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<br /> WHEREAS, in accordance with Section 31-25-503(3) , <br />C.R.S. , it is necessary that a preliminary order be made, adopting <br />full details and specifications, describing the materials to be <br />used, determining the number of and times in which the cost of the <br />improvements shall be payable, the rate of interest to be paid on <br />unpaid and deferred installments, and the property to be assessed <br />for the cost of the improvements, and setting forth estimates of <br />'cost and a schedule showing the approximate amounts to be assessed <br />on the lots or parcels of property within the district; and <br /> WHEREAS, this ordinance shall constitute the preliminary <br />order required by law; <br /> BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF <br />LOUISVILLE, COLORADO: <br /> Section I. Creation of 'District. Pursuant to Section <br />31-25-501 et ~., C.R.S. , and the Petition, a special improvement <br />district for the construction and installation of certain street <br />paving, street lighting, signalization, sidewalk, median, curb and <br />gutter, and water facilities, along with necessary incidentals <br />(the "project"), is he re by created and established, and shall be <br />known and desig nated as "Special Improvement District No. 1986-1" <br />(the "District") . <br /> Section 2 . Boundary of District. The land within the <br />District shall consist of the real property described as follows: <br /> - 3 - <br />