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- ORDINANCE N0. 1562
°AN ORDINANCE AUTHORIZING AND ORDERING THE CONSTRUCTION OF A WATER SYSTEM
ALONG PITTVIEW AVENUE WITHIN THE CITY OF CENTRAL POINT, OREGON, ASSESSING
` THE COSTS AGAINST THE PROPERTIES BENEFITTED BY SUCH IMPROVEMENTS AND
' _ PROVIDING. THAT WARRANTS .ISSUED FOR THE COST THEREOF BE GENERAL OBLIGATIONS
OF THE CITY OF CENTRAL POINT, OREGON, AND DECLARING AN EMERGENCY
WHEREAS, the City Council has heretofore by Ordinance No. 1551 declared
its intention to authorize the improvements herein described in accordance
with plans and specifications now on file with the Office of the City Adminis-
trator, and to assess each lot or portion thereof adjacent to and benefitted
by such improvements its proportionate share of the cost thereof as provided
by applicable law; and
WHEREAS, notice of such intention has been given and published as re-
quired by laws of the State of Oregon, and the public hearing was held there-
after in accordance with such notice; and after hearing all testimony, whether
for or against such improvements or assessment of the cost thereof to the
adjacent benefitted properties, it appears to the. City Council that such
improvement is of material benefit to the City and that all property to be
assessed will be benefitted to the extent of the probable value of the respec-
tive assessments to be levied for the cost thereof; now, therefore,
THE PEOPLE OF THE CITY OF CENTRAL POINT DO ORDAIN AS FOLLOWS:
~. Section 1. It is hereby ordered that a water system be constructed along
the"entire length of Pittview Avenue within the City of Central Point, Oregon,
in accordance with the plans and specifications now on file in the Office of
the City A'daiinistrator, and that the cost thereof be assessed against each lot
or portion thereof adjacent to and benefitted by such improvements in propor-
tionate share, as provided by the Charter of the City of Central Point and the
laws'. of the State of Oregon.
ORDINANCE N0. 1562 -Page 1
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Section 2. Authority is hereby given to the Finance Director to issue
warrants to pay for the construction of the improvements above described.
Such; warrants shall bear interest at, a rate not to exceed twelve (12) percent
per annum and shall constitute general obligations of the City of Central
Point; Oregon, with the terms and conditions of said warrants to be as pro-
vided by Oregon Revised Statutes, Section 287.502 through 287.515.
Section 3. This ordinance being necessary for the immediate preservation
of the public peace, health and safety of the City of Central Point, Oregon,
based upon the need to provide an adequate water system to the residents of
along and adjacent to Pittview Avenue, and in order to secure financing in a
timely manner, second reading is waived and an emergency is hereby declared to
exist.
Passed by the Council and signed by me in authentication of its passage
this 20th day of Februar
]:986.
Mayor
ATTEST:
City Represent tive
Approved by me this. ZOth day of February
198:6.
Mayor
ORDINANCE N0. 1562 -Page 2