Ordinance No. 20008 - Laserfiche WebLink

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• r B FINDINGS AND REC4MMENDATIGNS SUBJECT: FINAL ASSESSMENT FOR TRAFFIC SIGNAL DN GREEN ACRES RaAD 1, 000 FEET EAST DF DELTA HIGHWAY CGNTRACT 94-29 ~J4B #3092} BACKGROUND This project was initiated by a petition from the property owners. Property owners within the local improvement district SLID} supporting the improvement will bear 100 percent of the assessment cast. Based on the petition, the City Engineer initiated the project, as provided for in the Eugene Code 7.1608} on March 8,1994, and the City Council formed the LID on July 11,1994. No one submitted written or verbal testimony at the public hearing objecting to the planned distribution of costs. The project has been completed and final assessment costs have been calculated. The property owners were notified of the final assessment hearing at least ten X10} days prior to the hearing. The petitioners originally signed an irrevacable petition for public improvements in 1987. As outlined in the formation of the lacal improvement district, the assessment distribution for the signal was to be based on the site review conditions and the irrevocable petition. In 1987 there was no expectation that either the City or properties on the north side of Green Acres Road would participate in the signal cast, although the City retained the discretion to add other properties to the district when it was farmed. Since 1987 other properties in the area have been developed. Based on changes to the systems development charge methodology made in 1991, the City determined that properties on the north side of Green Acres Road should not be included in the LID when the LID was formed. The premise of the change in the SDC formula was that the City would fund future traffic signals through SDC revenues rather than through assessments ~LID's}. The City concluded that 50 percent of the signal costs should be paid for by the City, using SDC funds collected from properties on the narth side of Green Acres Road. Thus, the obligation of the properties south of Green Acres Road created by the irrevocable petition was reduced by 50 percent. The City determined that these properties should still be assessed for 50 percent of the cast, since they had not paid the revised SDC charges. The Council reaffirmed this method of assessment during its discussion of the LID formation PROJECT The project included installation of a traffic signal at the intersection of Green Acres Road and the entrance to G.I. Joe's and Home Depot. TRAFFIC SIGNAL ON GREEN ACRES ROAD i,QQa FEET EAST OF DELTA HIGHWAY Page 1 FINAL ASSESSMENT -FINDINGS AND RECONIlVIENDATIONS