HomeMy WebLinkAbout1983-161-10/04/1983-ADOPTING THE REPORT OF THE DIRECTOR OF PUBLIC WORKS ON THE ESTIMATES, COSTS AND ASSESSMENTS FOR THE RESOLUTION 83 -161
OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING THE
REPORT OF THE DIRECTOR OF PUBLIC WORKS ON THE ESTIMATES ,
COSTS AND ASSESSMENTS FOR THE LANDMARK SPECIAL IMPROVE-
MENT DISTRICT NO 80, APPROVING THE DETAILS AND SPECIFI-
CATIONS FOR SUCH PROPOSED DISTRICT, DETERMINING THE
A OUNT OR PROPORTION OF THE TOTAL COST TO BE PAID BY A
METHOD OTHER THAN ASSESSMENT AGAINST PROPERTY IN THE
DISTRICT, TFE NUMBER OF INSTALLMENTS AND THE TIME WITHIN
WHICH THE COST OF THE IMPROVEMENTS ASSESSED AGAINST
PROPERTY IN THE DISTRICT WILL BE PAYABLE, THE RATE OF
INTEREST TO BE CHARGED ON UNPAID INSTALLMENTS , THE PRO-
PERTY TO BE ASSESSED FOR THE IMPROVEMENTS , THE METHOD OF
MAKING SUCH ASSESSMENTS , AND THE DATE WHEN THE COUNCIL
DILL HOLD A HEARING AND CONSIDER THE ORDERING BY
ORDINANCE OF THE PROPOSED IMPROVEMENTS
WHEREAS, heretofore the City Council of the City of
Fort Collins, Colorado, (the "City") began proceedings to
establish the pr000sed Landmark Special Improvement District
No 80 (the "District" ) by the acceptance of the petition of
M Rolle WalKer (the "Petitioner") , the sole property owner
in the District and by resolution directed the Director of
Public Works to make a complete survey of the District
including the preparation of a map, plans and specifications ,
and estimate of cost of the improvements in said proposed
District, and
WHEREAS, the Director of Public Works has made his
report and has presented the details and specifications for
the proposed District
NOW, THEREFORE , BE IT RESOLVED BY THE COUNCIL OF THE
CITY OF FORT COLLINS
Section 1 That the report, plans, specifications map
and estimate as presented by the Director of Public Works
for said District be, and the same hereby are accepted and
approved
Section 2 That the following amount or proportion of
the total cost of such improvements shall be paid by the
City at large anc not by assessments against property in the
District to wit $470 , 800 for the street oversizing and
storm drainage improvements on Prospect and Shields Streets ,
costs for other street and utility improvements to Prospect
Street, and costs for the construction of a storm drainage
importation canal seventy feet in width In addition to
these improvements, the City may concurrently proceed with
other City improvements in the general vicinity of the
District
Section 3 That the property to be assessed for the
improvements shall be as follows Lot 1 , Landmark Subdivision
P U D in the Citv of Fort Collins, Larimer County, Colorado
Section 4 The estimated total construction cost of
the District improvements including engineering costs , but ex-
cluding the cost of planning, constructing or otherwise
acquiring the improvements, legal and advertising costs
interest during construction and until assessments are made
by ordinance against the properties benefitted and other
costs to the District, as shown by the estimate of probable
total cost as made by the Director of Public Works , is
$720, 000 00
The estimated amount or proportion of the total cost to
be paid by other than special assessments is $470 , 800 00
The balance of the estimated total cost in the District,
$249, 200 00, upon the completion of the improvements , shall
be assessed against the propert} in the District owned by
the Petitioner as follows
4 1 Street and Utility Improvements to Hobbit Street
The Petitioner in the District has heretofore
waived the provis _ons of Section 16-8 of the City Code
(relating to the maximum cost of improvements) with
regard to the street and utility improvements to Hobbit
Street in the District and the total actual cost for
said improvements shall be assessed against property
owned by the Petitioner on a front footage basis and ,
further, said property shall be assessed the cost of
improving that portion of Hobbit Street within the
District not abutting said property, subject to reim-
bursement therefor pursuant to Section 99-6B ( 6) , Section
112-43 and Section 112-74E ( 6) of the City Code
4 2 Street Improvements to Prospect and Shields
Streets
The cost of street improvements to Prospect and
Shields Streets within the District shall be assessed
against property in the District owned by the Petitioner,
on a front footage basis
4 3 Street Improvements to the Intersection of Prospect
and Shields Streets
The cost of street improvements to the southeastern
quarter of the intersection of Prospect and Shields
Streets shall be assessed against property in the
District owned by the Petitioner, on an area basis
4 4 Importation Canal Improvements
The cost of storm drainage improvements on the
property in the District owned by the Petitioner and
consisting of a storm drainage importation canal seventy
feet in width and running from the western boundary
line of said property adjacent to Shields Street to the
eastern boundary of said property, on an area basis
Section 5 Said assessments shall be payable in not
more than 15 equal annual installments with the interest on
the unpaid installments to be the same as the interest rate
pavable on bonds to which interest rate shall not exceed 18%
per annum
Section 6 That on the 4th day of October , 1983 , at
the hour of 5 30 P M or as soon thereafter as the matter
may come on for hearing, in the Council Chambers of the City
Hall , City of Fort Collins, the Council of the City of Fort
Collins will consider the ordering by Ordinance of the
proposed improvements and hear all complaints and obDections
that may be made and filed in writing concerning the proposed
improvements by the owners or any interested persons
Section 7 That the Petitioner in said District has
waived all notice requirements pursuant to Chapter 16 of the
Code of the City of Fort Collins
Passed and adopted at a regular meeting of the Council
of the City of Fort Collins this 4th day of October, 1983
M o
ATTEST
City Clerk