Ordinance No. 19393 - Laserfiche WebLink

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~ b} The credit rating of the city and its abi 1 i ty to retire existing Bancroft band obl i gati ans using payments from the owners of previously assessed property; 4 c} The 1 eve1 of petitioner's investment i n 1 ocal i mprove- ments being constructed to serve the area; ~ d} The availability of private capital or other means to finance 1oca1 improvements to undeveloped property; ~ e } The payment history of petitioners on other 1 ocal i mprove- ment assessments; ~f} Any other factors the council deems significant, ~3 } Except as directed to the contrary by counci 1 poi i cy adapted pursuant to subsection 7.160 ~~ } , under this section the city engineer shat 1 not approve a peti ti on for construction of 1 ocal improvements to serve resi - dentially zoned undeveloped property until the petitioner: ~ a} ~ s current on all obligations imposed by this chapter on the petitioner and on real property i n which the petitioner hal ds 1 egal ti t1 a or an equitable interest; and ~ b} Provides the city engineer with reasonable assurance that upon completion of the plans and specifications fvr the peti - ti oned i mpravements, petitioner shat 1 deposit with the city finance officer sufficient funds to keep the estimated assessments against petitioner's real property equal to or less than the real prop- erty's assessed value as determined by the Lane County Assessor. ~4} A person desiring to construct or to have a local improvement constructed shal 1 first fi 1 e a peti ti an with the city engineer an farms pro- vi ded by the city engineer, A peti ti on fora 1 ocal improvement to be con- structed by the petitioner at the petitioner's expense may be approved by the city engineer upon petitioner's compliance with the appl i cab] a provisions of this chapter, The city engineer sha11 present to the counci ] petitions for local improvements to be financed in any part by assessments against spe~ dally benefitted property. Such petitions may be presented singly or in a project group at the time requested by the petitioner, by the council or by the city engineer, whichever first occurs, ~ 5 } The council , upon its own motion may initiate consideration of a proposed local improvement. Local improvement projects are also initi- ated for consideration under this section when the project i s included i n the council approved capita] improvement plan, ~6} The city engineer, except when proceeding under subsection 7,160 ~ 7 }, fo11 owl ng i n7 ti ati on of cansi derati on shat 1 furnish the counci 1 a report containing the following information and whatever additional informa- tion the council requires: ~ a} A map shvwi ng the general nature, 1 ocati on, and extent of the proposed local improvement and the contemplated district within which 1 and would be assessed for the cost of the proposed improvement, ~ b} A l i st of all parcels of land i n the district and of their owners. ~d} An estimate of the total cost of the proposed improve- ment wi th a breakdown showing the estimated amount and its percent- age of the total estimate to be borne by any petitioner prior to assessment, by local improvement assessments against specially benefitted property, by the city and by any others. t7} After considering a report furnished under subsection 7,1606}, the counci 1 may: Ordinance - 20