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<br /> .. <br /> HHEREAS, in accordance with Sect ion 31-25-503(3), <br /> C.R.S., it is necessary that a preliminary order be made, adopting <br /> full det7tils ar,j . -. . d23C ::-i~ing the materials b2 <br /> s pe c 1 .t .:. .:; .:i ::. .:. .:::; n:3 , to <br /> used, determining the number of and times in which the cost of the <br /> improvemen ts 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 consti tute the prel iminary <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 Di s tr ict. 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 s tree t <br /> paving, street lighting, signal i za tion, sidewalk, median, curb and <br /> gutter, and water facilities, along with necessary incidentals <br /> ( the "Project"), is hereby created and established, and shall be <br /> known and designated as "Special Improvemen t District No. 1985-1" <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 />