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Resolution No. 89-12 CITY OF TIGARD, OREGON RESOLUTION NO. A RESOLUTION ESTABLISHING^ A POLICY FOR SINGLE OWNER LOCAL IMPROVEMENT DISTRICTS WHEREAS, the City receives, from time to time, requests to form a local improVO-ant district in which there would be only one property owner involved; and WHEREAS, the City wishes to clarify the conditions under which they would be receptive to tt.a_ formation of a single owner local hv.provement district; and WHEREAS, the Cit;; Council discussed its proposed policy at its raetings of December 12, 1988 and January 13, 1989, and directed staff to draft a written policy statement formalizing the oral decision of the Council. NOW, THEREFORE, BE IT RESOLVED by the Tigard City Council that the City will consider requests for the formation of local improvement districts in which only a single property owner is involved; BE IT FURTHER RESOLVED that such requests will be considered on a case-by-case busis, as an exception to normal City policy, and only under the conditions described below as a inl u . Section 1: The property is zoned and proposed to be used for industrial, commercial or office development; Section 2: The applicant demonstrates the "Public Purpose" involved, which may include the creation, of jobs in the co-mmunity. Section 3: The applicant demonstrates that the rzk to the City government or the general taxpayer is minimized. As a guideline, the City Council will request the following: a. That the applicant provide an appraisal of the property affected, such appraisal being done by an appraiser acceptable to the City Administrator; b. That the amount to be assessed against the property not exceed 25% of the appraised value of the land only, excluding any improvements to the property; C. That financial documents be provided as required to the City Administrator which can demonstrate that the property owner has financial ability to pay the assessments levied on the property. Cf PASSED: This �_ day of 1 Mayor - City of Tigard ATTEST: Ivi Deputy Recorder -- City of Tigard kef8754D/0025D RESOLUTION ATO. 84- L2 Page 1