Ordinance No. 91-16 CITY OF TIGARD, OREGON
ORDINANCE NO. 91- 1 <irl
AN ORDINANCE DETERMINING THE FINAL COST OF THE IMPROVEMENTS IN THE
LINCOLN STREET AND LOCUST STREET 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 Lincoln Street and Locust Street Local Improvement District was
formed and the improvements directed to be made by Ordinance No.
89-31.
2 . The improvements have been made in accordance with the final
engineering report adopted by Resolution No. 91-34. The report
contains a proposed assessment roll.
3. The total final cost is the sum of $405,369.62 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. 91-34.
5. Notice of the proposed assessment for each property was mailed to
each property owner on June 12, 1991. 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 25, 1991.
6.. No property owners filed written objections.
THE CITY OF TIGARD ORDAINS AS FOLLOWS:
Section 1: The final total cost of $405,369.62 shall be assessed
against the individually benefited properties as
apportioned in the attached assessment roll entitled
"City of Tigard, Lincoln Street and Locust Street L.I.D.
Final Assessment Roll" and dated June 11, 1991.
Section 2: The Finance Directcr 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
payments; such applications shall be reviewed by the
Finance Director for eligibility.
(� ORDINANCE NO. 91- 1
Page 1
i
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f Section 3: The Finance Director is directed to enter each benefited
° property and the amount of the assessment
against
property as shown on the Final AssessmentRoll for
Lincoln Street and Locust Street Local Improvement
District dated dune 11, 1991, in the lien docket he
City separate from other prior or subsequent assessments
and the sante shall
respective property aconstitute a lien against each
nd bear the interest rate of the I
net effective interest rate of the bond at the time of
the bond sale plus a two percent charge until paid.
PASSED: By vote of the Council members
after being read by number and title only, this resent
day of r.t. 1991.
v ,
Catherine Wheatley, Citye-corder
APPROVED: 1 -;�j
This day of=Edwards,
,991.
Mayor
Approved as to form:
�� Attorne
Date
aJ/o-is&1s.Wi,
ORDINANCE NO. 91-
Page 2
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