(A resolution approving formation of the May Street Waterline Reimbursement District)
WHEREAS, on December 11, 2006, the City Council received the Engineer’s Report recommending formation of a Reimbursement District pursuant to HRMC Section 13.17.030;
WHEREAS, the public improvements to be reimbursed consist of design and construction of an 8” water main in May Street from 30th Street to the intersection of May Street and Nina Lane (approximately 1,839 lineal feet), as well as a 10” water main in Rocky Road (approximately 1,253 lineal feet) from May Street south to the Urban Growth Boundary. The design costs were paid for by the City (applicant) and the improvements were constructed by the applicant.
WHEREAS, the following properties are proposed to be in the Reimbursement District: See attached Exhibit A, which contains the Engineer’s Report, which shows the properties to be included. These properties are directly served by the May Street waterline and directly benefit from the improvements to the waterline;
WHEREAS, the proposed amount to be reimbursed is $193,728.52. This amount was derived from paid invoices for the design and construction of the public improvements on file with the City’s Finance Department. The City Engineer provided testimony that the amount represented prevailing market rates for similar projects. No contrary testimony was provided;
WHEREAS, the method of apportionment is: (1) Lineal foot for properties where a development application has been received and has been approved. The developer will be required to reimburse the City for that portion of the water line that was required as part of the development, typically, that portion fronting the developed property; and (2) Based on acreage for properties for which no development application has been received. Reimbursement will be required as part of the development approval process if development occurs within the ten-year period of the Reimbursement District. These methods are reasonably calculated to reflect the special benefit to the subject properties. No contrary testimony was received;
WHEREAS, the proposed annual percentage rate multiplier to be applied to the cost of construction to reflect inflation is the Construction Cost Index (CCI) published in a weekly periodical ENR published by McGraw Hill, Inc., which will be included and applied to the amount to be reimbursed annually. This index reasonably reflects prevailing market rates. No contrary testimony was received;
WHEREAS, the City Council held a public hearing on February 12, 2007, to consider the applicant’s application to form a Reimbursement District, the City Engineer’s Report, and testimony and evidence presented concerning the proposed Reimbursement District;
WHEREAS, notice of the public hearing was provided as required by HRMC Section 13.17.040, a copy of which is attached;
NOW, THEREFORE, BE IT RESOLVED by the Hood River City Council that:
1. The City Council approves the City Engineer’s Report (Exhibit A) on the formation of the Reimbursement District and approves formation of the Reimbursement District. The City Engineer’s Report, including any modifications made at the public hearing, is incorporated into this Resolution by reference.
2. The following properties are proposed to be in the Reimbursement District: See Exhibit A. The Council finds that the properties are specially benefited from the public improvement for which the Reimbursement District is formed. The amount for which each property is responsible to reimburse is also set forth in Exhibit A and approved.
3. The proposed amount to be reimbursed was based on the final invoices provided by the applicant and represent prevailing market rates for similar projects.
4. The method of apportionment is reasonably calculated to reflect the special benefits the properties receive from the improvement.
5. The annual percentage rate multiplier to be applied to the cost of constructing reasonably reflects prevailing market rates.
6. The City Recorder shall mail copies of this Resolution as provided in HRMC 13.17.040(E). This Resolution shall not be recorded in the County Assessor’s office.
Approved by the Hood River City Council the ______ day of ________________, 2007, to take effect immediately.
Linda Streich, Mayor
Jill Rommel, City Recorder