HomeMy WebLinkAbout2005-29 Strawberry LID Assmt
RESOLUTION NO. 2005-29
A RESOLUTION LEVYING SPECIAL BENEFIT ASSESSMENTS IN THE AMOUNT
OF $415,847.98 FOR THE STRAWBERRY LOCAL IMPROVEMENT DISTRICT FOR
IMPROVEMENTS TO STRAWBERRY LANE, SCENIC DRIVE, NUTLEY STREET,
ALNUTT STREET AND WESTWOOD STREET CONSISTING OF P A Vn~G,
CURBS, GlJTTERS, STORM DRAINS, SIDEWALK, AND ASSOCIATED
IMPROVEMENTS
THE CITY OF ASIILAND RESOLVES AS FOLLOWS:
RECITALS:
A. The City of Ashland has constructed curbs, gutters, sidewalks, storm drain, and paving as
a result of the Strawberry Local Improvement District (LID)
B. The total cost for these improvements is in the amount of$1,028,161.63. An applied
credit of $612,313.65 has reduced the total assessment to be levied against the owners of
property within the district to $415,847.98. Credits were derived from materials and
services provided by the subdivision developer and incorporated into the project
($19,677.02) and from an assessment credit taken for consideration of a right of way
purchase ($4,140.00). A credit of $399,470.00 was derived in accordance with
Resolution No. 99-09 and additional City participation of $189,026.63 resultt~d from the
maximum cap exceedence as required under Resolution No. 99-09.
C. The total assessments in this district are reasonable assessments and the assessments
charged against each lot is according to the special and peculiar benefits accnling to it
from the improvements. The council finds that the evidence presented by Jarnes H.
Olson, Project Manager, in the Council Communication of July 19, 2005, is convincing
and accepts such evidence as the basis to support the conclusions recited above.
D. Special benefit assessments should now be levied against properties benefited 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 tht~ 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 2. 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 3. All assessments using the Bancroft Bonding Act are required to pay in 20 semi-
annual (twice a year) installments together with interest. Interest charged will be the actual bond
sale rate plus 1.5 percent, with a maximum of 10 percent. The initial interest to be charged is
G:',pub-\vrks\admin'YB C<'uncil\UDsS\nmberry Lan.:; un icv) !Zc<;o.J<,c
7.75 percent.
SECTION 4. Classification of the assessment. The assessments specified in sections 1 of this
resolution are classified as not subject to the limits of Section 11 b of Article XI of the Oregon
Constitution.
SECTION 5 This Resolution takes effect upon signing by the Mayor.
This resolution was read by title only in accordance with Ashland Municipal Code
~2.04.090 and duly PASSED and ADOPTED this /9 day of J~ ,2005.
IlL
Barbara M. Christensen, City Recorder
SIGNED and APPROVED thi~ day of ~, 2005.
~~~
Kate Jackson, Council Chair
Reviewed as to fonn:
?~O
, ity ,Attorney
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