RESOLUTION NO. 2003-31

A RESOLUTION LEVYING SPECIAL BENEFIT ASSESSMENTS IN THE AMOUNT OF $60,606.29 FOR THE CENTRAL AVENUE LOCAL IMPROVEMENT DISTRICT FOR IMPROVEMENTS FOR PAVING, CURBS, GUTTERS, STORM DRAINS AND SIDEWALKS ON CENTRAL AVENUE FROM ITS EXISTING TERMINUS EAST OF HELMAN STREET TO WATER STREET, FOR THE CENTRAL AVENUE LOCAL IMPROVEMENT DISTRICT

THE CITY OF ASHLAND RESOLVES AS FOLLOWS:

RECITALS:

A. The City of Ashland has constructed curbs, gutters, storm drain, sidewalk, and paving in the Central Avenue Local Improvement District during 2000-2001.

B. The total cost for these improvements is in the amount of $73,635.29. The City assumed responsibility for extensive rebuilding of a section of the street outside the LID area and for 200 feet of storm drain line totaling $27,529.00 leaving the total to be assessed to the District at $60,606.29.

C. The total assessment in this district is a reasonable assessment and the assessment charged against the sole lot is according to the special and peculiar benefits accruing to it from the improvements. The council finds that the evidence presented by Paula C. Brown, Public Works Director, in the Council Communication of August 16, 2003, is convincing and accepts such evidence as the basis to support the conclusions recited above.

D. Special benefit assessments should now be levied against properties benefitted to defray the expense thereof.

THE CITY OF ASHLAND RESOLVES AS FOLLOWS:

SECTION 1. The amount of the assessment to be charged against the sole lot within the local improvement district according to the special and peculiar benefits accruing to this lot for these improvements are set forth as follows:

MAP NO.: 391E9BB
TAX LOT: 400
OWNERSHIP:  Westridge Investments LLC, 202 E. Trent Avenue, Ste 400, Spokane, WA 99202
DESCRIPTION: Parcel #2 Partition Plat #P-91-1996
UNITS: 1
COST PER UNITS: $60,606.29
TOTAL: $60,606.29

SECTION 2. Any owner of property assessed for $100.00 or more may request the payment be extended in the manner and under the provisions of the Bancroft Bonding Act, if the request is made within thirty days after notice of the assessment is received.

SECTION 3. All assessments using the Bancroft Bonding Act are required to pay in 20 semi-annual (twice a year) installments together with interest. Interest charged will be the actual bond sale rate plus 1.5 percent, with a maximum of 10 percent. The initial interest to be charged is 6.75 percent.

SECTION 4. Classification of the assessment. The assessments specified in sections 1 of this resolution are classified as not subject to the limits of Section 11b of Article XI of the Oregon Constitution.

This resolution was read by title only in accordance with Ashland Municipal Code Section 2.04.090 duly

PASSED and ADOPTED this ______day of ______, 2003:
Barbara Christensen, City Recorder

SIGNED and APPROVED this ______day of ______, 2003:
Alan W. DeBoer, Mayor

Reviewed as to form:
Paul Nolte, City Attorney