HomeMy WebLinkAbout1994-06 Oak St. ImprovementsRESOLUTION NO.
A RESOLUTION OF INTENTION TO PROVIDE FOR UTILITY
UNDERGROUNDING, STREET LIGHTING AND STREET TREES ON THE
EAST SIDE OF OAK STREET FROM LITHIA WAY TO 'A' STREET
AND ALONG THE BLOCK BOUNDED BY OAK, 'B' AND PIONEER
STREETS.
THE CITY COUNCIL OF THE CITY OF ASHLAND RESOLVES:
SECTION 1. The council intends to make local improvements to
provide utility undergrounding, street lights and street trees on
the east side of Oak Street from Lithia Way to 'A' Street and
along the block bounded by Oak, 'B' and Pioneer Streets. These
local improvements consist of 20 street lights, 14 street trees
with irrigation system and undergrounding electrical within the
proposed local improvement district. Such improvements are
estimated to cost $143,086 all of which will be paid by special
assessments on benefited properties. Costs will be allocated on
the basis of front footage of each tax lot on the affected
streets. Those tax lots would be assessed as specified on the
attached Exhibit A.
SECTION 2. The local improvement district shall consist of all
the tax lots described in the attached Exhibit A and shall be
called the Oak Street Local Improvement District.
SECTION 3. Warrants for the interim financing of the
improvements shall bear interest at the prevailing rates and
shall constitute general obligations on the City of Ashland and
shall be issued according to the terms and conditions in ORS
287,502 to 287.515 inclusively.
SECTION 4. The assessment imposed upon benefited properties is
characterized as an assessment for local improvements pursuant to
ORS 305.583(4).
SECTION 5. The City of Ashland, Oregon (the "City") expects to
cause certain capital expenditures to be incurred for the Oak
Street Local Improvement District. The City intends to reimburse
itself for such capital expenditures with the proceeds of
borrowing incurred by the City (the "Reimbursement Bonds").
United States Treasury Regulation 1,103-18 sets forth certain
requirements that must be complied with in order for the proceeds
of Reimbursement Bonds to qualify as an expenditure of bond
proceeds. One such requirement is that on or before the date the
expenditure that is being reimbursed is paid, the issuer of
Reimbursement Bonds must declare a reasonable official intent to
reimburse itself for the capital expenditure. It is the
reasonable intent of the City to reimburse the capital
expenditures for the proposed Oak Street Local Improvement
District with the proceeds of Reimbursement Bonds in the
principal amount estimated to be $143,086.
PAGE 1-RESOLUTION INITIATING LID ~=~i~\~-Udl.r~)
SECTION 6. The City Recorder is directed to serve notice to the
property owners by publishing a notice of the public hearing once
in the Daily Tidings, not less than ten days prior to the
hearing, and by mailing copies of the notice by registered or
certified mail to the owners of each lot benefited by the
proposed improvement as shown on the latest tax and assessment
roll. The notice shall be in the form of Exhibit "A" attached to
this resolution.
This resolution was read by title only in accordance with Ashland
Municipal Code § 2.04,090 and duly PASSED and ADOPTED this
/
day of /=~ Z: I~ ~ < f~ .~ / .... , 1994.
/
Na~ E. Frahklin, City Recorder
SIGNED and APPROVED this .-j"Y~'," day of j/C_,~ ~,--~.-~.--~-~_..~_~.~ , 1994.
- atherine M. Golden, Mayor
Approved as to form:
Paul Nolte, City Attorney
PAGE 2-RESOLUTION INITIATING LID
EXHIBIT "A"
NOTICE OF PUBLIC HEARING
The City Council of the City of Ashland will meet on March 15,
1994 at 7:30 P.M. in the Council Chambers, 1175 East Main Street,
to hold a public hearing to consider the formation of a Local
Improvement District as follows:
NATURE OF THE IMPROVEMENT: To provide utility undergrounding,
street lights and street trees on the east side of Oak Street
from Lithia Way to 'A' Street and along the block bounded by Oak,
· B' and Pioneer Streets.
BENEFITED PROPERTY: All those properties described as follows:
EsUmated
Map and Tax Lot Frontage Cost
Lot Number Per Foot Per Foot Amount
39-1E-9BA, 14,000 568.00 $100 $56,800
39-1E-gBA, 14,500 582.00 $100 $58,200
39-1E-9BB, 11,900 88.41 $100 $8,841
39-1E-9BB, 12,100 47.49 $100 $4,749
39-1E-9BB, 12,200 84.97 $100 $8,497
39-1E-9BB, 12,300 59.99 $100 $5,999
Owner Address
Cantwell, Thomas & Roselyn 957 Harmony Lane, Ashland
Pugh, Lance K. & Elizabeth A. 882 'B' Street, Ashland
Hawkins, Anne M. 610 Valley View Road, Medford
Uhtoff, Michael & Katherine 154 Oak Street, Ashland
Wenker, Robert L. & Lois 170 Oak Street, Ashland
Berman, Steven 67 Scenic Drive, Ashland
ESTIMATED COST: The estimated cost of this local improvement is
$143,086 all of which shall be paid by special assessment of
benefited properties.
ADDITIONAL INFORMATION: Proposed assessments will be based on
$100 per front foot of the affected lots. The estimated
assessment for each lot is set forth above. Additional
information may be obtained at the Department of Public Works,
Engineering Office, 27½ N. Main Street, Ashland, Oregon on
weekdays during the hours of 8:00 am to 4:30 pm.
All affected property owners may appear at the hearing or submit
written comments prior to or at the hearing, as to why the
improvements should not be developed or why the benefited
properties should not be assessed in the manner proposed.
Characterization of the assessment: The assessment imposed upon
benefited properties is characterized as an assessment for local
improvement pursuant to ORS 305,583(4).
BY THE ORDER OF THE CITY COUNCIL
Nan E'. F~nk'ii~, City Recorder