HomeMy WebLinkAboutResolution 96-28 07/01/1996
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RESOLUTION
NO. 96-28
Intention to Improve
WHEREAS, the Springfield City Council has authority to initiate the
construction of public improvements in the City of Springfield pursuant to the
provisions of Sections 2.1.2 through 2.2.9 of the Springfield City Code, and
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WHEREAS, the Council has deemed that the construction of Street
Improvements along 51st Street, Main Street to 'E' Street, and Vicinity
(Project 1-988), will be of future benefit and fulfills the public need for a
complete, integrated, fully improved public improvements system in the City of
Springfield and a necessary, convenient and publicly beneficial addition to
such system in the City, and will also provide a particular and specific
benefit to certain properties in that said improvements will directly serve,
broaden the use of, and increase the value of such properties.
NOW THEREFORE BE IT RESOLVED, that the Common Council of the City of
Springfield hereby declares its intention to initiate the construction of
Street Improvements along 51st Street, Main Street to 'E' Street, and Vicinity
(Project 1-988), and to assess all property to be benefited by said
construction of this improvement.
BE IT FURTHER RESOLVED that this Resolution is a declaration of intent
under United States Treasury Regulation Section 1.103-18.
BE IT FURTHER RESOLVED that the City of Springfield reasonably expects
to reimburse the expenditures incurred to construct the aforementioned
improvement with the proceeds of a future debt issue to be incurred by the
City. The maximum amount of debt expected to be issued for the purpose of
reimbursing expenditures for this project is $400,000.
BE IT FURTHER RESOLVED that the City Engineer of the City of Springfield
is hereby directed to prepare and submit to the City Council a report to
include the plans, specifications, estimated total cost and assessments of the
above-named public improvement.
BE IT FURTHER RESOLVED that the City Recorder of the City of Springfield
is hereby directed to cause the posting and publication of the notice of
public hearing to be made as required by law.
Adopted by the Common Council and approved by the Mayor of the City of
Springfield, Oregon, this 1st day of July 1996
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Mayor
ATT~~
City Recorder
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