HomeMy WebLinkAbout100 - 08/16/1988 - AMENDING ORDINANCE NO. 006, 1988 WHICH ASSESSED THE COST OF IMPROVEMENTS IN THE PROVINCETOWNE/PORTNE ORDINANCE NO. 100 , 1988
AMENDING ORDINANCE NO. 6, 1988
WHICH ORDINANCE ASSESSED THE COST OF IMPROVEMENTS
IN THE PROVINCETOWNE/PORTNER ESTATES SOUTH
SPECIAL IMPROVEMENT DISTRICT NO. 81
AND ACCEPTING THE REVISED ASSESSMENT ROLL AND
REVISED STATEMENT OF COSTS OF THE DISTRICT
PREPARED BY THE FINANCE DIRECTOR
WHEREAS, on January 19, 1988, the City Council (the "Council ") passed
and adopted Ordinance No. 6, 1988, assessing the cost of improvements in
Provincetowne/Portner Estates South Special Improvement District No. 81
(the "District") in the City of Fort Collins, Colorado and providing for
the payment and collection thereof; and
WHEREAS, during the period from June 15, 1985 to June 30, 1988, there
accrued investment earnings on bond proceeds for the District in the amount
of $153, 163.39; and
WHEREAS, said investment earnings were placed in the District Bond
Fund and used to call District bonds on July 1, 1988; and
WHEREAS, the aforementioned bond call reduces the amount of District
costs assessable to the property owners in the District; and
WHEREAS, in order to proportionately reduce the amount of assessment
payable by each property owner in the District, it is necessary to amend
the original assessing documents; and
WHEREAS, notice of the revised assessments was published as provided
in Chapter 22 of the City Code and the date of August 2, 1988, was set for
the hearing of complaints or objections to the proposed Amended Assessment
Roll for the District.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT
COLLINS, COLORADO as follows:
Section 1 . That Sections 1 and 2 of Ordinance No. 6, 1988, be and
hereby are amended to read as follows:
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 ,
administration, 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
$2,281,769.03. The amount or proportion of the total cost of the
Improvements to be paid by other than special assessments is
$102,984.38. The amount of interest earnings for the period from
June 15, 1985 to June 30, 1988, to be credited to the total cost
of the district is $153, 163.39. The balance of the total cost in
the District, $2,025,621 .26, 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 22 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 12 equal principal installments, the first
installment being due on the 1st day of October, 1988, and on the
1st day of October each year thereafter until the full amount
thereof has been paid, together with interest on the unpaid
principal at the rate of ten and two thousand nine hundred
twenty-nine ten-thousandths percent (10.2929%) per annum, said
interest to be payable at the time of the principal payments.
Section 2. That the District Assessment Roll and the Statement of
Districts Costs heretofore ratified, approved and confirmed by the Council
in Section 7 of Ordinance No. 6, 1988, are hereby amended as shown on
Exhibits "A" and "B" respectively, attached hereto and incorporated herein
by this reference.
Introduced, considered favorably on first reading, and ordered
published this 2nd day of August, A.D. 1988, and to be prVosented for final
passage on the 16th day of August, A.D. 1988.
Mayor
A TEST:
City Clerk
Passed and adopted on final ;ing this 16th day of August, A.D.
1988.
TTEST:
City Clerk
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LEGAL DESCRIPTION OF THE: PROVINCETOWNE/PORTNER ESTATES
SPECIAL IMPROVEMENT DISTRICT
LEGAL DESCRIPTION OF PROVINCETOWNE P.U.D.
That portion of Section 13, Township 6 North, Range 69 West
of the 6th Principal Meridian, Larimer County, Colorado being more
Darticularly described as follows : Considering the West line of
the Northwest Quarter of said Section 13 as bearing North
00003130" West and with all bearings contained herein relative
thereto: Beginning at the West Quarter Corner of said Section 13 ,
thence along the South line of the Northwest Quarter of said
Section 13, South 89* 50100" East 51 .50 feet to a point on the East
right of way of U.S. Highway No . 287, as fenced , said point also
being on the South line of that certain tract of land described in
deed recorded in Book 1108, Page 489 records of said county and
the True Point of Beginning; thence alona the Southerly lire of
said Book and Page the following eight ( 8) courses and distances,
South 89* 50100" East 137. 33 feet, North 010591300 :.:est 109. 40
feet, North 15'55 ' 30" East 300.00 feet North 26' 23130" East 300 .00
feet, North 58* 26130" East 180.00 feet , South 75'16 ' 30" - East
200. 00 feet, South 28*06130" East 150.00 feet, South 53' 22 ' 30"
East 126. 01 feet to the Southwest Corner of that 'eestain tract of ,
land described in deed recorded in Book 1170 Page 101-102 records
of said county, thence along the Southerly line of said Book and
Page the following four ( 4 ) courses and distances, South 53' 22 ' 30"
East 118. 99 feet , South 79*10100" East 120.00 feet , South
63028100" East 110 . 00 feet, South 41 ' 53 ' 00" East 50.88 feet to the
Southwesterly line of that certain tract of land described in deed
recorded in Book 1257, Page 254 records of said county; thence
along the Westerly and Southerly line of said Book and Page South
41 ' 35 ' 00" East 116. 18 feet; South 37'37100" East 294.05 feet to
the South line of the Northwest Quarter of said Section, thence
along said line South 89* 50100" East 219. 87 feet to the Southwest
Corner of that certain tract of land described in deed recorded in
Rook 1371 , Page 852 records of said county; thence along the
Westerly and Northerly lines of said tract the followinq six ( 6 )
courses and distances, North 33* 53 , 00" West 850.62 feet , North
00'05 ' 00" East 323. 60 feet, South 72' 57100" East 367. 20 feet ,
South 69'14 ' 00" East 161 .12 feet , South 74010130" East 326. 74
feet , North 86'29 ' 00" East 553.76 feet to the East line of the
Northwest Quarter of said Section 13 , thence along said line North
00' 16 ' 20" Wes: 746. 39 feet to the South line of Moberly Heitjht5
Subdivision, thence along the South and East line of . said Subdivi-
sion , South 89049 ' 28" East 600.00 feet, thence North 00' 16 ' 28"
Nest 1053. 60 feet to a point on the South right-of-way of an
existing County Road , said point being 30.00 feet South of :ha
north line of the Northeast Quarter of said Section 13, thence
along said right-of-way, parallel with and 30.00 feet South of
said North line of the Northeast Quarter, South 88*17023" East
2073. 21 feet to a point on the West right-of-way of an existing
County Road said point being 30. 00 feet West of the East line of
the Northeast Quarter of said Section 13, thence along said
right-of-way, parallel with and 30. 00 feet West of said East line
of the Northeast Quarter South 00*05144" West 5225. 30 feet to the
North right-of-way fence of an existing County Road thence along
said right-of-way fence the following five ( 5) courses and
distances , South 89*34100" West 428. 85 feet to the beginning of a
tangent curve concave to the North, having a central angle of
06'47100" and a radius of 2000.00 feet; thence along the arc of
said curve, 236. 78 feet; thence tangent from sai2 curve North
83*391001, West 534.00 feet, thence South 85*06100" West 605. 00
feet; thence North 83*04117" West 840.00 feet to the East Boundary
line of Victoria Estates as monumented in the field, thence along
the Easterly and Northerly boundary of said Victoria Estates as .
monumented in the field the following. six ( 6 ) courses and
distances; North 00*00122" West 1455. 57 feet, South 85*05126" West
615. 00 feet North 72*06120" West 300.00 feet-, North 61 *40144" West
399. 84 feet, South 89*49122" West ,544.00 feet, North 75'08 ' 24"
West 842.44 feet to the East right-of-way of U.S. Highwav 'No . 287
as fenced , thence along said East right-of-way North 00'07 "00"
East 740. 36 feet to the True Point of Beginning. Said tract
contains 402. 86+ Acres . Subject to all existing easements and
rights-of-way of- record ;
TOGETHER WITH
LEGAL DESCRIPTION OF PORTNER ESTATES SOUTH P. U.D.
Commencing at the Southeast corner of Section 12, Township 6
North, Range 69 West of the 6th P.N. , said point being the Point
of Beginning; thence North 880271401, West along the South line of
said Section 12 a distance of 1443. 94 feet; thence North 00*00 , 00.1
East 2042. 92 feet; thence South 07*33154" East, 656. 25 feet;
thence South 87'34 ' 09" East, 258. 00 feet; thence South 00*00 , 001,
;vest, 614 . 37 feet; thence North 90000100" East, 530. 00 feet to a
point on the East line of said Section 12 ; thence South 00*00 , 001,
West along the East line of said Section 12 a distance of 1428. 50
feet to the Point of Beginning, County of Larimer, State of
Colorado. The above described parcel contains 59. 98 acres , more
or less.
NOTE: Less Brittany Knolls and that unplatted portion owned by D.C.B.
Investment Co.
LEGAL DEESCRiPTIOiJ OF D.C.Q. IHVESTNErIT CO. "'PLATTED PORTION
OF PORTNER ESTATES SOUTH P.U.D.
D F'o-Ci' i PTION -1Y
A tract of land, a portion of w hicti is the proposed plat of
Portner Estates South P.L;.D. Phase I , located in the Southeast
quarter of Section 12, Township G North, Range 69 blest of the 6th
P.M. Larimer County, Colorado, more particularly described as
follows :
Considering the East line of the said Southeast quarter of
Section 12 as bearing North. 000 00'00" East and with all bearings
contains herein relative there to:
Commencing at the Southeast corner of said Section 12 ; thence
North 000 00 ' 00" East along the East line of said Section 12
517.25 feet to the easterly prolongation of the southerly right-
of-way of the proposed Brittany Street and to the TRUE POINT OF
BEGINNING of this description; thence along the said proposed
southerly right-of-way the following five (5) courses and
distances, (1) North 90000 '00" Nest 101 .72 feet to a point of
curvature: (2) 151.84 feet along. a curve to the right having a
radius !of 274.00 feet, a central angle of 31°45'00", a chord
length of 149-.90 feet and a chord bearing of North 74007130"
West, to a point of tangency; (3 ) North 58015 '00" West 176.00
feet to; a point of curvature; (4 ) 725.94 feet along a curve to
the left having a radius of 346.00 feet, a central angle of
120012'40", a chord length of 599.93 feet, and a chord bearing of
South 61038140" Nest to a point of tangency; (5) South 01032120"
Nest 341.00 feet to the South line of the said Southeast quarter
of Section 12; thence along the said South line of the Southeast
quarter, North 88°27 '40" Nest 510.94 feet; thence leaving the
said South line of the Southeast quarter, North 00000100" East
2042.92 feet to the boundary of that certain tract of land as
described in, Book 2106 at Page 1041 records of the Clerk and
Recorder of the said Larimer County; thence along the said
boundary, South 87033 '54 " East 656.25 feet; thence continuing
along the said boundary, South 87°34 '09" East 258.00 feet to the
boundary of that certain tract of land as described in Book 2239
at Page 669 records of the said Clerk and Recorder; thence along
the said boundary South 00°00100 " Nest 614 .37 feet to the
boundary of that certain tract of land as described in Book 2239
at Page. 671 records of the said Clerk and Recorder; thence along
the said boundary, South 90000 ,001, East 530.00 feet to the said
East line of the Southeast quarter; thence along the said East
line, South 00°00 '00" %test- 911.25 to the Point Of Beginning.
The above described tract contains 47 .3118 acres or 2060902
square feet gross and is sui)jcct co all easements and r
way n:::. c•r. ir..tinq o:' of record. ights-of-
Less Brittany Knolls P.U.D.
LEGAL DESCRIPTIO:: OF BRT-TT UY KNOLLS P.U.D.
KNOW ALL 412N BY "ESE ESE _RES NTS that the undersJ }-� ae_ng owner
of a tract of land located in the Southeast One Quarter of
Section 12, Township 6 Nortii, Range 69 nest of the Sixth
Principal Meridian, City of Fort Collins, County of Larimer,
State of Colorado more particularly described as follows :
Commencing at the Southeast corner of said Section 12; thence
No^3027 ' 40"W and along the South line of said Section 12, a
distance of 1443 . 94 feet ; thence N00000 ' 00"E, a distance of 50 .02
feet to a point on the North right-of-way of Trilby Road, said
point being the POINT OF BEGIA;NING; thence along_ the following
ten (10) courses:
1) N00000 00"E, a distance of 1341.16 feet;
2) N90000 '00"E, a distance of 100. 00 feet;
3) NG0000 ' 00"E, •a distance of 111 . 84 feet;
4) N90000 ' 00"E, a distance of 54 .00 feet;
5) 587033 ' 54"E, a distance of 400 .00 feet;
6) S81044'11"E, a distance of 56 . 89 feet;
7) 571021' 38"E, a distance of 56. 88 feet;
8) 560034 ' 46"E, a distance of 50. 49 feet;
9) 537049'25"W, a distance of 39. 49 feet;
1-0) 548004' 48"E, a distance of 147 .25 feet;
To a non-tangent point on a curve, from *hence the radius point
of said curve bears S4S 04 ' 48"E; thence Southwesterly along said
curve to the left having a radius of 213 .00 feet, a central angle
of 6055 ' 12" , a chord length of 25.71 feet, and a chord bearing of
533027 ' 36"17, a distance of 25 .73 feat, to a Point of tangency;
thence along the following four courses :
1) 555000 '00"E, a distance of 100. 00 feet;
2) 535000' 00"il, a distance of 65. 00 feet;
3) S 5011 ' 56"F1, a distance of 304 . 55 feet;
4) S 7022' 12"E, a distance of 144 . 02 feet;
:o a nor-tangent point on a curve from whence the radius point of
said curve bears S 7022 ' 12"E, said point also being on the
Northerly right-of-way of Brittany Street, thence Southwesterly
along, said right-of-way along a curve to the left having a radius
of. 414 .00 feet, : central angle of 39013 ' 22" , a chord length of
277 . 91 feet, a chord :,easing of 563001 ' 07"W, a distance of 233.41
feet to a Doint of reverse curvature; thence continuing along
said _ ic+ht-c•f-way along a curve to the right having a radius of
15 . 00 feet , a central angle of 84022 ' 54" a chord length of 30 . 1-5
feet , a chord bearing of 585035 ' 53"w, a distance of 22.09 feet to
a Point of tangency; thence continuing along said right-of-way
the following three courses :
_) Di52012' :0 bI, a distance of 10 . 00 `eet ;
2) S37047 ' 2011w, a distance of 54 . CC feet;
<c
To a point of curvature; thence continuing along said right-of- � -
way along a curve to the right having a radius of 15 . 00 feet , a
central angle of 84022 ' 54" , a chord length of 20 .15 feet , a chord
bearing, of 510001 ' 13"E, a distance of 22 .09 feet to a poin' of
reverse curvature; thence continuing along said right-of-*.ray
along a curve to the left having a radius of 414 . 00 feet, a
central angle of 30037 ' 5411 , a chord length of 215 .71 feet, a
chord bearing of 516051 ' 17"W, a distance of 221 . 33 feet to a
point of tangency; thence continuing along said right-of-way
501032 ' 20"17, a distance of 276 . 00 feet to a point of curvature;
thence continuing along said right-of-way along a curve to the
right having a radius of 15 . 00 feet, a central angle of
90000 , 0011 , a chord length of 21 . 21 feet, a chord bearing of
546032 ' 20"W, a distance of 23 . 56 feet to a point of tangency,
said point being on the North right-of-way of Trilby Road; thence
along said North right-of-way of Trilby Road N88027 ' 40"W, a
distance of 429 . 28 feet to the POINT OF BEGINNING, containing
932 , 068 square feet or 21 . 3973 acres, -ore or less, together with
the street right-of-way (to centerline) area of 1. 25 acres for a
total assessable area of 22. 65 acres .
F—AIBIT B
REVISED STATEMENT OF COSTS OF FINANCE DIRECTOR
PROVINCETOWNE/PORTNER SPECIAL IMPROVEMENT DISTRICT NO. 81
On the 30th day of October, 1984, the Fort Collins City Council
established the Provincetowne/Portner Special Improvement District No. 81,
(the "District" ) by adoption of Ordinance No. 136, 1984. The District was
established to allow for the installation of street, water, sanitary sewer,
and storm drainage improvements (the "Improvements" ) in the District .
In accordance with Chapter 22-85 of the Code of the City of Fort
Collins requiring the Director of Finance to prepare a statement of costs
of the Improvements, the Director of Finance hereby certifies the whole
cost of the Improvements to be assessed as follows:
1. Actual Construction Cost $ 977,185.80
a. District Costs 874,201.42
b. City Costs 102,984.38
2. Engineering and Construction 387,696.94
Management
3. Interest accruing on the bonds
issued to pay the cost of
improvements up to the date when
such costs will be assessed 669,139.00
4. Legal fees , publication, admini -
stration, financing and other
incidentals 247,747.29
TOTAL PROJECT COST $ 2,281,769.03
TOTAL DISTRICT COST $ 2,178,784.65
**
INTEREST EARNINGS 153,163.39
*
TOTAL ASSESSABLE COSTS $ 2,025,621.26
*This total does not include interest and a 2% collection fee which will be
added to each assessment if paid in installments .
**Interest earnings have been calculated on all idle bond proceeds through
June 30, 1988.
Dated this 28th day of July, 1988.Alan IV <rcmaric, inance irector