HomeMy WebLinkAboutReso 82-238 - Expressing preliminary intent to form assessment district and conduct special assessment proceedings - Sunset Terrace Unit No. 7 Assessment District No. 1982-11RESOLUTION NO. ,� '-2-�3E
RESOLUTION EXPRESSING PRELIMINARY INTENT TO FORM
ASSESSMENT DISTRICT AND CONDUCT SPECIAL ASSESSMENT PROCEEDINGS
Sunset Terrace Unit No. 7 Assessment District No. 1982-11
The City Council of the City of Redding resolves:
Buffum & Associates, a California corporation ("the developer")
is to undertake the construction of the following described public
improvements:
Public street improvements, water system improvements,
sanitary sewer and storm drain improvements, and under-
ground utilities to serve Lots 1 through 17 of Sunset
Terrace Unit 7, together with all appurtenant work
and improvements.
The developer has proposed to this Council that the City Council
undertake special assessment proceedings to acquire these public improve-
ments after their completion, the cost of the acquisition to be assessed
on property of the developer benefiting from the improvements.
The City Council accepts this proposal in principle, subject
to the following conditions:
1. That the special assessment proceedings shall be taken under
the Municipal Improvement Act of 1913, with improvement bonds to be issued
under the Improvement Bond Act of 1915.
2. That the described improvement shall be certified by the
Director of Public Works as complete and ready for acceptance before the
adoption of the Resolution of Intention.
3. That the developer shall submit evidence satisfactory to this
Council that the costs proposed to be assessed shall have been actually
incurred and paid, and that the land proposed to be assessed shall be
free of mechanics' liens resulting from the construction of the improve-
ments.
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4. A written commitment for purchase of the 1915 Act bonds
in a form and on terms satisfactory to the Director of Finance of the
City of Redding and bond counsel shall be submitted to the City.
5. The final subdivision map for said subdivision shall be
recorded with the County Recorder of the County of Shasta.
6. Information will be submitted to the Director of Finance as
required to demonstrate to the satisfaction of said Director of Finance
that the amount of the assessment to be imposed on any of the lots does
not exceed one-third of the estimated fair market value -of such lots
following installation of the improvements to be acquired by said assess-
ment proceedings.
This resolution shall in no way constitute a guarantee or
assurance that the special assessment proceedings will be completed, the
City Council being without jurisdiction to assure the levy of special
assessments until conducting a public hearing as required by the Municipal
Improvement Act of 1913.
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I HEREBY CERTIFY that the foregoing resolution was duly and
regularly adopted by the City Council of the City of Redding,
Shasta County, California, at a regular meeting thereof, held on the
20th day of December, 1982.
AYES: Councilmembers Demsher, Fulton, Pugh, and Gard
NOES: Councilmembers Non
ABSENT: Councilmembers Kirkpatrick
ETHEL A. NICHOLS, City Clerk,
City of Redding, Shasta County,
California
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