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HomeMy WebLinkAboutResolution No. 4833 RESOLUTION NO. 4833 A RESOLUTION FORMING A LOCAL IMPROVEMENT DISTRICT FOR PAVING ALLEYS LOCATED IN THE WEST UNIVERSITY NEIGHBORHOOD GENERALLY BOUNDED BY WILLAMETTE STREET, 19TH AVENUE, KINCAID STREET, AND FRANKLIN BOULEVAI~. (JOB #4172, 4309 AND 4310) BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a Miinicipal Corporation of the State of Oregon, as follows: Section 1. After proper notice of the hearings required by Sections 7.165 and 7.166 of the Eugene Code, 1971 (EC), and after receiving the hearings officer's report, the City Council hereby declares it is in the public interest to construct the local improvements described in Section 2 of this Resolution and assess part of the costs thereof to the specially benefitted properties at the alleys located in the West University Neighborhood generally bounded by Willamette Street, 19th Avenue, Kincaid Street, and Franklin Boulevard as set forth in Attachment A. Section 2. The Council hereby orders the establishment of a local improvement district for alleys located in the west University Neighborhood generally bounded by Willamette Street, 19th Avenue, Kincaid Street, and Franklin Boulevard and in that district to pave the alleyways and construct t'he related improvements ("the Improvements'). 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, are necessary to make the Inaprovements. Upon completion of the Improvements, the final costs therefor will be calculated and the owners of benefitted property shall be notified and the property assessed as provided in E.C. 7.185 to 7.240. The assessments to be levied fbr the Improvements are hereby characterized fbr purposes of the property tax limitation in Section 1 lb, Art. XI of the Oregon Constitution as assessments fbr a local improvement, not subject to the constitutional limitation of $10 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, 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, The City of Eugene, Oregon expects to make expenditures from its available funds to pay for the costs of improvements for alleys located in the West University Neighborhood generally bounded by Willamette Street, 19th Avenue, Kincaid Street, and Franklin Boulevard (the "Project"). The City reasonably expects, and hereby declares its intent, Resolution ~ 1 to issue bonds or other obligations (the "Reimbursement Bonds") and to use the proceeds of the Reimbursement Bonds to reimburse the City for the expenditures made from the City's available f~ands for the Project. The City expects that the principal amount of the Reimbursement Bonds will not exceed $1,837,857.00, which represents the estimated assessment amount plus a margin of 10%. Section 6, Lines of credit and other evidence of indebtedness authorized by City Council Resolution No. 4807 may be issued to finance the construction of the Improvements. SeCtion 7__ . 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 is redeemed. Proceeds so deposited may be used only to pay the indebtedness issued to finance the Improvements. Section 8. The City Manager, or the person designated in writing by the City Manager to act under Resolution No. 4807 may sign the evidence of indebtedness issued to finance the construction of the Improvements. Section 9. This Resolution shall become effective immediately upon its adoption. The ~bregoing ResoLution adopted the 9th day of May, 2005. City )taler Resolution - 2 Job No. 4~72 Job No. 4309 Job No~4310 Alley N~, #1 beWveen #2 between #6 between #8 between #iO between #16 between #17 between #22 between #25 between #31 between #4 between #9 between #14 between #24 between #26 between #27 between #30 between #5 between #18 between #13 between #19 between #20 between #21 between #23 between #29 between #32 between ATTACHMENT "A" Description Broadway and Mill Race from half alley to Patterson Hilyard and Patterson from half alley to Mill Race 14th and 15th from Alder to Hilyard Ferry and Mill from half alley to 1 lth llth and 12th from Hilyard to Patterson 14th and 15th t¥om H~yard to Patterson 14th and 15th from K~ncaid to Aider Ferry and Mill from 10th alley to half alley Mill and High from 13th to half alley llth and 12th from half alley to High 13th and 14th from Oak to half alley High and Pearl from 15th to half alley Pearl and Oak ~¥om 16th to Canal High and Pearl from 16th to 17th M~II and High from 16th to 17th Mill and High from 17th to 18th Pearl and Oak from 15th to 16th 14th and 15th from haft alley to Mill 14th and 15th from Ferry to half alley Patterson and Ferry from 16th to 17th 15th and 16th from Hilyard to Patterson 15th and 16th from Patterson to Ferry 17th and 18th ~¥om half alley to Patterson Ferry and Mill t¥om 15th to 16th Patterson and Ferry from 18th to half alley 18th and 19th from half alley to Mill Resolution ~ 3