Ordinance No. 20004 - Laserfiche WebLink

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further since NERCO initiated discussions with the City concerning City support of this portion of the project. Assessment of the costs of sewer construction to each of the lots within the subdivision will allow the cost to be passed on equitably to those who acquire use of the parcels. The property owner's ability to pay the cost of the improvements, plus interest, over ten years will allow the project to progress without an immediate financial burden that might defeat the purpose of the low income housing project. Each lot in the platted subdivision will be specially benefited in the amount of $1,530.55, the proportional cost of the sanitary sewer project. The Hearings Official also finds that the project is one for which the assessments are for local improvement as set forth in ORS 3 ~ 0.4 ~ 0 because: 1. The assessments do not exceed actual costs; Z. The assessments are imposed for a capital construction project which provides a specific benefit for a specific property or rectifies the problem caused by a specilxc property; 3. The assessments are imposed in a single assessment upon completion of the project; and 4. The assessments allow the property owners to elect to pay the assessment with interest over at least ten X10} years. RECOMMENDATION Due to the unusual consolidated character of the process in this instance, the Hearings Ofl~cial recommends the following: 1. Pursuant to EC §7.1605}, the Council, on its own motion initiate consideration of a proposed local improvement. 2. Pursuant to EC §7.1bb~3}, the Council adopt a resolution approving the formation of a local improvement district encompassing the entire platted subdivision known as the Field of Dreams Subdivision for the purpose of constructing sanitary sewers within the local improvement district. 3. Pursuant to EC §7.1S7~Z}, the Council adopt an ordinance levying a final assessment of the total cost of the project proportionally to each lot of the platted Field of Dreams Subdivision by assessing each property $1530.58. Respect lly sub d, Milo Mecham Hearings Official Dated April 4, 1995 FIELD OF DREAMS SUBDNISION LID FORMATION AND FINAL ASSESSMENT Page 3 FINDINGS AND RECONIlVIENDATIONS