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HomeMy WebLinkAbout1999-72 Auth. Penny Drive LIDRESOLUTION NO. 99- A RESOLUTION AUTHORIZING AND ORDERING THE LOCAL IMPROVEMENTS FOR PENNY DRIVE/PALMER ROAD WITHIN THE CASA MADRONA SUBDIVISION FOR THE PAVING, CURBS, GUTTERS, STORM DRAINS, DEFERRED SIDEWALK AND ASSOCIATED IMPROVEMENTS WITHIN THE LOCAL IMPROVEMENT DISTRICT AND AUTHORIZING THE ASSESSMENT OF THE COST OF THE IMPROVEMENTS AGAINST PROPERTY TO BE BENEFITED AND AUTHORIZING THE CITY TO BORROW MONEY AND ISSUE AND SELL NOTES FOR THE PURPOSE OF PROVIDING INTERIM FINANCING FOR THE ACTUAL COST OF THE LOCAL IMPROVEMENT. RECITALS: A. The Council has declared by resolution its intention to develop the improvements described in the above title and in the improvement resolution previously adopted and to assess upon each lot or part of lot benefited by the improvement its proportional share of the cost of the improvement; and B. Notice of such intention was duly given, a public hearing was held and it appears to the Council that such improvements are of benefit to the city and all property to be assessed will be benefited to the extent of the probable amount of the respective assessments to be levied for the costs. THE CITY COUNCIL OF THE CITY OF ASHLAND RESOLVES: SECTION i. A local improvement district is created and shall consist of all the tax lots described in the attached Exhibit A. The district shall be called the Penny/Palmer Local Improvement District, No. 81. SECTION 2. The council intends to make local improvements to provide the improvements described in the above title. Such improvements will be in accordance with costs estimated to be $66,931.00 all of which will be paid by special assessments on benefited properties. Costs will be allocated based on $3,953.35 per unit or potential unit assessment. Lots will be assessed as specified on the attached Exhibit A. SECTION 3. The City of Ashland is authorized to borrow money and issue and sell notes for the purpose of providing interim financing for the actual cost of the local improvement. The notes may be payable from the proceeds of any bonds, issuance of additional notes or from any other sources from which the bonds are payable. This borrowing shall be issued according to the terms of ORS 223,235(7). SECTION 4. The City of Ashland expects to make expenditures from its available funds to pay for the costs of the improvement project. The City reasonably expects to issue bonds or other obligations (the 'Reimbursement Bonds') and to use the proceeds of the Reimbursement Bonds to reimburse the City for the expenditures it makes from its available funds for the improvement project. To permit interest on the Reimbursement Bonds to be excludable from gross income, the Internal Revenue Code of the United States requires that the City declare its intent to PAGE 1-RESOLUTION palmer-penny 21 Dec ReSO.dOCc:~ayFi~es~palrner-pen.wpd reimburse itself from Reimbursement Bond proceeds within 60 days after the expenditures are made. The City expects that the principal amount of the Reimbursement Bonds will not exceed $73,624.10. SECTION 5. The assessment imposed upon benefited properties is characterized as an assessment for local improvement pursuant to ORS 305.583(4). SECTION 6. The city recorder is directed to prepare the estimated assessment of the respective lots within the local improvement district and file it in the lien records of the city. SECTION 7. Sidewalk requirement deferred. The assessments on benefited properties include the amount of $7,980 for a sidewalk less a credit of $4,788 which is to be paid by the city in accordance with resolution 99-09. The benefited property owners have requested a deferment on the installation of the sidewalk. The owners, however, do not desire, and have not requested, a deferment of the assessments for the sidewalk. By adopting this resolution, the council accepts the request for the deferment of the installation of the sidewalks, which shall be deferred indefinitely. No sidewalk is to be installed at the time the improvements listed in the title are made. That podion of the assessments for the sidewalk as listed in the attached exhibits is still to be included and collected in the assessments made for this Penny/Palmer Local Improvement District, No. 81, however. When a sidewalk is installed in the future, the then owners of the lots subject to this LID will not be further assessed or charged for such improvement. It is the intent of this resolution to reflect that the lots subject to this LID have met their commitment for the payment for a sidewalk. This resolution was read by title only in accordance with Ashland Municipal Code '2.04.090 and duly Barbara Christensen, City Recorder SIGNED and APPROVED this ~2Z.- day of ,1999. Paul Nolte, City Attorney C h at erine M. Shaw, Mayor PAGE 2-RESOLUTION palmer-penny 21 Dec ReSO.dOCc:~yFi~es\pa~rner-pen.wpd mm z zz City of Ashland Department of Public Works - Engineering Division Estimate for Pairnet Road & Penny Drive L.I.D. Street: Palmer Road & Penny Drive Limits: South of Woodland to end Estimate By: R. Pallady Date: 05/14198 Revised By: J. Olson Date: 05/17~99 Revised By: J. Olson Date: 07~26~99 Revised By: J. Olson Date: 09/01/99 GENERAL INFORMATION Length of Project:564 Width of Street: 22' W/4' sidewalk I side (on Palmer Road and Penny Drive) Pavement Design: 4" AC A. ESTIMATED COSTS Total Estimate B. OTHER (List) Contingency (5%) C. TOTAL D. ENGINEERING (~. 20% E. PROJECT TOTAL F. CREDITS Sidewalks - 60% of $7,980 Storm Drain - 75% of $4,600 Paving - 20% of $38,260.00 Engineering - 50% of $11,155 Subtotal G. TOTAL ASSESSABLE COST H. TOTAL ACCESSIBLE UNITS I. ESTIMATED COST PER UNIT 553,120.00 $2,656.00 $55,776.00 $11,155.00 $66,931.00 $4,788.00 $3,450.00 $7,652.00 $5,577.50 $21,467.50 $45,463.50 11.5 $3,953.35 ( i:Dawn\Engineer\LID\Palmer - Penny Revision Ltr to Nbrs 9-1-99.doc 1 2 3 4 5 6 7 8 9 10 11 12 13 ESTIMATED COST PER LOT FOR THE IMPROVEMENT OF PALMER ROAD AND PENNY DRIVE CASA MADRONA SUBDIVISION MAP NO. TAX LOT DESCRIPTION POTENTIAL COST PER UNITS UNIT 39-1E-15BC 3000 Lot 12 Casa Madrona1 $3,953.35 39~1E-15BC 3005 Lot 3 cas~M~dro.a 1 $3,953.35 39-1E-15BC 3007 Lot 4 Ca~M~dro.~ I $3,953.35 39-1E-15BC 3008 Lot 5 Ca~a ~adro.~ 1 $3,953.35 39-1E-15BC 3009 Lot 6 c~dro.a 1 $3,953.35 39-1E-15BC 3010 LOt 9 C~4~dro.a 2 $3,953.35 39-1E-15BC 3011 Lot 10 c~s~M~u~o.~ .5 $3,953.35 39-1E-15BC 3012 Lot 11 cas. M.d~o...5 $3,953.35 39-1E-15BD 6100 Lot 1 BIk 4 8ie~er 1 $3,953.35 39-1E-15BD 7200 ............... 1 $3,953.35 39-1E-15BD 7100 ............... .5 $3,953.35 39-1E-15BD 7101 ............... .5 $3,953.35 39-1E-15BD 6900 ............... .5 $3,953.35 11.5 TOTALS TOTAL $3,953.35 $3,953.35 $3,953.35 $3,953.35 $3,953.35 $7,9O6.7O $1 976.67 $1 976.67 $3,953.35 $3,953.35 $1 976.67 $1 976.67 $1 976.67 $45,463.50 Note: The costs shown are estimates only. The final assessment will be derived from the actual costs incurred on the project. G: Dawn\Engineer\Ll DXPalmer - Penny Revision l,tr to Nbrs 9-1-99.doc