Ordinance 1986-890 - Laserfiche WebLink

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ORDINANC E NO. g9tJ AN ORDINANCE APPROVI NG THE COST OF THE IMPROVEMENTS TO BE MADE IN SPECIAL IMPROVEMENT DISTRICT NO. 1986-1, IN THE CITY OF LOUISVI LLE, COLORADO; APPROVING AND CONFIRMING THE APPORTIONMENT OF SAID COST TO EACH LOT OR TRACT OF LAND IN THE DISTRICT; ASSESSING A SHARE OF SAID COST AGAINST EACH LOT OR TRACT OF LAND IN THE DISTRICT: AND PRESCRIBING THE MANNER FOR THE COLLECTION AND PA YMENT OF SAID ASSESSMENTS. WHEREAS, by Ordinance No. 882, passed and adopted on March 4, 1986, the City Counc il (the " Co un c i I " ) of the City of Louisville, Colorado (the "City"), created Spec i al Improvement District No. 1986-1 (the "District"), for the purpose of paying for local improvements to be constructed in the District: and WHEREAS, the total cost of such improvements has been definitely ascertained, and a statement of expense s and an assessment roll apportioning such costs have been prepared and filed in the office of the City Clerk: and WHEREAS, due notice was given that the Counc il wo ul d meet to hear and consider objections to the assessment roll on this date, and that any complaints or objections which may be made in wr i ting by the prope rty owners or any citizen to the Council, and filed in writing on or prior to the date of the hearing, wo u I d be heard and de termined by the Council before the passage of any ordinance assessing the cost of said improvements: and HHEREAS, the re were no objections to the asse ssmen t roll: and WHEREAS, from the statement filed with the City Clerk, it appears that the total cost of the improvements is $1,600,000, that no port ion thereof is to be paid by the City, and that the portion thereof which should be assessed against the real property specially benefited and included within the District is $1,600,000: and WHEREAS, the Council has apportioned a share of the cost to each lot or tract of land in the District, in accordance with - 47 -