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Ordinance No. 86-29 CITY OF TIGARD, OREGON ORDINANCE NO, 86-•�.L_ AN ORDINANCE OF THE TIGARD CITY COUNCIL AMENDING ORDINANCE N0. 85-47 (HALL/BLJRNHAM LID-PHASE 111), WHEREAS, the Tigard City Council adopted Ordinance No. 85--47 on Dec. 16, 1985, forming -.iLocal Improvement District to construct half-street improvements to ® SW Holli Bur nhain Blvd; and ® WHEREAS, the total cost estimate in the Ordinance was given as $1.79,000 for said improvements, and the assessable costs were estimated to be $179,000; and WHEREAS, the City of Tigard desires to contribute the sum of $40,000 for work in excess of that required for the District itself, said amount to be derived from the revenues of the City's Street System Development Fund, and said amount to be in addition to the assessment against the City as a benefited land owner, within said improvement district. THE CITY OF TIGARD ORDAINS AS FOLLOWS: Section 1: Section 4 of Ordinance No. 85-47 shall be amended to read as follows: Section 4: That all lands situated within the boundaries described on the attached Exhibit "B", excluding Tax Map 2S1-2DA, Tax Lot ,#200, are determined and ' declared to be a street improvement assessmQnt district, and it is further declared that: each lot, part of lot and parcel of land wlGl it i saki - -- - boundaries will be especially benefitted by said improvements, and that the estimated cosh is _ $179,000 for said improvements, the assessable costs are estimated to be $139,000 which shall be assessed in full, according to benefit on a front footage and area basis, against all lands within said improvement district. The City of Tigard shall contribute the Burn of $40,000 toward the cost of the project. Said amount shall be derived from the City Street System Development Fund, and shall be in addition to the assessment against the City as a benefitted land owner within said improvement district. Section 2: That inasmuch as it is necessary for the peace, health, and safety of the people of the City of Tigard that the said improvements be constructed with the least possible delay, an emergency is hereby declared to exist, and this ordinance shall ! become effective upon its passage by the Council and signature by the Mayor. ORDINANCE N0. 86- Paae i PASSED: By Ung-ki;rnb ks vote of all Council members present after being read by number and title only, this day of 1986. Vi.c:,acn R. Wilson, Deputy Recorder APPROVED: This day of F CA y9Ah: �a v w nn L. Cook, Mayor t t% DR:bs5 S app{ t ORDINAMCE NO. 86— Page 2