Ordinance No. 87-65 A.
CITY OF TIGARD, OREGON
ORDINANCE: NO. 87-- -5
' AN ORDINANCE DETERMINING THE FINAL COST OF 7-1E IMPROVEMENTS IN THE SW 68TH
PARKWAY (STREET) IMPROVEMENT DISTRICT NO. 35; APPORTIONING THE: COST AMONG THE
BENEFITED PROPERTIES, SPREADING THE ASSESSMENT, DECLARING A DEFICIT ASSESSMENT
OR CREDIT FOR EACH PROPERTY, AND DIRECTING THE. ENTRY OF ASSESSMENTS IN THE
L'IEN DOCKET AND SETTING THE INTEREST RATE.
The Council Finds:
1. The SW 68th Parkway (Street) Improvement District No. 35 was formed and
the improvements directed to be made by Ordinance No. 83-31.
2. The improvements have been made in accordance with the final engineering
report adopted by Resolution No. 87-133. 'The report contains a proposed
assessment roll.
3. By Ordinance No. 84-44, each property within the District was
pre-assessed based on estimated project costs.
4. The total estimated pre-assessment cost was the sum of $403,785.00 The
tGtai
final cost .,, the of C191,229.62 and the asseq-110._s aelainst
the individualproperties are as set forth in the assessment roll and the
Council finds that each property is specifically benefited in the stated
amount. The difference between the estimated cost and the final cost has
resulted in a deficit assessment or credit for each property.
t 5. Notice of the proposed final assessments was directed to be given by
Resolution No. 87-133.
6. Individual mailed notice of the proposed assessment for each property was
mailed to each property owner on November 2, 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 November 23, 1987.
7. Two property owners filed written objections. The Council considerer)
these objections.
THE CIT`.' OF TIGARD ORDAINS AS FOLLOWS:
Section is The final total cost of $491,229.62 shall be assessed against
the individually benefited properties as apportioned in the attached
assessment roll entitled Final Assessment Roll for SW 68th Parkway (Street)
LocalImprovementDistrict No. 35 and dated October 26, 1987.
Section 2: The Finance Director shall mail an Assessment Notice to each
property owner and the notice shall state the amount of the assessment. In
the case of deficit assessments, 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 f-r eligibility. In the case of a credit, a rebate shall be given to
all property owners who paid the pre-assessment in full,
ORDINANCE No. 87-�.z5
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 SW 68th Parkway (Street) Local Improvement District
No. 35 dated October 26, 1987, 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: By nen; '0r .__ vote of all Council members present
after being read by number- and title only, this T day
of _ 1 � �r,, - 1987.
�Loreen R. Wilson, City Recorder
APPROVED: Th i s2r�"' day of Cp 1907,
Thomas iM. Brian, (Mayor
Approved as to form:
Ci y ttorney
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Date
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ORDINANCE NO. 87-
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