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Item 1: Ordinance Concerning Public Improvements - Chapter 7 Revisions
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Item 1: Ordinance Concerning Public Improvements - Chapter 7 Revisions
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6/9/2010 12:16:09 PM
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7/13/2007 9:41:01 AM
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Agenda Item Summary
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7/16/2007
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ATTACHMENT A <br />(d) Assessments for alley improvements shall be calculated on a <br />block-by-block basis and shall include all the costs of the alley <br />improvement, including, but not limited to: <br />1. Drainage infrastructure such as [C]catch basins, <br />stormwater quality devices, and the pipings [from catch <br />basins] to connect the drainage infrastructure to storm <br />sewers for properties specially benefited by the basins; and <br />2. Intersections of alleys, and [intersections] driveway <br />approaches of alleys at their intersections with streets. <br /> <br /> <br />Section 11. <br /> Subsection (2) of Section 7.190 of the Eugene Code, 1971, is <br />amended to provide: <br />7.190 Local Improvements - Assessments – Levy and Notice Thereof <br />. <br /> <br />(2) <br /> Unless otherwise specified by this code or by assessment ordinance, <br />reference in this code to making assessment or lien payments in <br />installments shall mean paying the obligation in up to 119 monthly <br />installments or twenty (20) semi-annual installments including <br />principal and interest at the rate set under section 2.022 of this code. <br /> <br /> <br />Section 12. <br /> Subsections (2) and (3) of Section 7.205 of the Eugene Code, 1971, <br />are amended to provide: <br />7.205 Local Improvements - Interest on Assessment Payments Deferred, <br />Modified, or Extended <br />. <br /> <br />(2) <br />Extended or modified assessment payments authorized under <br />subsection 7.195(2)(b) shall be due monthly or semi-annually for a <br />term of years not to exceed twice the number of years remaining on the <br />assessment bonding agreement as of the date that the application for <br />extension of payments is submitted. The amount and date of monthly <br />or semi-annual payments to be made shall be as specified in the <br />contract of extension or modification. Each such payment shall include <br />interest accrued to the time of the payment on the unpaid balance of <br />the assessment. During the first 10 years of the extension, interest <br />shall accrue at the rate then authorized by section 2.022 of this code. <br />During any period of the extension after the 10 years, interest shall <br />accrue at three percent (3%) per annum less than the rate of interest <br />charged at the beginning of the extension period. <br />(3) <br /> Deferrals under subsection 7.195(3) shall accrue simple interest at the <br />annual rate of five percent (5%), or, if the city [pays] borrows money <br />Ordinance - <br />13 <br /> <br />
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