HomeMy WebLinkAbout171 - 11/03/1987 - ASSESSING THE COST OF IMPROVEMENTS IN THE GREENBRIAR SPECIAL IMPROVEMENT DISTRICT NO. 87 ORDINANCE NO. 171 , 1987
OF THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO
BEING AN ORDINANCE ASSESSING THE COST OF
IMPROVEMENTS IN THE GREENBRIAR
SPECIAL IMPROVEMENT DISTRICT NO. 87,
IN THE CITY OF FORT COLLINS , COLORADO
AND PROVIDING FOR THE PAYMENT AND COLLECTION THEREOF
WHEREAS, on November 19 , 1985 , the City Council ( the
"Council" ) of the City of Fort Collins , Colorado ( the "City" )
passed and adopted on final reading Ordinance No. 139 , 1985 of
the City, being an ordinance (the "Creation Ordinance" ) creating
the Greenbriar Special Improvement District No . 87 ( the
"District" ) , for the purpose of acquiring, constructing and
installing street, water line, sanitary sewer line, and storm
drainage improvements ( the " Improvements" ) in the City, all
pursuant to Chapter 22 of the Code of the City; and
WHEREAS , pursuant to the Creation Ordinance and the District
Engineering Report on file with the City Clerk of the City, the
Improvements have been fully acquired , constructed and
installed; and
WHEREAS , on September 15 , 1987 , the Council adopted
Resolution No. 87-128 , accepting the Improvements , receiving and
accepting the Statement of Cost of Improvements and the District
Assessment Roll prepared by the Director of Finance of the City
and ordering notice of the proposed assessments to be published
as provided in §22-88 of the Code of the City; and
WHEREAS , said notice was duly published as provided in
Resolution No. 87-128 and the date of October 20, 1987 was set
for the hearing of complaints or objections to the proposed
district Assessment Roll ; and
WHEREAS, on October 20 , 1987 , the Council held a public
hearing for the purpose of hearing and determining any complaints
or objections made in writing by any owner of property to be
assessed for the Improvements , which complaint or objection was
filed in the office of the City Clerk within thirty ( 30) days
from the publication of the notice of the proposed assessments;
and
WHEREAS, all complaints or objections duly made and filed by
such property owners to the Council have been heard and
considered by the Council .
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS, COLORADO:
Section 1 . That the total cost of the Improvements,
including the cost of construction, engineering , acquisition of
existing improvements and rights-of-way, interest accruing on
bonds issued to pay the cost of improvements up to the date when
such costs will be assessed, legal fees , publication, administ-
ration, financing and other incidentals incurred in connection
with the Improvements (but excluding the 2% cost of collection
which will be added to each annual assessment by the County
Treasurer at the time such assessment is due) is $2 , 296 , 078 . 99 .
The amount or proportion of the total cost of the Improvements to
be paid by other than special assessments is $656 , 078 . 99 . The
balance of the total cost in the District , 1 , 640 , 000 . 00 , is
hereby assessed upon the real property in the District in
accordance with the resolutions and ordinances pertaining to the
District adopted by the Council and the provisions of Chapter 16
of the Code of the City. The proportion of the total District
cost to be assessed upon each lot or tract of land in the
District shall be as set forth on Exhibit "A" attached hereto and
incorporated herein by reference.
Section 2 . All assessments made herein shall be due and
payable within thirty ( 30 ) days after the final publication of
this ordinance , without demand , provided that all such
assessments may, at the election of the owners of the property
assessed, be paid in 13 equal principal installments , the
first installment being due on the 1st day of January
19 8$ and on the 1st day of January each year
thereafter until the full amount thereof has been paid, together
with interest on the unpaid principal at the rate of eight percent
( 8 %) per annum, said interest to be payable at the time of
the principal payments .
Section 3 . In the case of such election to pay in
installments as set forth herein, the failure to pay any
installment , whether of principal or interest, when due shall
cause the entire remaining principal balance and accrued interest
thereon to become due and collectible immediately and the entire
remaining principal balance and accrued interest thereon shall
thereafter draw interest at the rate of one percent ( 1%) per
month or fraction of a month until the day of sale of the
property as provided in Chapter 22 of the City Code. At any time
prior to the day of sale, the owner may pay the amount of all
unpaid installments with interest at one percent ( 1%) per month
or fraction thereof and all penalties accrued and shall be
restored to the right thereafter to pay in installments in the
same manner as if default had not occurred.
Section 4 . All assessments made herein, together with all
interest thereon and penalties for default in payment thereof ,
shall be a lien in the several amounts assessed against each
property from the date of the publication of the assessing
ordinance and shall be a first and prior lien over all other
liens except general taxes in the same manner as general taxes
now provided by law.
Section 5 . All complaints or objections duly made in
writing and filed with the City as provided in Chapter 22 of the
City Code have been heard and considered by the Council and the
Council hereby finds and determines that the assessments made
herein are equitable and proper .
2
Section 6 . All actions , legal or equitable, for relief
against the assessments made herein , whether based upon
irregularities, jurisdictional defects or other grounds, shall be
commenced within thirty ( 30) days after the final passage of this
ordinance or else be thereafter perpetually barred.
Section 7 . All action (not inconsistent with the provisions
of this ordinance) heretofore taken by the City or its officers
directed toward the acceptance of District Improvements, the
presentation and filing of the Statement of District Costs and
the District Assessment Roll , and the ordering of Notice to
property owners to be assessed and to persons interested
generally is hereby ratified , approved and confirmed.
Introduced, considered favorably on first reading, and
ordered published this 20thday of October , 1987 , and to be
presented for final passage on the 3rd day of November , 1987 .
a r ,
ATTEST:
1Jl
Cityy Clerk *
Passed and adopted on second reading this 3rd day of
November 1987.
ATTEST:
City Clerk Qs
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