Resolution No. 4941 - Laserfiche WebLink

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RESOLUTION NO. 4941 A RESOLUTION FORMING A LOCAL IMPROVEMENT DISTRICT FOR CONCRETE ALLEY PAVING, AND CONSTRUCTING WASTEWATER AND STORMW ATER SYSTEMS ON 6TH ALLEY BETWEEN TYLER STREET AND POLK STREET. (JOB #4527) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Municipal Corporation of the State of Oregon, as follows: Section 1. After proper notice of the hearings required by Sections 7.165 and 7.166 of the Eugene Code, 1971 (EC), and after receiving the hearings officer's report, the City Council hereby declares it is in the public interest to construct the local improvements described in Section 2 of this Resolution and assess part of the costs thereof to the specially benefitted properties on 6th Avenue alley between Tyler Street and Polk Street. Section 2. The Council hereby orders the establishment of a local improvement district on 6th alley between Tyler Street and Polk Street and in that district to pave, and construct wastewater and stormwater systems and related improvements ("the Improvements"). Section 3. The costs of the Improvements shall be borne by and assessed to the properties in the district in accordance with EC 7.175. Included in the cost shall be the overhead costs specified in EC 7.170 and whatever other special costs, such as acquisition of interests in real property, are necessary to make the Improvements. Upon completion of the Improvements, the final costs therefor will be calculated and the owners of benefitted property shall be notified and the property assessed as provided in E.C. 7.185 to 7.240. The assessments to be levied for the Improvements are hereby characterized for purposes of the property tax limitation in Section 11 b, Art. XI of the Oregon Constitution as assessments for a local improvement, not subject to the constitutional limitation 'of $10 per thousand of real market value. Notice of the intent to so characterize the assessments was sent to the affected property owners prior to the adoption of this Resolution. Section 4. The City Council hereby declares that the construction of the Improvements, as well as acquisition of rights-of-way or easements necessary for the construction, is for a public purpose, is necessary for the public welfare, is authorized under the laws of the State of Oregon and Charter and ordinances of the City of Eugene, and is directed by this Resolution. Section 5. The City of Eugene, Oregon expects to make expenditures from its available funds to pay for the costs of improvements to 6th Alley between Tyler Street and Polk Street (the "Project"). The City reasonably expects, and hereby declares its intent, 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 made from the City's available funds for the Project. The City expects that the principal amount of the Reimbursement Bonds will not exceed $109,620.00, which represents the estimated assessment amount plus a margin of 10%. Resolution - 1