Resolution No. 4488 - Laserfiche WebLink

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M. The City Engineer has called for bids on the proposed improvement and based thereon has determined the estimated total cost of the proposed improvement to be $4.6 million of which $4.6 million shall be assessed to and borne by the specially benefitted property as provided in EC 7.170 and 7.175. N The proposed improvements shall be in compliance with, and in furtherance of, the plans and specifications prepared by the City Engineer in accordance with provisions of Chapter 7 of the Eugene Code, 1971, and applicable policies of the City of Eugene. O. Because the proposed local improvement district is located outside the City's corporate limits, the full faith and credit of the City shall not be pledged to pay the short- term or long-term debt incurred by the City for the construction of the sanitary sewers authorized herein except upon the Council's express approval, which approval is not granted in this resolution. P. To minimize administrative costs in processing the collection of system development charges at the time any specially benefited property is connected to the sanitary sewer, the City Engineer and Finance Officer are authorized to allow property owners to include within any assessment to be paid in installments, the system development charge required by the City at the time of assessment. Q. The assessments to be levied against specially benefited property are for a capital construction project, shall not exceed actual cost, are for bestowal of a special benefit to specific property or to rectify a problem caused by specific property, shall be imposed in a single final assessment upon completion of the project and may be paid with X,U,S RESOLUTION