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HomeMy WebLinkAbout2570 Ashland Loop Rd ImprovemtsObDINANCE NO. ~~ AN ORDINANCE AUTHORIZING AND ORDERING THE IMPROVEMENT OF ASHLAND LOOP ROAD FROM VIEWPOINTE TERRACE SUBDIVISION EASTERLY TO THE END OF PAVEMENT, RE- CONSTRUCTION OF THE INTERSECTION OF ASHLAND LOOP ROAD AND MORTON STREET AND ASHLAND LOOP ROAD FROM END OF PAVEMENT NEAR MORTON STREET APPROXI- MATELY 100 FEET SOUTH, BY CONSTRUCTING CURBS, GUTTERS, ASPHALTIC PAVING AND STORM DRAINS AUTHORIZING THE ASSESSMENT OF COST OF SAID IMPROVEMENT AGAINST PROPERTY TO BE BENEFITED THEREBY; AND PROVIDING THAT WARRANTS ISSUED FOR THE COST THEREOF BE GENERAL OBLIGATIONS OF THE CITY OF ASHLAND. WHEREAS, the Council has heretofore by Resolution declared its intention to construct the improvement hereinafter described in accordance with plans and specifications and to assess upon each lot or part thereof adjacent to and benefited by such improvement its proportionate share of said cost of said improvement, as provided by the Charter of the City of Ashland; and WHEREAS, 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 therefore will be benefited 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 TO ORDAIN AS FOLLOWS: Section 1. It is hereby ordered that Ashland Loop Road from Viewpointe Terrace Subdivision Easterly to the end of pavement, reconstruction of the intersection of Ashland Loop Road and Morton Street and Ashland Loop Road from end of pavement near Morton Street approximately 100 feet South be improved by the construction of curbs, gutters, asphaltic paving and storm drains in accordance with the plans and specifications therefore heretofore adopted and on file in the office of the Director of Public Works, and that the cost thereof be assessed upon each lot or part thereof adjacent to or benefited by such improvement, as provided by the Charter of the City of Ashland. Section 2. That warrants for the construction of the aforementioned improvement shall bear interest at the prevailing rates and shall constitute general obligations of the City of Ashland, and said warrants shall be issued pursuant to and on the terms and conditions set forth in O.R.S. 287.502 to 287.510 inclusive. The foregoing ordinance was first read on the 3rd day of April 1990 and duly PASSED and ADOPTED this ~h day of April 1990. Jill Turner (Acting) SIGNED and APPROVED this 1~, .:"/"~ day of /if..: ,.. ,. / 1990. Catherine Golden, Mayor