Res 1011 - Cleve St Im Ban Bond
COUNCIL BILL NO. 1241
RESOLUTION NO. 1011
A RESOLUTION AUTHORIZING THE ACCEPTANCE OF CLEVELAND STREET LOCAL IMPROVEMENT
DISTRICT BANCROFT BONDING APPLICATIONS AFTER THE INITIAL APPLICATION FILING
PERIOD.
WHEREAS, the City Council assessed properties within the Cleveland
Street Local Improvement District through the adoption of Ordinance No. 2043 on
June 25, 1990; and
WHEREAS, Oregon Revised Statute 223.210 allows property owners to
finance their assessed costs through the Bancroft Bond program provided the
property owner files an appl ication to pay their assessment in installments
within 10 days after the date of the first publication of the ordinance in the
local newspaper, and
WHEREAS, at the Council's option, applications may be accepted after
the initial application filing period to allow property owners sufficient time
to receive and file the bonding application with the City, now, therefore,
THE CITY OF WOODBURN RESOLVES AS FOLLOWS:
Section 1. That the City Council extend the filing period and accept
the Bancroft Bonding appl ications from property owners within the Cleveland
Street Local Improvement District until August 10, 1990.
Approved as to Form:?/~ k)~ 7- / r- ! 0
City Attorney Date
APPROVED: ~~, ~ ~ . _ /
For: NANC A. KIRKS - MAYOR"...
Passed by the Council
Submitted to the Mayor
Approved by the Mayor
July 23, 1990
(Council President)
July 24, 1990
(Council President)
Filed in the Office of the Recorder
July 24, 1990
ATTEST /lla.~ ~ 'f
Mary Tenn t, Deputy Recorder
City of Woodburn, Oregon
July 24, 1990
PAGE 1 - COUNCIL BILL NO. 1241
RESOLUTION NO. 1011
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