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Home My WebLink AboutCouncil Resolution 1073RESOLUTION NO. ~~ ~' ~ A RESOLUTION ORDERING CONSTRUCTION OF IMPROVEMENT1 S "1,0 SNOWY BUTTE LANE FROM 'I~IMO'I'HY STREET `I'O BE.AI,I.. LANI; I`OR ROAD WIDENING AND PAVING AND AUTHORI7ING THE CITY TO BORROW MONEY AND ISSUE AND SELL NOTES FOR THE PURPOSE OF PROVIDING INTERIM FINANCING FOR THE COST OF rl'I-IE LOCAL IMPROVEMENT WHEREAS, The City Council approved Resolution px~x~set public hearings on July 14 and August 25 to consider objections and other representations made by owners, and heard and considered all other relevant information presented; and, WHEREAS, The City Council has declared the formation of a local improvement district to widen and pave Snowy Butte Lane from Timothy Street to Beall Lane in, Central Paint, Oregon; and, WHEREAS, the notice of such intention was duly given, a public hearing was held and it appears to the Council that such improvements would be of benefit to the city and all properties to be assessed. NOW, THEREFORE; THE CITY COUNCIL OF THE CITY OF CENTRAL POINT HEREBY RESOLVES AS FOLLOWS: SECTION 1. A local improvement district is hereby created and shall consist of all the tax lots described in the Section $ as the assessment area of the Snowy Butte Lane Improvement from Timothy Street to Beall Lane. The district shall be called Snowy Butte Lane Improvement Area, from Timothy Street to Beall Lane. SECTION 2. The improvements shall consist of widening and paving Snowy Butte Lane from Timothy Street to Beall Lane. Additional improvements will include the installation of a new storm drain line, re-building a portion of a sewer line and moving utilities out of the right~of way. The estimated cost per lot created is $7,500 or $460,000 for the entire project. A discount of 50% is allowed for the following legal tax lots 37 2W lODD Tax Lots 2500 and 2600 and 37 2W 10 DA Tax Lot 6200. SECTION 3. The City of Central Point is authorized to borrow money and issue anal sell notes for the purpose of providing interim financing for the actual cost of the local improvement. The notes may be payable from the proceeds of any bonds, issuance of additional notes or from any other sources from which the bonds are payable. This borrowing shall be issued according to the terms of ORS 223.235(7}. SECTION ~. The City of Central Point expects to make expenditures Exam its available funds to pay for the costs of the improvement project. The City reasonably expects 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 it makes from its available funds far the improvement project To permit interest on the Reimbursement Bands to be excludable from gross income, the internal Revenue Cade of the United States requires that the City declare its intent to reimburse itself from Reirmbursement Band proceeds within 60 days after the expenditures are made. The City expects that the principal amount of the Reimbursement Bonds will not exceed $460,000. SECTION 5. The assessment imposed upon benefited properties will be characterized as an assessment for local improvement pursuant to ORS 305.583{4) and Central Point Municipal Cade 11.04. SECTION b. The Finance Director is directed to prepare the final assessment for the respective lots within the local improvement district and file it in the lien records of the city, upon completion of the worlf . SECTION 7. This resolu#ion takes effect upon signing by the Mayor. SECTION 8. The following is a list of all properties in the improvement area, including assessor's map description, owner, address, size of property in acres, and the es#imated assessment for each property if the assessment is calculated on the basis of acreage. MAPLOT FEEOWNER ADDRESS1 ACREAGE Estimate 372W10DA6200 DECKER MILTON A 3366 SNOWY BUTTE LN 0.34 $3,333.37 372W10DB9440 CLARK DALE F 3365 SNOWY BUTTE LN 0.22 $7,500.00 372W10DB9401 CLARK DALE 1= 3365 SNOWY BUTTE LN 0.16 $7,500.00 372W10DB9402 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.00 372W10DB9403 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.40 372W10DB9100 CLARK DALE F 3365 SNOWY BUTTE LN 025 $7,500.00 372W10DA6300 HARRlS STAN 3364 SNOWY BUTTE LN 0.97 $37,500.00 372W10DB9407 CLARK DALE F 3365 SNOWY BUTTE LN 4.14 $7,500A0 372W10D69408 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.00 372W10DB9409 CLARK DALE 1= 3365 SNOWY BUTTE LN 0.15 $7,500.00 372W10DB9418 CLARK DALE F 3365 SNOWY BUTTE LN 0.15 $7,500,00 372W10DB9404 CLARK DALE F 3365 SNOWY BUTTE LN 0.19 $7,500.00 372W10DB9405 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.00 372W10DB9406 CLARK DALE F 3365 SNOWY BUTTE LN 0,14 $7,540.fl0 372W10DA6400 CLARK DALE F 3365 SNOWY BUTTE LN 0.97 $30,000.00 372W10DB9414 CLARK DALE F 3365 SNOWY BUTTE LN 0.22 $7,500.00 372W10DB9412 CLARK DALE 1= 3365 SNOWY BUTTE LN 0.20 $7,500.00 372W10DB9411 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.00 372W10DB9410 CLARK DALE F 3365 SNOWY BUTTE LN 0.15 $7,500.00 372W10DB9413 CLARK DALE F 3365 SNOWY BUTTE LN 0.15 $7,500.00 372W10DA6500 COMSTOCK MYLES R 3328 SNOWY BUTTE RD 1.13 $52,500.00 372W10DB9415 CLARK DALE F 3365 SNOWY BUTTE LN 0.14 $7,500.00 372W10DB9200 SNYDER JENNIFERIBELOVlTCH R 3303 SNOWY BUTTE LN 0.16 $7,500.00 372W10D69416 CLARK DALE F 3365 SNOWY BUTTE LN 0.20 $7,500.D0 372W10D69417 CLARK DALE F 3365 SNOWY BUTTE LN 0.20 $0.00 Park 372W10DB9300 CHANCELLOR MATTHEW A/CHANCE 3275 SNOWY BUTTE LANE 0.96 $30,000.00 372W10DA6600 SNOOK STANLEY LIGWEN 3286 SNOWY BUTTE LN 0.74 $37,500.00 312Vti'"ODC200 CLP,1,I< [~Al ~ F ' ;~~5 5N0~,^JY E3U`I P 1 t_N ~ 0-"t~ ~ ~l r>~0 00 372W1GDD2IC0 -- Mlt_LER ~-~NYF1 ;~ _ - :,,_t~8 SNOWY 13111 ([- LN M 0.9i ~37,,~Cii_; 00 372W1 ~DC,1Ut~ ~ GROU ~~ PAUL 1 l/? fad hLI.I.~ ~~ ~ 1 ~. $4a Oi~C.OCJ ~72W1~DC i~Jd - P_OWE 3RIA~~ D/l ORI I_ - - - _ -- ~ l ICAO [3i 111..1- LN ~ ~ GF~~ ~22,~UO J0 ~ 3?~~Iv10DD~600 PIGO s T UOVAL_~ P)lJP=.n~1f .T-1-f f. _ _ ~ _ 32 0 SNO'JVY 131J1 I [= I_N _ r: ~ i ,, ~,~ ; ~ ~ ;;-~ ~72b^J10L71~250~ Pv1EN~F"EC M~K[- 1 i3~; t~I A(_C I_N ~ ~ :; ~~~i t `±~3 3~3 :s7 }~~ttiSCCi ~~~ ~~~' ~Ullrlel~ and `v`1~?11C:(~ ~1~ I21~'. 1T~ '<llll~l~'II~IC~ItIC)Il C7~TfiS h<lti~~i~'t~ ~~ll.`~ Clit~' O~ !~1;;?1151~ Mav~~r I l.Ir~lti 1'~!i~}i<~i>>s ~T~1~I~T: City 1Z~co,~~lt~r Approved h~ ~»c t}iis day of r~ti~~u~t, ?(}O5. 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