HomeMy WebLinkAboutResolution No. 4984COUNCIL RESOLUTION NO. 4984
A RESOLUTION FORMING A LOCAL IMPROVEMENT
DISTRICT (LID) FOR PAVING, CONSTRUCTING
CURBS, SIDEWALKS, MEDIANS, STREET.. LIGHTS,
STORMWATER DRAINAGE AND WATER QUALITY
FACILITIES ON CREST DRIVE FROM BLANTON ROAD
TO. LINCOLN STREET, STOREY BOULEVARD FROM
CREST DRIVE TO LORANE HIGHWAY, AND FRIENDLY
STREET FROM LORANE HIGHWAY TO 28 AVENUE.
(JOB #4546)
PASSED: 7:1
REJECTED:
OPPOSED: Clark
ABSENT:
CONSIDERED: June 22, 2009
RESOLUTION NO. 4984
A RESOLUTION FORMING A LOCAL IMPROVEMENT DISTRICT
(LID) FOR PAVING, CONSTRUCTING CURBS, SIDEWALKS,
MEDIANS, STREET LIGHTS, STORMWATER DRAINAGE AND
'DATER QUALITY FACILITIES ON CREST DRIVE FROM BLANTON
ROAD TO LINCOLN STREET, STOREY BOULEVARD FROM CREST
DRIVE TO LORANE HIGHWAY, AND FRIENDLY STREET FROM
LORANE HIGHWAY TO 28TH AVENUE. (JOB #4546)
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EUGENE, a
Municipal 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 conducting a public hearing on May 28, 2009, receiving
the hearings officer's minutes, findings, and recommendations, and, in accordance with EC
7.166(2), continuing the public hearing before the City Council on June 15, 2009, 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 on Crest Drive from Blanton Road to Lincoln Street, Storey Boulevard from Crest
Drive to Lorane Highway, and Friendly Street from Lorane Highway to 28 Avenue.
Section 2. The City Council hereby orders the establishment of a local improvement
district on Crest Drive from Blanton Road to Lincoln Street, Storey Boulevard from Crest Drive
to Lorane Highway, and Friendly Street from Lorane Highway to 28 Avenue and in that district
to pave, construct curbs, sidewalks, medians, street lights, stormwater drainage and water quality
facilities and 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 7.174 and whatever other special costs, such as acquisition of interests in
real property, that are necessary - to make the Improvements. Upon completion of the
Improvements, the final costs therefore will be calculated and the owners of the benefitted
property shall be notified and the property assessed as provided in EC 7.185 to 7.240. The
assessments to be levied for the 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 $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 temporary 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.
Resolution - Page 1 of 2
Section' 5. The City of Eugene, Oregon expects to make expenditures from its available
funds to initially pay for the costs of the improvements to Crest Drive from Blanton Road to
Lincoln Street, Storey Boulevard from Crest Drive to Lorane Highway, and Friendly Street from
Lorane Highway to 28 Avenue (the "Project "). The City reasonably expects, and hereby
declares its intent, 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 funds for the Project. The City expects that the principal amount of the
Reimbursement Bonds will not exceed the total project cost of $3,791,37.34. The
Reimbursement Bonds are secured by and payable from the installments of final assessments
established in accordance with Section 3 of this Resolution.
Section 6. Lines of credit and other evidence of indebtedness authorized by City Council
Resolution No. 4937 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 Special Assessments Capital Projects 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. 4937, 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 foregoing Resolution adopted the 22nd day of June, 2009.
Deput Cit Recor
Resolution - Page 2 of 2