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Resolution No. 4488
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1996 No. 4474-4510
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Resolution No. 4488
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Last modified
6/10/2010 4:46:55 PM
Creation date
7/13/2006 8:15:23 PM
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Template:
City Recorder
CMO_Document_Type
Resolutions
Document_Date
6/10/1996
Document_Number
4486
CMO_Effective_Date
6/10/1996
Author
Warren G. Wong
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<br />Section 3. The Council hereby establishes a local improvement district comprised <br /> <br />of the specially benefitted property within the area described in Exhibit A, attached hereto <br /> <br /> <br />and by this reference made apart hereof, for the construction of sanitary sewers to serve <br /> <br />the property specially benefited. <br /> <br /> <br />Section 4. The City Manager is directed to award the contracts for the construction <br /> <br /> <br />of the improvements described in Section 3 hereof and to construct all improvements in <br /> <br /> <br />accordance with the City Engineer's prepared plans and specifications. The costs of such <br /> <br /> <br />improvements shall be borne by, and assessed to the specially benefited properties in the <br /> <br /> <br />district, in accordance with EC 7.175. Included in the costs shall be the overhead costs <br /> <br /> <br />specified in EC 7.170 and whatever other special costs, such as the interest on inter-fund <br /> <br /> <br />loans used for short-term financing and the acquisition of interests in real property, or the <br /> <br /> <br />costs of road repair if another source of revenue to pay for such road costs is not make <br /> <br />available to the City, as are necessary to make the improvements. Upon completion of the <br /> <br /> <br />improvement project, the final costs of the project will be calculated and the specially <br /> <br />benefited property shall be assessed as provided in EC 7.185 through 7.265. <br /> <br /> <br />The assessments to be levied for these improvements are hereby characterized for <br /> <br /> <br />purposes of the property tax limitation in Section 11 b, Art. XI of the Oregon Constitution <br /> <br />as assessments for a local improvement, not subject to the constitutional limitation of $10 <br /> <br /> <br />per thousand of real market value. Notice of the intent to so characterize the assessments <br /> <br /> <br />was sent to the affected property owners prior to the adoption of this resolution. <br /> <br />Section 5. The City Council hereby declares that the construction of the <br /> <br />X,U,S RESOLUTION <br />
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