HomeMy WebLinkAbout2012-10 Liberty St LID Levying Assessments RESOLUTION NO. 2012 - 10
A RESOLUTION LEVYING SPECIAL BENEFIT ASSESSMENTS IN THE AMOUNT OF
$115,522.00 FOR THE LIBERTY STREET LOCAL IMPROVEMENT DISTRICT FOR
IMPROVEMENTS TO LIBERTY STREET CONSISTING OF GRADING, PAVING, AND
CONSTRUCTION OF SIDEWALKS, CURB, DRAINAGE IMPROVEMENTS, AND
OTHER ASSOCIATED IMPROVEMENTS.
THE CITY OF ASHLAND RESOLVES AS FOLLOWS:
RECITALS:
A. The City of Ashland has constructed paving, sidewalks, curbs, storm drains,
and other improvements as a result of the Liberty Street Local Improvement
.District (LID).
B. The total cost for these improvements is in the amount of $226,620.81, OF
WHICH $115,522.00 shall be paid by property owners within the Liberty
Street Local Improvement District at a rate of$5,251.00 per assessment unit.
C. The total assessments in this district are reasonable assessments and the
assessments charged against each lot are according to the special and
peculiar benefits accruing to it from the improvements. The council finds that
the evidence presented by Engineering Staff, in the Council Communication
of April 17, 2012, is convincing and accepts such evidence as the basis to
support the conclusions recited above.
D. Special benefit assessments should now be levied against properties
benefited 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 (twice a year) installments together with interest. The initial interest to be
charged is 10 percent. At the time that these assessments are bonded, the interest rate
to be charged will be the actual bond sale rate plus 1.5 percent with a maximum of 10
percent.
SECTION 4. Classification of the assessment. The assessments specified in section 1
of this resolution are classified as not subject to the limits of Section 11 b of Article XI of
the Oregon Constitution.
SECTION 5. This Resolution takes effect upon signing by the Mayor.
Page 1 of 2
G:\pub-wrks\eng\dept-admiMLIDIID Resolution Project No.04-21 Liberty LID.doc
This resolution was read by title only in accordance with Ashland Municipal Code
2.04:09 duly PASSED and ADOPTED this Zday o ' 2012.
arbara Christensen, City Recorder
SIGNED and APPROVED this day of ' 2012.
o n Stroniberg, Mayor
Reviewed as to form:
� Gw-
David Lohman, City Attorney
Page 2 of 2
G:pub-wrksleng\dept-admin\LID\LID Resolution No.06 Plaza Ave 5 06.doc
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