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HomeMy WebLinkAbout2515 Authorizing/Ordering Terrace St & Ashland Loop Rd Improvement ORDINANCE NO. AN ORDINANCE AUTHORIZING AND ORDERING THE IMPROVEMENT OF TERRACE STREET AND ASHLAND LOOP ROAD BY CONSTRUCTING THEREON CURBS, GUTTER AND PAVING; 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 therefor 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 DO ORDAIN AS FOLLOWS: SECTION 1. It is hereby ordered that Terrace St. from end of pavement to Loop Road, and Loop Road from Terrace St. to end of City property be improved by the construction thereon of curbs, gutter and paving in accordance with the plans and specifications therefor 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 6th day of June, 1989 and duly PASSED and ADOPTED this 20th day of June, 1989. Nan E. Franklin City Recorder/Treasurer SIGNED and APPROVED this day of , 1988. r Catherine M. Golden Mayor