Item 3: Ordinance Levying Assessments for Debrick Road

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G The Council has reviewed and considered the assessment report ofthe City Engineer and Finance Officer and the hearings official's findings and summary, and based thereon, THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. The hearings official's summary is hereby made a part of the Council's record in these proceedings, and the hearings official's findings, including those regarding compliance with E.C. 7.160 to 7.190, attached hereto as Exhibit B and incorporated herein by reference, are hereby adopted. Section 2. The actual assessable cost ofthe local improvements consisting of paving, curbs, gutters, sidewalks, and storm water drainage system on Debrick Road from Clinton Drive to Valley Butte Drive, and Butte Lane Clinton Drive to 700 feet south is $223,801.27 which is hereby assessed against the parcels of property hereinafter described in the amounts set opposite, respectively. Section 3. The City Council does hereby determine and assess each lot and part oflot within the described local improvement district as set forth on the assessment roll attached as Exhibit C hereto and incorporated herein by reference, which includes those properties whose owners qualified for the Street Subsidy Program. Section 4. The City Council does hereby determine that each parcel of land or lot hereinabove described is specially benefitted to the extent ofthe assessment set forth. The Finance Officer shall give notice of the assessments to the owners of the assessed parcels advising them the assessment may be paid in full, without interest, within ten days of the effective date of this ordinance. Assessments that remain unpaid after the ten day period are declared to be liens upon the respective lots, parts oflots or parcels ofland against which said s~veral amounts are assessed, and may be paid, with interest on the unpaid principal amount commencing ten days after the effective date of this ordinance: 4.1 In up to twenty semi-annual installments, including principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.024. 4.2 If the property owner so elects, in 120 monthly installments, including principal and interest at the rate set by the City Manager as provided in E.C. 2.022 through 2.024 plus a service charge determined by the City Manager as provided in E.C. 2.020. Section 5. The City Recorder is directed to enter in the docket of City Liens a statement in connection with each unpaid assessment containing the following: 5.1 A description of each lot, part of lot or acreage specially benefitted by the local improvements; 5.2 The name of the owner or reputed owner thereof, or that the name of the owner is unknown; and 5.3 The sum assessed upon said property, the amount and date from which interest accrues, and the date of entering the same in the docket of City Liens. Ordinance - 2 Q:\PROJECTS\PROJ-J \4111 \Assessment\Correspondence\ORDlNANCE FOR COUNCIL.doc