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HomeMy WebLinkAbout1993-08 N. Mountain Sewer RESOLUTION NO. 93- aO~ A RESOLUTION OF INTENTION TO PROVIDE FOR SANITARY SEWER IMPROVEMENTS FOR PROPERTY LOCATED IN THE AREA OF NORTH MOUNTAIN AVENUE NORTH OF BEAR CREEK. THE CITY COUNCIL OF THE CITY OF ASHLAND RESOLVES: SECTION 1. The council intends to make local improvements to provide a sanitary sewer system to the North Mountain Avenue area north of Bear Creek. These local improvements consist of approximately 780 linear feet of sewer in N. Mountain Avenue, beginning 575 {feet} north of Bear Creek, and extending to the top of the N. Mountain Avenue grade. Additional lines would run in Nevada Street from N. Mountain Avenue to Bear Creek and also along Bear Creek just outside of the platted flood way. A pump station would be required at Nevada Street to pump the flow to the existing Bear Creek Trunk Line on the west side of the creek. Such improvements will be in accordance with costs estimated to be $336,855 all of which will be paid by special assessments on benefitted properties. Costs will be allocated on the basis on the size of the 12 tax lots to be served by the system. Those tax lots would be assessed as specified on the attached Exhibit A. SECTION 2. The local improvement district shall consist of all the tax lots described in the attached Exhibit A. 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 North Mountain Avenue Sewer Local Improvement District. The City intends to reimburse itself for such capital expenditures with the proceeds of borrowing incurred by the City (the "Reimbursement Bonds"). United States Treasury Regulation 1.103- 18 sets forth certain 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 proposed North Mountain Avenue Sanitary Sewer Improvements with the proceeds of Reimbursement Bonds in the principal amount estimated to be $336,855. PAGE 1-RESOLUTION (p:\n-mt-ave.res) 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 have 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 March. 2, 1993. Nan E. Fgank].in, City Recorder SIGNED and APPROVED this ~..~/ day of ~-/~~ , 1993. Approved as to form: Paul Nolte, City Attorney PAGE 2-RESOLUTION EXHIBIT A CiO, of Ashland Department of Public Works - Engineering Division Estimated Cost per Lot for: North Mountain Avenue Sewer L.I.D. Map No. I.ot No. Owner Area (acres) Unit Cost Total Cost 39-1E-4AC 400 Harper 9.63 $5,362.23 $51,638.27 i.. 39-!E-4AC 401 Cislo 0.68 $5,362.23 $3,646.32 39-1E-4AC 500 White 0.73 $5,362.23 $3,914.43 39-1E-4AC 501 White 2.00 $5,362.23 $10,724.46 39-1E-4AC 600 Johnson 0.95 $5,362.23 $5,094.12 39-1E-4AC 700 White 3.85 $5,362.23 $20,644.59 39-1E-4AC 800 Quinn 2.00 $5,362.23 $10,724.46 39-1E-4AC 900 Conrad 14.00 $5,362.23 $75,071.22 39-1E-4AC 901 Conrad 2.16 $5,362.23 $11,582.42 39-1E-4AD 200 Hill 15.37 $5,362.23 $82,417.48 39-1E-4DA 100 Hill 6.45 $5,362.23 $34,586.38 39-1E-4DB 100 Hart/Todd 5.00 $5,362.23 $26,811.15 TOTAL 62.82 $ 336,855.30 JHO:rsknmount.sew 25 February 1993 - 3 of 3 Proposed North Mountain Avenue Sanitary Sewer L.I.D.