Ordinance No. 87-07 ._.__..__.
J
CITY OF TIGARD, OREGON
( ORDINANCE NO, 87-��
AN ORDINANCE DETERMINING THE FINAL COST OF THE IMPROVEMENT'S IN THE
HALL/BURNHAM (STREET) IMPROVEMENT DISTRICT; APPORTIONING THE COST AMONG 'THE
BENEFITED PROPERTIES, SPREADING THE ASSESSMENT AND DIRECTING THE: ENTRY OF
ASSESSMENTS IN THE LIEN DOCKET AND SETTING THE INTERE=ST RATE.
The Council Finds:
1. The Hall/Burnham (Street) Improvement District was formed and the
improvements directed to be made by Ordinance No. 85-47, as amended by
Ordinance No. 86--29.
2. The improvements have been made in accordance with the final engineering
report adopted by Resolution No. 87•-18. The report contains a proposed
assessment roll.
3. Notice of the proposed assessments was directed to be given by
Resolution No. 87-18.
4. Individual mailed notice of the proposed assessment for each property was
mailed to each property owner on February 10, 1987. The notice advised
the property owner of the opportunity to object in writing to the proposed
assessment and that written objections would be considered at a public
hearing. The public hearing was held on February 23, 1987.
5. No property owners filed written objections. The Council
considered these objections.
6. The total final cost is the sum of $186,114.94 and the assessments against
individual properties are as set forth in the assessment roll and that
each property is specifically benefited in the stated amount,
THE CITY OF TIGARD ORDAINS AS FOLLOWS:
Section 1: The final total cost of $186,114.94, less $40,000.00 contributed
from City Street System Development Fund, shall be assessed against the
individually benefited properties as apportioned in the attached assessment
roll entitled Final Assessment Roll for Hall/Burnham (Street) Improvement
District and dated February 23, 1987.
Section 2: The Finance Directorshallmail an Assessment Notice to each
property owner and the notice shall state the amount of the assessment which
is due immediately and that applications may be made to make installment
payments. Such applications shall be reviewed by the Finance Director for
eligibility.
y
ORDINANCE NO. ,87- Q`7
Pacie i
Section 3: The Finance Director is directed to enter each benefited property
and the amount of the assessment against the property as shown on the Final
Assessment Roll for Hall/Burnham (Street) Improvement District dated February
1907, In 11he14-n du—keet cf th^ City 5(-par ate from other prior or
subsequent assessments and the same sk--11 constitute a llwi, cty.4Aisb. wuAch
respective pruperty and bear the interest rate of the net effective interest
rate of the bond at the time of the bond sale plus a two percent charge until
paid.
PASSED: By unanimous vote of all Council members present after
being read by number and title only, this 23rd - day
of Febx'uaLry , 1987.
Ear'errs-R--W#�aen--�g�y-Re��er
Catherine Wheatley, Deputy Recorder
APPROVED: This 23rd day of February^�, 1987.
/ Thomas M. Brian, Mayor
RRW:cn/0638W
f
az ORDINANICE NO. 87—
Page 2
J. Pfabruary 23, 1987
Final,'Assessment Roll for Hall/Burnham (Street) Improvement District '
the f. nod .0issients were based upon the. total project cost and were assessed
/ wa�aasans� IMIrprvPPtx paaea on squA $ �ea and front l iota c. 10t_l
project
wasdiuidad.egUaiI_y
agalnsti 4he urea grid.the front; footage. The total
1pact cost 4tsessed against the p�. . ` ries was reduced - by $40,0000 The
40;OOO credit carpe from the City"'of Tigard system development charge; These
rsonies were allocated to this project;og+:GNtiy or T igarw -dPulnance P�unwv.. GU_
29. TWO of:the property owners, the City of Tigard (Tax Lot 401) and Tigard
Christian Church (Tax Lot 701) elected to have their payment for right-of-way
acquisition credited against their final assess„ nt. The final assessment are
shown in Table 2a. The assessments are shown both as gross assessments and
net assessments, which have the right-of-way purchase credited against the f
assessment.
TABLE 2a. OWNERSHIP AND FINAL ASSESSMENTS
Assessed Area in Front Final
Tax Lot Owner Value LID ac` Footage Assessment
410 Richard N. Sturgis $286,000 0.7 162 $ 19,079.63
401 City of Tigard 555,200* 2.8 674 77,832.05
► 702 Richard N. and
Francis C. Sturgis 76,600 0.9 140 20,555.81
(` 701 Tigard Christian Church 700,000** 0.9 279 28,647.45
TOTAL 5.3 1,255 $146,114.94
*Tax tots 700 and 401 were combined in 1985: Estimated value of Tax !ct 700
is $15,200; 1984 purchase price for Tax Lot 401 was $540,000 (appraised at
$478,000 in 1984).
**Appraised value from church's financial officer.
The final assessments shown in Table 2b, adjusted for credits for right-of-way
purchase, would be reduced to the following amounts:
TABLE 2b NET FINAL ASSESSMENTS F
Net
Tax Lot Owner Assessment Credit Assessment
400 Richard N. Sturgis $ 19,079.63 none $ 19,079.63
401 City of Tigard 77,832.05 $11,139.00 66,693.05
702 Ricnard N. and
Francis C. Sturgis 20,555.81 none ' 20,555.81
701 Tlyard Christian Church 28,647.45 8,208.00 20,439.45
TOTAL FOR HALF-STREET $146,114.94 $19,347.00 $126,767.94
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