceeds of borrowings incurred by the City (the "Reimbursement Bonds"). United States Treasury Regulation 1.103-18 sets forth certain PAGE i-RESOLUTION (p:parks\sprrlid.res) requirements that must be complied with in order for the proceeds of Reimbursement Bonds to qualify as an expenditure of bond proceeds. One such requirement is that on or before the date the expenditure that is being reimbursed is paid, the issuer of Reimbursement Bonds must declare a reasonable official intent to reimburse itself for the capital expenditure. It is the reasonable intent of the City to reimburse the capital expenditures for the improvements to the proposed Railroad Village Subdivision with the proceeds of Reimbursement Bonds in the principal amount estimated to be $86,484.00. SECTION 6. Pursuant to AMC §13.20.050, whenever all of 'the owners of property to be benefitted and assessed have signed a petition directed and presented to the city council requesting such local improvement, the city council may initiate and construct such local improvement without publishing or mailing notice to the owners of the affected property and without holding a public hearing regarding the proposed local improvement. Ail of the owners of the property to be benefitted, namely tDe Southern Pacific Transportation Company, has petitioned 'the city council requesting such local improvements, and therefor no notice or public hearing is necessary. This Resolution was READ and DULY ADOPTED at a regular meeting of the city Council of the city of Ashland, Oregon on the /~th day of January, 1993. Nan E. Franklin, City Recorder SIGNED and APPROVED this Catherine M. Golden, Mayor PAGE 2-RESOLUTION (p:parks\sprrlid.res) DESCRIPTION SHEET The land referred to in this report/policy is situated in the State of Oregon, CountY of Jackson and is described as follows: A parcel of land being a portion of Donation Land Claim No. 42 in the North 1/2 of Section 9, Township 39 South, Range 1 East, Willamette Meridian, Jackson County, Oregon being more particularly described as follows: Beginning at the Southeast comer of Donation Land Claim No. 42, being: in the North 1/2 of Section 9, Township 39 South, Range 1 East, Willamette Meridian, Jackson County, Oregon; thence along the East line of said Claim, North 00° 07' 01" East, 993.57 feet to the Easterly prolongation of the North line of "A" Street and the tree point of beginning; thence leaving the East line of said Claim along the North line of "A" Street, North 74° 09' 08" West, 1715.43 feet to a 5/8 inch iron pin; thence leaving said North line North 15° 50' 52" East 109.92 feet to a 5/8 inch iron pin which is 30 feet from and perpendicular to the centerline of the Southern Pacific Railroad's main track; thence South 74° 08' 32" East, parallel with and 30 feet from said centerline 1259.65 feet to a 5/8 inch iron pin; thence Southeasterly parallel with and 30 feet from said centerline along a curve to the right 360.69 feet to a 5/8 inch iron pin set at a point"North 61° 11' .04" West 86.51 feet from the East line of said Donation Land Claim No. 42; thence South 61° 11' 04" East, 86.51 feet to said East line; thence South 00° 07' 01" West along said East line 51.56 feet to the tree point of beginning. RESOLUTION NO. 93- ~ A RESOLUTION OF INTENTION TO PROVIDE FOR IMPROVEMENTS ON THAT PORTION OF THE SOUTHERN PACIFIC TRANSPORTATION COMPANY PROPERTY WHERE THE PROPOSED RAILROAD VILLAGE SUBDIVISION WILL BE DEVELOPED. THE CITY COUNCIL OF THE CITY OF ASHLAND RESOLVES: SECTION 1. The council intends to make local improvements to the proposed Railroad Village Subdivision. These local improvements consist of construction of Fourth Street including curb, gutter and paving; construction of a 12-inch storm drain system from Fourth Street to Sixth Street. This also includes several inlets, manholes, and a connection to and rerouting of the existing irrigation line; installation of street lights; trenching for utilities; construction of 18' wide paved alleys connecting all lots in the subdivision. Such improvements will be in accordance with costs estimated to be $86,484.00, all of which will be paid by special assessments on benefitted properties. Costs will be allocated by assessing each of the lots as follows: Lot 1: $17,655.52 Lot 2: 9,977.93 Lot 3: 6,865.64 Lot 4: 6,865.64 Lot 5: 9,941.39 Lot 6: 10,000.32 Lot 7: 7,623.38 Lot 8: 7,622.21 Lot 9: 9,931.97 Lot 10: 0.00 SECTION 2. The local improvement district shall consist of all that property described on the attached Exhibit A, which is proposed to be subdivided into ten lots as depicted on Exhibit B. SECTION 3. Warrants for the ~..4~~~.. financing of the improvements shall bear interest at the prevailing rates and shall constitute general obligations on the City of Ashland and shall be issued according to the terms and conditions in ORS 287.502 to 287.510 inclusively. SECTION 4. The assessment imposed upon benefitted properties is characterized as an assessment for local improvement pursuant to ORS 305. 583(4) . SECTION 5. The city of Ashland, Oregon (the "City") expects to cause certain capital expenditures to be incurred for the proposed Railroad Village Subdivision. The City intends to reimburse itself for such capital expenditures with the proceeds of borrowings incurred by the City (the "Reimbursement Bonds"). United States Treasury Regulation 1.103-18 sets forth certain PAGE i-RESOLUTION (p:parks\sprrlid.res) requirements that must be complied with in order for the proceeds of Reimbursement Bonds to qualify as an expenditure of bond proceeds. One such requirement is that on or before the date the expenditure that is being reimbursed is paid, the issuer of Reimbursement Bonds must declare a reasonable official intent to reimburse itself for the capital expenditure. It is the reasonable intent of the City to reimburse the capital expenditures for the improvements to the proposed Railroad Village Subdivision with the proceeds of Reimbursement Bonds in the principal amount estimated to be $86,484.00. SECTION 6. Pursuant to AMC §13.20.050, whenever all of the owners of property to be benefitted and assessed have signed a petition directed and presented to the city council requesting such local improvement, the city council may initiate and construct such local improvement without publishing or mailing notice to the owners of the affected property and without holding a public hearing regarding the proposed local improvement. Ail of the owners of the property to be benefitted, namely tlhe Southern Pacific Transportation Company, has petitioned 'the city council requesting such local improvements, and therefor no notice or public hearing is necessary. This Resolution was READ and DULY ADOPTED at a regular meeting of the city Council of the City of Ashland, Oregon on the ~?~th day of January, 1993. Nan E. Franklin, City Recorder SIGNED and APPROVED this day of ~ ~=~-~-~ __, 1993. Catherine M. Golden, Mayor PAGE 2-RESOLUTION (p:parks\sprrlid.res) DESCRIPTION SHEET The land referred to in this report/policy is situated in the State of Oregon, CountY of Jackson and is described as follows: A parcel of land being a portion of Donation Land Claim No. 42 in the North 1/2 of Section 9, Township 39 South, Range 1 East, Willamette Meridian, Jackson County, Oregon being more particularly described as follows: Beginning at the Southeast comer of Donation Land Claim No. 42, being; in the North 1/2 of Section 9, Township 39 South, Range 1 East, Willamette Meridian, Jackson County, Oregon; thence along the East line of said Claim, North 00© 07' 01" East, 993.57 feet to the Easterly prolongation of the North line of "A" Street and the tree point of beginning; thence leaving the East line of said Claim along the North line of "A" Street, North 74° 09' 08" West, 1715.43 feet to a 5/8 inch iron pin; thence leaving said North line North 15° 50' 52" East 109.92 feet to a 5/8 inch kon pin which is 30 feet from and perpendicular to the centerline of the Southern Pacific Railroad's main track; thence South 74° 08' 32" East, parallel with and 30 feet from said centefline 1259.65 feet to a 5/8 inch iron pin; thence Southeasterly parallel with and 30 feet from said centedine along a curve to the right 360.69 feet to a 5/8 inch iron pin set at a point"North 61° 11' 04" West 86.51 feet from the East line of said Donation Land Claim No. 42; thence South 61° 11' 04" East, 86.51 feet to said East line; thence South 00° 07' 01" West along said East line 51.56 feet to the tree point of beginning. .I x Il'