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HomeMy WebLinkAbout019 96JEFFERSON COUNTY, WASHINGTON RESOLUTION NO. 19-96 A RESOLUTION of the Board of Commissioners of Jefferson County, Washington, ordering certain road improvements and creating a road improvement district; determining the sufficiency of the petition; providing for the payment of the cost of such improvements by special assessments; describing the method of assessment; creating a road improvement district fund; and providing for the issuance and sale of road improvement district bonds and interim financing warrants or notes. WHEREAS, a petition (the "Petition") was filed with the Board of County Commissioners (the "Board") of Jefferson County, Washington (the "County"), requesting the formation of a road improvement district for the purpose of extending and/or improving the following roads: Bywater Way, Hoodsview Court, Park View Lane, Olympic Ridge Drive, Hidden Springs Drive, Ship View Court, and a portion of Bywater Way North and of making other related improvements; and WHEREAS, the Director of the Department of Public Works determined that the Petition was signed by the owners, according to the records of the County Auditor, of a majority of the lineal frontage upon the improvements to be made and of the area within the limits of the road improvement district to be created therefore, and that the improvements appear to be feasible, and that the benefits appear to exceed the cost of the improvements, and WHEREAS, on December 4, 1995, the Board adopted Resolution No. 116-95, declaring its intention to order certain road improvements within the County and to create Road Improvement District No. 3 ("RID No. 3"); and WHEREAS, a heating was held on January 23, 1996, after notice as provided by law, and after discussion of the proposed improvements and due consideration thereof and of all objections thereto, the Board has determined to order the road improvements described below and to create a RID No. 3; and WHEREAS, estimates of the costs and expenses of the proposed improvements, a description of the boundaries of RID No. 3, a statement of what portion of the costs and expenses of the improvements would be borne by the properties within RID No. 3, and a diagram showing the lots, tracts and parcels to be benefited and other information pertaining to RID No. 3, have been filed with the Clerk of the Board and certified to the Board; NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF JEFFERSON COUNTY, WASHINGTON, as follows: Section 1. Findings. The Board finds that the Petition, including all additions thereto or withdrawals therefrom made prior to 5:00 PM on May 9, 1995, is sufficient and that the property within RID No. 3 is sufficiently developed to warrant the formation of RID No. 3. Section 2. Improvements. The County shall make the following improvements to the above referenced County roads, regarding, ballasting, and surfacing to bring the said roadways to County standards. The foregoing improvements are hereafter referred to as the "Improvements." The territorial ! extent of the Improvements are as shown on Exhibit A, attached hereto and incorporated herein by this reference. The Board hereby finds that the plan for constructing the Improvements is feasible. The County shall acquire by gift, purchase, franchise, lease or condemnation all property, both real and personal, or any interest therein and all rights-of-way, franchises, permits and easements which may be found necessary to acquire, construct, and install the Improvements. The Improvements shall be subject to such changes as to details of said Improvements not affecting the service to be provided by the Improvements, as shall be authorized by the Board either prior to or during the actual course of construction. Section 3. Estimated Cost. The estimated cost and expense of such Improvements (including those expenses described in RCW 36.88.300) are declared to be approximately five hundred thousand dollars ($500,000). It is the intention of the Board that approximately ten percent (10%), but not more than One hundred thousand dollars ($100,000), whichever is less of the costs and expense of the Improvements be paid by the County. The balance of the cost of the Improvements will be borne by and assessed against the property included in the RID herein established. The Board shall assess separately those properties specially benefited by each Improvement. Section 4. Establishment of RID No. 3. There is hereby established a road improvement district of the County to be known as Jefferson County Road Improvement District No. 3 ("RID No. 3"). The boundaries of RID No. 3 shall be as described on Exhibit A, attached hereto and incorporated herein by this reference. It is hereby found that the above-described boundaries embrace as nearly as practicable all the property specially benefited by the Improvements and that the benefits to be derived from the Improvements by the property within RID No. 3, together with the costs of the Improvements to be paid by the County, exceed the costs and expenses of the formation of RID No. 3 and the construction of the Improvements. [Section 5. Method of Assessment. The method of assessment to be used for RID No. 3 is as follows:] Costs shall be assessed by equal shares per lot. There are a total of seventy-two (72) lots, therefore, based on the five hundred thousand dollars ($500,000) preliminary estimate, the cost per lot will be approximately six thousand nine hundred and forty-four dollars ($6,944). Section 6. Assessments. Upon completion of the Improvements, an assessment roll shall be prepared and, at~er notice and hearing in the manner provided by law, an assessment roll shall be confirmed. Assessments not paid within the 30-day prepayment period provided by law shall be payable in installments and the County shall issue road improvement district bonds payable from such unpaid installments. The number of years said installments shall run, the dates of payment of the same and the rate of interest that the unpaid installments shall bear shall be as hereafter fixed by resolution. Section 7. RID No. 3 Fund. There is hereby created a fund of the County to be known as the "Road Improvement District No. 3 Fund" (RID No. 3") for the purpose of paying the cost of the Improvements provided for in this resolution and into which there shall be paid all of the assessments collected in RID No. 3, as and when directed by the resolution confirming the assessment roll. All moneys received from the sale of bonds, notes and warrants drawn on the RID No. 3 Fund shall be deposited into said Fund, and applied solely in payment of the costs and expenses of the Improvements. Section 8. Interim Financing. Pending the issuance of road improvement district bonds, the County may, for the purpose of meeting any and all costs and expenses of constructing the Improvements for which funds are not otherwise available, as the same are installed prior to the sale of the bonds, issue interim financing warrants against the RID No. 3 Fund, or issue road improvement district bond anticipation notes pursuant to RCW Ch. 39.50, bearing interest at such rate or rates and with such terms as may hereinafter be established by the Board by resolution. Such interim warrants or notes, together with the interest due thereon to the date of delivery of the bonds, shall be redeemed and retired from the proceeds of the sale of road improvement district bonds or prepayments of assessments. Such warrants or notes shall be issued in an aggregate principal amount not in excess of the cost and expense of the Improvements. ADOPTED by the Board of CRunty Comm~ssio.ners of Jefferson County, Washington, at a regular open public meeting thereof this c~,/~ rt4 day of ~gf/7~/ , 1996. -- BOARD OF CO]~ COMMISSIONERS ,;'. ,; ,' ',: ' · " ,d' A~EST: . _ Clerk of ~e Bo~d ~ RANGE 1 EAST ,,VOL Bridge View Estates Tracts, Division No. II, as per Survey recorded In Volume 10 of Surveys, page 8, under Auditor's File No. 319291, records of Jefferson County, Washington, being a portion of Government Lots 2 and 3, of the Southeast 1/4 of the Northwest 1/4, and of the Northeast 1/4 of the Southwest 1/4, all in Sectton 35, Township 28 North, Range I East, W.M., In Jefferson County, Washington. Situate in the County of Jefferson, State of Washington. Bridge View Estate Tracts Division No. II1, as per Survey recorded Ma'ch 30, 1989 In Volume 10 of Surveys, page 53, under Auditor's File No. 320667, records of Jefferson County, Washington, being a j:~ortion of the Northwest 1/4 of the Northeast 1/4, and of the Northeast 1/4 of the Northwest 1/4, and of the Southeast 1/4 of the Northwest 1/4, all in Section 35, Township 28 North, Range 1 East, W.M., Jefferson County, Washington. Situate in the County of Jefferson, State of Washington. Survey recorded October 19, 1989 in Volume 10 of Surveys, page 168, under Auditor's File No. 325439, being known as 'Olympic Ridge Estates', and as amended by survey recorded November 17, 1989 in Volume 10 of Surveys, page 178, under Auditor's File No. 326192, both records of Jefferson County, Washington, being a portion of the Northwest 1/4 of the Northwest 1/4, and of the Southwest 1/4 of the Northwest 1/4, and of the Southeast 1/4 of the Northwest 1/4, and portion of all quarters of the Southwest 1/4, all in Section 35, Township 28 North, Range 1 East, W.M., in Jefferson County, Washington. Situate in the County of Jefferson, State of Washington. White Rock Cove Tracts, Division tl, as recorded July 5, 1989, in Volume 10 of Surveys, page 105, under Auditor's File No. 322836, records of Jefferson County, Washington, being a portion 'of the Southwest 1/4 of the Northwest 1/4, Section 26, Township 28 North, Range 1 East, W.M., in Jefferson County, Washington. Situate in the County of Jefferson, State of Washington. White Rock Cove Division IV, Large Lot Subdivisi~, as pe~ plat recorded In Volume 1 of Large Lot Subdivisions, page 17, records of Jefferson County, Washington. Situate in the County of Jefferson, State of Washington. ·