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HomeMy WebLinkAbout1990-040-03/20/1990-ASSESSMENT ROLE CENTRE FOR ADVANCED TECHNOLOGY COST OF IMPROVEMENTS SID NO. 90 RESOLUTION 90-40 OF THE COUNCIL OF THE CITY OF FORT COLLINS, COLORADO ACCEPTING THE IMPROVEMENTS IN THE CENTRE FOR ADVANCED TECHNOLOGY SPECIAL IMPROVEMENT DISTRICT NO. 90, ADOPTING THE STATEMENT OF THE FINANCIAL OFFICER AND THE DIRECTOR OF ENGINEERING SHOWING THE COST OF THE IMPROVEMENTS IN SAID DISTRICT AND THE ASSESSMENT ROLL PREPARED BY THE DIRECTOR OF FINANCE IN CONNECTION THEREWITH, ALL IN ACCORDANCE WITH THE ORDINANCES OF THE CITY OF FORT COLLINS, COLORADO WHEREAS, the Council of the City of Fort Collins, Colorado (the "Council ") has heretofore duly adopted Resolution 87-68 and Resolution 87-69 of the City of Fort Collins, Colorado (the "City") and Ordinance No. 81, 1987 of the City creating the Centre for Advanced Technology Special Improvement District No. 90 of the City (the "District") for the purpose of installing the following improvements: street pavement, curb, gutters, sidewalks, street lighting, landscaping, landscaped median islands, water mains, sanitary sewer lines, storm drainage improvements, and other necessary appurtenances (the "Improvements") in the City; and WHEREAS, the Director of Engineering has certified to the Council that the acquisition, construction, and installation of the Improvements have been completed with the exception of certain remaining improvements to be constructed within the right-of-way for Drake Road; and WHEREAS, the final cost of the remaining improvements to Drake Road has been determined by the City Engineer and funds are available and appropriated for the completion of such improvements; and WHEREAS, the Council now desires to accept said Improvements; and WHEREAS, the Director of Engineering and the Financial Officer, in accordance with 22-85 of the Code of the City (the "Code") have prepared a statement showing the total cost of the District and an assessment roll showing the owners of property to be assessed, describing said property and stating the amount of the assessment on each property, said statement of cost and assessment roll being on file with the City Clerk of the City (the "City Clerk") and incorporated herein by reference; and WHEREAS, the Council desires to receive and accept said statement of cost and assessment roll relating to the District and, upon such acceptance, to order the City Clerk to notify the owners of the property to be assessed and all persons interested generally, in accordance with the requirements of 22-88 of the Code and in substantially the form set forth on Exhibit "A" attached hereto and by this reference made a part hereof. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS, as follows: 1 . That those Improvements heretofore certified by the Director of Engineering to the City Council as fully acquired, constructed, and installed be, and they hereby are, accepted and approved by the Council . 2. That the statement of cost and the assessment roll of the District prepared by the Director of Engineering and the Financial Officer are hereby accepted and approved. 3. That the City Clerk shall , by publication and mailing of a notice in accordance with 22-88 of the Code, notify the owners of property to be assessed and all persons interested generally that the Improvements have been completed and accepted, said notice to be in substantially the form set forth on Exhibit "A" . 4. That on the 1st day of May, 1990, at the hour of 6:30 p.m. or as soon thereafter as the matter may come on for hearing, in the Council Chambers of the Municipal Building, City of Fort Collins, Colorado, the Council will consider the ordering by ordinance of assessments for the total cost of the District and hear all complaints and objections by the owners of any interested persons that may be made and filed in writing in compliance with 22-88 of the Code concerning the proposed assessments. 5. That the Council hereby finds and determines that, at the time of formation of the District by the Council , the District property owners expressly waived, in writing, notice and other provisions to which they would otherwise be entitled pursuant to Chapter 22 of the Code. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 20th day of March, 1990. ayor ATTEST: City Clerk EXHIBIT A NOTICE TO: The property owners in the Centre for Advanced Technology Special Improvement District No. 90, (the "District") and all persons interested generally in the completion and acceptance of the improvements in the District, (the "Improvements") the total cost thereof, the portion thereof to be paid by the City of Fort Collins, Colorado (the "City") , the assessments to be made on property within the District to pay the cost of the Improvements, and the date of hearing on any objections or complaints that may be made in writing by the owners of such property. Notice is hereby given to the owners of all property to be assessed in the Centre for Advanced Technology Special Improvement District No. 90, and to all persons interested generally that the Improvements in the District have been completed and accepted, with the exception of certain remaining improvements to be constructed within the right-of-way for Drake Road. Notice is further given that the total cost of the District, including final construction costs; engineering ,nd construction management costs; acquisition costs of existing improvements and rights of way; interest accruing on bonds issued for the District; and legal fees, publication, administration, financing and other incidentals incurred in connection with the total cost of the District (but excluding the cost of collection which will be added to the assessment at the time such assessment is due) is $2,915,876.90; that the portion of the total cost of the District to be paid by the City and not by special assessments is $774,592.95; that the direct contribution from Everitt Companies is $19,387.67; that the total District cost is $2,121,896.28; and that the cost in the District to be assessed against property in the District is $2,121,896.28; that the assessment roll showing the share apportioned to each lot or tract of land in the District is on file in the office of the City Clerk and can be seen and examined at any time during normal business hours; that any complaints or objections which may be made in writing by such owner or owners to the City Council of the City (the "Council ") and filed in the Office of the City Clerk within thirty (30) days from the publication of this notice, will be heard and determined by the Council before the passage of any ordinance assessing the costs of the District; and that on May 1, 1990, at the hour of 6:30 p.m. or as soon thereafter as the matter may come on for hearing in the Council Chambers of the Municipal Building, City of Fort Collins, Colorado, the Council will hear such complaints and objections and determine the same and act upon an ordinance assessing the total cost of the District to be assessed. The owners of 100% of the property included in the District at the time of its creation by the City waived certain provisions of Chapter 22 of the City Code including, but not limited to, provisions relating to notice and hearing, the maximum amount of the total cost of the District and limitations on District assessments and further consented to inclusion in the District, the construction of the Improvements therein, the financing of the Improvements and the levying of assessments therefor against District properties, all in accordance with the District petitions submitted by such property owners and the Master Agreement between such owners and the City, on file in the office of the City Clerk. DATED at Fort Collins, Colorado this day of 1990. City Clerk