HomeMy WebLinkAboutAgenda Statement 1986/06/17 Item 25a-e COUNCIL AGENDA STATEMENT
Item 25a-e
Meeting Date 6/17/86
ITEM TITLE: a) Resolution Declaring the Council 's intention to
order the acquisition and financing of certain improvements in
the proposed EastLake Assessment District No. 86-1 ; declaring
the work to be of more than local or ordinary benefit;
describing the district to be assessed to pay the costs; and
providing for the issuance of bonds
b) Resolution Passing of the "Report" of the
Engineer, giving preliminary approval and setting a time and
place for the public hearing
c) Resolution Approving the Acquisition/Financing
Agreement for improvements in Assessment District No. 86-1
d) Resolution Calling for sealed bids on bonds to be
issued to represent unpaid assessments upon lands in
Assessment District No. 86-1
e) Resolution Accepting and appropriating $54,000
from EastLake Development Company for the payment of
consultant services and City administrative costs for
Assessment District 86-1
SUBMITTED BY: Director of Public Works/City Engineer //
REVIEWED BY: City Manager 16.614,-- (4/5ths Vote: Yes X No )
On May 27, 1986 Council accepted a petition from the EastLake Development
Company to commence proceedings under the 1913/15 Acts for the acquisition of
certain improvements in the "Hills and Shores" area of EastLake. These
resolutions will continue the proceedings and set July 22, 1986, as the date
for the public hearing on the Assessment District.
RECOMMENDATION: That Council adopt the resolutions.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
This is a continuation of the proceedings initiated on May 27, 1986, to form
an Assessment District for the acquisition of certain water, sewer, storm
drain, and street improvements in the "Hills and Shores" area of the Eastlake
development.
Page 2, Item 25a-e
Meeting Date 6/17/86
The Engineers Report includes a description and cost estimate for each "as
built" improvement that will be included in the Assessment District. The
total cost of these improvements is now estimated to be $5,906,784.75.
The EastLake Development Company deposited $54,000 with the Director of
Finance to cover the cost of consultant services and City administrative
expenses. The funds need to be appropriated to Account No. 625-6250-5201 .
EastLake Development Company will be reimbursed for this expense from bond
proceeds.
Through the adoption of the resolutions, Council will :
a. Approve an Acquisition/Financing Agreement between City and EastLake
Development Company,
b. Establish jurisdiction and declaration of interest to acquire improvements
financed through the issuance of bonds,
c. Give preliminary approval of the "Report" of the Engineer and setting the
matter for public hearing, and
d. Call for bids on bonds.
Staff and the consultants appointed by Council to process this Assessment
District will be available at the Council meeting to answer any questions that
Council might have regarding the proceedings.
FISCAL IMPACT: There will be no cost to the City. All administrative costs
will be charged to the District and will be covered by the $54,000 advance
payment received from the EastLake Development Company. The $54,000 needs to
be appropriated to Account No. 625-6250-5201 .
WPC 2144E
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COUNCIL AGENDA STATEMENT
Item 25a-e
Meeting Date 6/17/86
ITEM TITLE: a) Resolution Declaring the Council 's intention to
order the acquisition and financing of certain improvements in
the proposed EastLake Assessment District No. 86-1 ; declaring
the work to be of more than local or ordinary benefit;
describing the district to be assessed to pay the costs; and
providing for the issuance of bonds
b) Resolution Passing of the "Report" of the
Engineer, giving preliminary approval and setting a time and
place for the public hearing
c) Resolution I SAS/ Approving the Acquisition/Financing
Agreement for improvements in Assessment District No. 86-1
d) Resolution Calling for sealed bids on bonds to be
issued to represent unpaid assessments upon lands in
Assessment District No. 86-1
e) Resolution Accepting and appropriating $54,000
from EastLake Development Company for the payment of
consultant services and City administrative costs for
Assessment District 86-1 /
SUBMITTED BY: Director of Public Works/City Engineer // /
REVIEWED BY: City Manager 16-614,--- (4/5ths Vote: Yes X No )
On May 27, 1986 Council accepted a petition from the EastLake Development
Company to commence proceedings under the 1913/15 Acts for the acquisition of
certain improvements in the "Hills and Shores" area of EastLake. These
resolutions will continue the proceedings and set July 22, 1986, as the date
for the public hearing on the Assessment District.
RECOMMENDATION: That Council adopt the resolutions.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
This is a continuation of the proceedings initiated on May 27 - 1986, to form
an Assessment District for the acquisition of certain water, sewer, storm
drain, and street improvements in the "Hills and Shores" area of the EastLake
development.
Page 2, Item 25a-e
Meeting Date 6/17/86
The Engineers Report includes a description and cost estimate for each "as
built" improvement that will be included in the Assessment District. The
total cost of these improvements is now estimated to be $5,906,784.75.
The EastLake Development Company deposited $54,000 with the Director of
Finance to cover the cost of consultant services and City administrative
expenses. The funds need to be appropriated to Account No. 625-6250-5201 .
EastLake Development Company will be reimbursed for this expense from bond
proceeds.
Through the adoption of the resolutions, council will :
a. Approve an Acquisition/Financing Agreement between City and EastLake
Development Company,
b. Establish jurisdiction and declaration of interest to acquire improvements
financed through the issuance of bonds,
c. Give preliminary approval of the "Report" of the Engineer and setting the
matter for public hearing, and
d. Call for bids on bonds.
Staff and the consultants appointed by Council to process this Assessment
District will be available at the Council meeting to answer any questions that
Council might have regarding the proceedings.
FISCAL IMPACT: There will be no cost to the City. All administrative costs
will be charged to the District and will be covered by the $54,000 advance
payment received from the EastLake Development Company. The $54,000 needs to
be appropriated to Account No. 625-6250-5201 .
WPC 2144E
COUNCIL AGENDA STATEMENT
Item 25a-e
Meeting Date 6/17/86
ITEM TITLE: a) Resolution Declaring the Council ' s intention to
order the acquisition and financing of certain improvements in
the proposed EastLake Assessment District No. 86-1 ; declaring
the work to be of more than local or ordinary benefit;
describing the district to be assessed to pay the costs; and
providing for the issuance of bonds
b) Resolution Passing of the "Report" of the
Engineer, giving preliminary approval and setting a time and
place for the public hearing
c) Resolution Approving the Acquisition/Financing
Agreement for improvements in Assessment District No. 86-1
d) Resolution Calling for sealed bids on bonds to be
issued to represent unpaid assessments upon lands in
Assessment District No. 86-1
e) Resolution Accepting and appropriating $54,000
from EastLake Development Company for the payment of
consultant services and City administrative costs for
Assessment District 86-1
r
SUBMITTED BY: Director of Public Works/City Engineer �
REVIEWED BY: City Manager (4/5ths Vote: Yes X No )
On May 27, 1986 Council accepted a petition from the EastLake Development
Company to commence proceedings under the 1913/15 Acts for the acquisition of
certain improvements in the "Hills and Shores" area of EastLake. These
resolutions will continue the proceedings and set July 22, 1986, as the date
for the public hearing on the Assessment District.
RECOMMENDATION: That Council adopt the resolutions.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
This is a continuation of the proceedings initiated on May 27 . 1986, to form
an Assessment District for the acquisition of certain water, sewer, storm
drain, and street improvements in the "Hills and Shores" area of the EastLake
development.
Page 2, Item 25a-e
Meeting Date 6/17/86
The Engineers Report includes a description and cost estimate for each "as
built" improvement that will be included in the Assessment District. The
total cost of these improvements is now estimated to be $5,906,784.75.
The EastLake Development Company deposited $54,000 with the Director of
Finance to cover the cost of consultant services and City administrative
expenses. The funds need to be appropriated to Account No. 625-6250-5201 .
EastLake Development Company will be reimbursed for this expense from bond
proceeds.
Through the adoption of the resolutions, Council will :
a. Approve an Acquisition/Financing Agreement between City and EastLake
Development Company,
b. Establish jurisdiction and declaration of interest to acquire improvements
financed through the issuance of bonds,
c. Give preliminary approval of the "Report" of the Engineer and setting the
matter for public hearing, and
d. Call for bids on bonds.
Staff and the consultants appointed by Council to process this Assessment
District will be available at the Council meeting to answer any questions that
Council might have regarding the proceedings.
FISCAL IMPACT: There will be no cost to the City. All administrative costs
will be charged to the District and will be covered by the $54,000 advance
payment received from the EastLake Development Company. The $54,000 needs to
be appropriated to Account No. 625-6250-5201 .
WPC 2144E
COUNCIL AGENDA STATEMENT
Item 25a-e
Meeting Date 6/17/86
ITEM TITLE: a) Resolution Declaring the Council 's intention to
order the acquisition and financing of certain improvements in
the proposed EastLake Assessment District No. 86-1 ; declaring
the work to be of more than local or ordinary benefit;
describing the district to be assessed to pay the costs; and
providing for the issuance of bonds
b) Resolution Passing of the "Report" of the
Engineer, giving preliminary approval and setting a time and
place for the public hearing
c) Resolution Approving the Acquisition/Financing
Agreement for improvements in Assessment District No. 86-1
d) Resolution Calling for sealed bids on bonds to be
issued to represent unpaid assessments upon lands in
Assessment Di strict No. 86-1
e) Resolution /6,1--)-50 Accepting and appropriating $54,000
from EastLake Development Company for the payment of
consultant services and City administrative costs for
Assessment District 86-1
SUBMITTED BY: Director of Public Works/City Engineer
REVIEWED BY: City Manager 7164,/ (4/5ths Vote: Yes X No )
On May 27, 1986 Council accepted a petition from the EastLake Development
Company to commence proceedings under the 1913/15 Acts for the acquisition of
certain improvements in the "Hills and Shores" area of EastLake. These
resolutions will continue the proceedings and set July 22, 1986, as the date
for the public hearing on the Assessment District.
RECOMMENDATION: That Council adopt the resolutions.
BOARDS/COMMISSIONS RECOMMENDATION: Not applicable.
DISCUSSION:
Thi s is a continuation of the proceedings initiated on May 27 - 1986, to form
an Assessment District for the acquisition of certain water, sewer, storm
drain, and street improvements in the "Hills and Shores" area of the EastLake
devel opment.
r
Page 2, Item 25a-e
Meeting Date 6/17/86
The Engineers Report includes a description and cost estimate for each "as
built" improvement that will be included in the Assessment District. The
total cost of these improvements is now estimated to be $5,906,784.75.
The EastLake Development Company deposited $54,000 with the Director of
Finance to cover the cost of consultant services and City administrative
expenses. The funds need to be appropriated to Account No. 625-6250-5201 .
EastLake Development Company will be reimbursed for this expense from bond
proceeds.
Through the adoption of the resolutions, Council will :
a. Approve an Acquisition/Financing Agreement between City and EastLake
Development Company,
b. Establish jurisdiction and declaration of interest to acquire improvements
financed through the issuance of bonds,
c. Give preliminary approval of the "Report" of the Engineer and setting the
matter for public hearing, and
d. Call for bids on bonds.
Staff and the consultants appointed by Council to process this Assessment
District will be available at the Council meeting to answer any questions that
Council might have regarding the proceedings.
FISCAL IMPACT: There will be no cost to the City. All administrative costs
will be charged to the District and will be covered by the $54,000 advance
payment received from the EastLake Development Company. The $54,000 needs to
be appropriated to Account No. 625-6250-5201 .
WPC 2144E
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