HomeMy WebLinkAboutResolution No. 4536
RESOLUTION NO. LjS3f.e,
A RESOLUTION FORMING A LOCAL IMPROVEMENT DISTRICT FOR
CONSTRUCTION OF SIDEWALKS AND ACCESS RAMPS IN 24 VARIOUS
LOCATIONS. (JOB #3.411)
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a
Municipal Corporation of the State of Oregon, as follows:
Section 1. On March 5, 1995, as authorized in Subsection 7.160(5), Eugene Code, 1971
(EC), Council initiated the proposed local improvement project consisting of sidewalks and access
ramps in twenty four (24) various locations in the city.
Section 2. The Council hereby establishes a local improvement district, in twenty four (24)
locations in the city, for the purpose of constructing sidewalks and access ramps and related
improvements. The specific parcels to be included in this district are more particularly described
in Attachment A hereto, which attachment is incorporated herein by this reference.
Section 3. The costs of the Improvements shall be borne by, and assessed to the properties
in the district in accordance with EC 7.175. Included in the cost shall be the overhead costs specified
in EC 7.170 and whatever other special costs, such as acquisition of interests in real property as are
necessary to make the improvements. Upon completion of the Improvements, the final costs
therefor will be calculated and the owners of benefited property shall be notified and the property
assessed as provided in E C 7.185 to 7.240.
The assessments to be levied for these improvements are hereby characterized for purposes of the
property tax limitation in Section 11 b, Art. XI of the Oregon Constitution as assessments for a local
improvement, not subject to the constitutional limitation of $1 0 per thousand of real market value.
Notice of the intent to so characterize the assessments was sent to the affected property owners prior
to the adoption of this resolution.
Section 4. The City Council hereby declares that the construction of the Improvements, as
well as acquisition of rights-of-way or easements necessary for the construction, is for a public
purpose, is necessary for the public welfare, and is authorized under the laws of the State of Oregon
and Charter and ordinances of the City of Eugene, and is directed by this Resolution.
Section 5. Improvement warrants, short-term promissory notes and other evidence of
indebtedness authorized by Chapter 902, 1991 Oregon Session Laws, issued to finance the
construction of the Improvements shall be indebtedness for them. When improvement warrants are
issued they may be general obligation warrants or limited general obligation warrants or other
similar instrument. Such indebtedness shall bear interest at a rate set by Council resolution
authorizing the debt. The interest shall be paid upon redemption.
Section 6. Proceeds from unbonded assessments, improvement bonds, foreclosure of liens
based on the Improvements and from other budgeted funds including ad valorem taxes, if levied, to
pay the debt shall be deposited in the Short Term Debt Fund until the indebtedness issued to finance
the Improvements are redeemed. Proceeds so deposited may be used only to pay the indebtedness
issued to finance the Improvements.
Section 7. The Mayor, City Manager, and Finance Officer may sign the evidence of
indebtedness herein authorized by facsimile signature with a check signing machine. The Finance
Office shall cause the seal of the City to be printed on the evidence of indebtedness when required
by law or by the purchaser.
The foregoing Resolution adopted the ~day o~ 1997
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/)/7 City Recorder