Ordinance No. 90-21 I
CITY OF TIGARD, OREGON
ORDINANCE NO. 90-Q,
AN ORDINANCE DETERMINING THE FINAL COST OF THE IMPROVEMENTS IN THE PACIFIC
CORPORATE CENTER LOCAL IMPROVEMENT DISTRICT, APPORTIONING THE COST AMONG THE
BENEFITED PROPERTIES, SPREADING THE ASSESSMENT, DIRECTING THE ENTRY OF
ASSESSMENTS IN THE LIEN DOCKET AND SETTING THE INTEREST RATE.
The Council finds:
1. The Pacific Corporate Center Local Improvement District was formed and the
improvements directed to be made by Ordinance No. 89-14 as amended by
Ordinance No. 89-28.
2. she improvements have been made in accordance with the final engineering
report adopted by Resolution No. 90-32. The report contains a proposed
assessment roll.
3. The total final cost is the sum of $2,244,234.11 and the assessments
against the individual properties are as set forth in the assessment roll
and the Council finds that each property is specifically benefited in the
stated amount.
4. Notice of the proposed final assessments was directed to be given by
Resolution No. 90-32.
S. Notice of the proposed assessment for each property was mailed to each
property owner on June 12, 1990. 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 June 26, 1990.
6. No property owners filed written objections.
f THE CITY OF TIGARD ORDAINS AS FOLLOWS:
Section 1: The final total cost of $2,244,234.11 shall be assessed against
the individually benefited properties as apportioned in the
attached assessment roll entitled "City of Tigard, Pacific
Corporate Center L.I.D. Final Assessment Roll" and dated June 11,
1990.
Section 2: The Finance Director shall mail 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 paymentsi such applications shall be
reviewed by the Finance Director for eligibility.
t
ORDINANCE NO. 90QL
Page 1
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 Pacific Corporate Center Local
Improvement District dated Mune 11, 1990, in the lien docket of
the City separate from other prior or subsequent assessments and
the same shall constitute a lien against each respective property
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: Dy _(IJlle�11lYY2C>t( vote of the Council members present after
being read by number and title only, this day of
of o a Mo.
Catherine Wheatley, City Recordel-
APPROVED: This day of
foeraid R. Edwards, ayor
C
f Approved as to form:
i Attorney
Batu
dj,o-fc-pcc.RW
ORDIP114NCE NO. 90—___(_
Page 2
CITY OF TIGARD
PACIFIC CORPORATE CENTER L.I.D
FINAL ASSESSMENT ROLL
June 11, 1990
Plat Lot Tax Map & Lot No. Lot Area Assessment
Lot 1 2 S1 12 AD 1000 & 1001 161,520 of. $155,660.68
Lot 2 2 S1 12 DA 800 338,156 of. 325,888.32
Lot 3 2 S1 12 DA 700 235,485 of. 226,942.19
Lot 4 2 Sl 12 DD 1600 & 2 Sl 12 DA 600 251,385 of. 242,264.78
Lot 5 2 S1 12 DA 500 & 2 S1 12 DD 1400 217,800 of. 209,898.44
Lot 6 2 SI 12 DA 400 270,072 of. 260,274.06
Lot 7 2 S1 12 DA 300 151,676 of. 146,173.27
Lost 8 2 S1 12 DA 200 206,736 of. 199,235.60
Lot 9 2 S.1 12 AD 900 495,887 of. 477,896.77
The owner of record of these parcels is: Pacific Realty Associates, L.P.
dba PacTrust
Ill S.W. Fifth Avenue, Suite 2950
Portland, OR 97204
Assessments should be directed to the attention of Richard Buono, Vice
President at the above address.
d,/exb-pcc.RW
I