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Resolution No. 89-29 CITY OF TIGARD, OREGON RESOLUTION NO. 89-1-�)q A RESOLUTION DIRECTING STAFF TO HAVE PREPARED A PRELIMINARY ENGINEERING REPORT REGARDING THE FEASIBILITY OF PROVIDING STREET AND UTILITY IMPROVEMENTS THROUGH THE FORMwTION OF A LOCAL IMPROVEMENT DISTRICT IN THE AREA OF TU PROPOSED PACTRUST DEVELOPMENT. WHEREAS, the City Council has received a petition stating interest in the formation of a Local Improvement District to provide street and utility improvements; and WHEREAS, the area to be Included within th3 proposed Local Improvement District is generally the properz£es .rwned by PacTrust Realty Inc. within the area bounded by Bonita Road, SW 72nd Avenue, Upper Boones Ferry Road, and Interstate Highway 5; and WHEREAS, the City Council has reviewed and accepted the preliminary evaluation report entitled 'Preliminary Evaluation Report, PacTrust LID' which was submitted by the Community Development Director, and which recommends approval. NOW THEREFORE, BE IT RESOLVED by the Tigard City Council that: Section 3: Staff is hereby directed to have prepared a Preliminary Engtneer,s Report in accordance with TMC 13.04.030(b), considering the installation of public street and utility improvements to serve the area bounded by Bonita Road, SW 72nd Avenue, Upper Boones Ferry road, and Interstate Highway 5, subject to the conditions of Section 2 of this resolution. Section 2: All costs of preparation of the preliminary engineer's report shall be borne by the petitioner, PacTrust Realty Inc. No work shall be commenced by the City until the petitioner has guaranteed paym&nt of such costs. PASSED: This a,�f'day of CL,0,gA t... Mayor - City of Tigard ATTEST: Cwt•!'-�_^..t>rtz. �,} �C�t�'2t, _ �ttyy�}R,ecorder - City of T Bard 4 APPROVED AS TO FOR_14: City Recorder. 8 0-0 _¢, Date RESOLUTY0N NO. 89- f Page 1