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Res 1178 - PH Traf Sgnl Bi/Kmar .- COUNCIL BILL NO. 1469 RESOLUTION NO. 1178 A RESOLUTION SETTING A PUBLIC HEARING ON THE COUNCIL'S INTENT TO MAKE SPECIAL ASSESSMENT FOR INSTALLATION OF A TRAFFIC SIGNAL AT THE BI-MART/KMART SHARED ACCESS WITH OREGON STATE HIGHWAY 214. WHEREAS, Resolution No. 1172 authorized preparation of an engineering report relating to installation of a traffic signal at the Bi-Mart/Kmart access to Oregon Route 214, and WHEREAS, the engineering report has been prepared and approved by council, and WHEREAS, Ordinance No. 2105 requires that Council declare its intent to make the improvement by special assessment and to hold a public hearing on the improvement, NOW, THEREFORE. THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. That the Council finds that throughout the development of the commercial properties along Hwy 214 that now include Kmart, Bi-Mart. Shop 'n Kart and Pizza Hut, it has been agreed that when a traffic signal was warranted at the shared access point of the commercial properties that the properties would share in the cost of the signal installation. Access permits granted to both retail centers contained. as conditions. that the properties would fund installation of the signal when warranted as a condition of having access granted to the state highway. The State of Oregon Highway Division has completed a traffic signal investigation at this intersection and found that installation of the signal is now warranted. This commitment to fund installation of the traffic signal has been presented to the Woodburn City Council and Planning Commission as the property developed. The City of Woodburn intends to install through special assessment a traffic signal at the Bi-Mart/Kmart shared access to Oregon Route 214. Section 2. That the cost of said improvement shall be at the expense of property specially and peculiarly benefitted by such improvement as listed in Section 3 of this ordinance. Section 3. That the property specially and peculiarly benefitted by such improvement is hereby declared to be the parcels of real property described in the Marion County Record of Deeds as follows: Tax LotI Subdiy Lot a) 42504-143 b) 42504-144 42504-145 c) 42504-704 42504-859 d) 92840-040 e) 92840-041 Page 1 - COUNCIL BILL NO. 1469 RESOLUTION NO. 1178 ----. --'_._------~- .. Owner of Record Woodburn Associates Bi-Mart Corp. Mabel Vaccari Thrifty Realty Co. WWDM Properties J. Larry Fugate Savage. Savage & Brown f) 92840-042 GFI-Woodburn Investments Section 4. That the City Engineer's cost estimate, including already completed design engineering and future construction engineering, finance, legal, and administrative, is $123,000. The benefitted cost of each property is estimated to be $4,804.69 per acre or a total of $123,000. TAX LOT 42504-143 42504-144 42504-145 42504-704 42504-859 92840-040 92840-041 92840-042 ACREAGE 3.07 1.07 6.34 2.93 0.50 3.95 0.69 7.05 TOTAL 25.60 ESTIMATED COST SHARE 14,760 5,143 30,456 14,026 2,404 18,942 3,321 33.948 $123.000 Section 5. That the benefitted property owners shall pay their share: 1) at the completion of the project, or 2) sign the Bancroft application with the city within the allowed time and make yearly payments for a period of ten years. The owners are allowed to payoff the remaining balance at any time during the bonding period. Section 6. That it is estimated that the interest rate will be 7.0 percent. Section 7. That a public hearing on the city's intent to install the traffic signal will be held at 7:00 pm on May 10, 1993 in the Council Chambers of Woodburn City Hall. Approved as to form~.~ ~ City Attorney ~ /22 /c:;-X I Dati ~. . .' . d ? APPROVED:,;::>re>1 ~~ Len Kelley, Mayor Passed by the Council Apri 1 26, 1993 April 27, 1993 April 27, 1993 April 27, 1993 Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST: -1~ ~ ary ennant, Recorder City of Woodburn, Oregon Page 2 - COUNCIL BILL NO. 1469 RESOLUTION NO. 1178 ,.~' ..._-,_.~,---<.,..._~..~t"-.~.-