Resolution No. 4526 - Laserfiche WebLink

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specially benefited" or "specially benefited property" does not include all or part of a parcel encumbered by road right-of-way, or by other restrictions of record which prevent development on the area so encumbered. Section 3. The Council hereby establishes a local improvement district comprised of the specially benefitted property within the area described in Exhibit A, attached hereto and by this reference made a part hereof, for the construction of sanitary sewers to serve the property specially benefited. Section 4. The City Manager is directed to award the contracts for the construction of the improvements described in Section 3 hereof and to construct all improvements in accordance with the City Engineer's prepared plans and specifications. The costs of such improvements shall be borne by, and assessed to, the specially benefited properties in the district, in accordance with EC 7.175. Included in the costs shall be the overhead costs specified in EC 7.170 and whatever other special costs, such as the interest on inter-fund loans used for short-term financing and the acquisition of interests in real property, or the costs of road repair if another source of revenue to pay for such road costs is not made available to the City, as are necessary to make the improvements. Upon completion of the improvement project, the final costs of the project will be calculated and the specially benefited property shall be assessed as provided in EC 7.185 through 7.265. The assessments to be levied for these 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 Resolution - 5