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HomeMy WebLinkAbout1999O IN CE NO./q ctc AN ORDINANCE AUTHORIZING AND ORDERING THE IMPROVEMENT OF DIANE STREET FROM TOLMAN CREEK ROAD TO JACQUELIN STREET BY CONSTRUCTING THEREON CURBS, GUTTERS AND PAVING; AUTHOR- IZING THE ASSESSMENT OF COST OF SAID IMPROV~]~ENT AGAINST PROPERTY TO BE BENEFITTED THEREBY; AND PROVIDING THAT WAR- RANTS ISSUED FOR THE COST THEREOF BE GENERAL OBLIGATIONS OF THE CITY OF ASHLAND. WHERF~, the Council has heretofore by Resolution declared its intention to cons- truct the improvement hereinafter described in accordance with plans and specifica- tions and to assess upon each lot or part thereof adjacent to and benefitted by such improvement its proportionate'share of said cost of said impr0vementj as pro- vided 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 m~terial benefit to said City and that all property to be assessed therefor rill be benefitted thereby to the extent of the probable amount of the respective assessments to be levidd for the costs thereof: NOW, THEREFORE, THE PEOPLE OF THE CITY OF ASHLAND DO ORDAIN AS FOLLOWS: SECTION 1. It is hereby ordered that Diane Street from Tolman Creek Road to Jacquelin Street be improved by the construction thereon of curbs, gutters and paving in accordance with the plans and specifications therefor heretofore adopted 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 benefitted by such improvement, as provided by the Charter of the City of Ashland. SECTION 2. That warrants for the construction of the aforementioned im- provement shall bear interest at the prevailing rateJ, not to exceed seven percent (7%) per annum, 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 5th day of December , 1978 and duly PASSED and ADOPTED this 19th .day of December , 1978. City Recorder ' ~~ SIGNED and APPROVED this~ay of. Dec her G ett Mayor