HomeMy WebLinkAbout1996-46 Oak Street LID RESOLUTION NO. 96- ~
A RESOLUTION LEVYING SPECIAL BENEFIT ASSESSMENTS IN THE
AMOUNT OF $157,394.60 FOR UTILITY UNDERGROUNDING, STREET
TREE PLANTING AND STREET LIGHTING IMPROVEMENTS IN LOCAL
IMPROVEMENT DISTRICT NO. 70
RECITALS:
The City of Ashland has constructed utility undergrounding, street tree planting
and street lighting in local improvement distdct no. 70 during 1995-96.
B. The total assessment for these improvements is in the amount of $157,394.60.
Ce
The total assessments in this district are reasonable assessments and the
assessments charged against each lot is according to the special and peculiar
benefits accruing to it from the improvements. The council finds that the
evidence presented by James H. Olson in his final report of September 25,
1996 is convincing and accepts such evidence as the basis to support the
conclusions recited above.
Special benefit assessments should now be levied against property benefitted 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 3. 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 4. All assessments using the Bancroft Bonding Act are required to pay in
20 semi-annual installments together with interest. Interest charged will be the actual
bond sale rate plus 1-1/2 percent, with a maximum of 10 percent.
SECTION 5. Classification of the assessment, The assessments specified in sections
I of this resolution are classified as not subject to the limits of Section 11b of Article XI
of the Oregon Constitution.
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The foregoing resolution was READ BY TITLE ONLY and DULY ADOPTED at a regular
meeting of the City Council of the City of Ashland on the -5~ day of ~d7.~jw/,~_~r-.
199_~.
Barbara l~1 ,Christensen, City Recorder
SIGNED and APPROVED this /-/ day of
~Catherine M. Golden, Mayor
Paul Nolte, City Attorney
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