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Res 978 - Agmt Devel Stacy Alli COUNCIL BILL NO. 1195 RESOLUTION NO. 978 A RESOLUTION APPROVING THE FAIR SHARE COST ALLOCATION AGREEMENT BETWEEN THE CITY AND THE DEVELOPERS OF STACY ALLISON WAY, NAMELY KLAW HOLDINGS, AND AUTHORIZING THE MAYOR AND THE CITY ADMINISTRATOR TO SIGN THE AGREEMENT. WHEREAS, city policies and ordinances a~~ow developers to improve infrastructure (water, sewer, streets) and then restrict connection to adjoining properties until a fair share cost has been reimbursed to the developer, AND WHEREAS, the Developer of Stacy Allison Way has requested that improvements be provided with such a reimbursement policy protection, NOW THEREFORE: THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. That the City of Woodburn enter into a Fair Share Agreement with the Developers of Stacy Allison Way. Section 2. That the Mayor and the City Administrator are authorized to sign and execute said agreement on behalf of the City. Approved as to 77~ iJl2~ City Attorney 2/ g J l' J I Date ' form: APPROVED:~~q1""'tlfi d ~27 ANCY A, K KSEY, MAYOR Passed by the Council February 12, 1990 Submitted to the Mayor February 14, 1990 Approved by the Mayor February 20, 1990 Filed in the office of the Recorder February 20, 1990 ATTEST: (yla(.~ L'~ClJ Mary E, ennant, Deputy Recorder City of l'Ioodburn, Oregon PAGE 1 - COUNCIL BILL NO, 1195 RESOLUTION NO. 978 '.'-y-' V\ ~ c. f' CJ f\. t' 0:J <:J /' ........ C 10 .-1 CL jb!2 () \n I.... "1:, " " -/...\sJ '} ~k} ..:J~() .~ C> -..JCI<;;:) \d1-~ .... c Q) E .... Ul ::> u <: -00--;. .~ ~ :E . ~ ~ ~ ~ ''''L(\JO ",Os.... IN'" Q) C .... -' .... o -' Cll C o .... .... .... .... L 10 CL L o .oJ e <0 o ~ 0. 0. ... ~ 10 :L e L :> D ..OJ U eN U) a o......m .0 ....... 3:C3: .oJe 0 roaN a- c- ClJO o....mL DU())QlIJ ",e .oJ tnU) It) ....... ....... a: >-E DC ......... .a..... .c....... :> ~:> a ..... 0 >- (l)~U"" 3:ffiO ...... 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CLOO CL 4:Cll a: 1-00 .a: -'w '" w '" z o Z ~:z~ ......H :z:ow > ~ ~~~ <( Z -1W:> OW Q..O(f) or -.J) '" \J) N) () c-.. ~ l\) 'oSl <> " " '.0 i() (\I a- <>1) 4' <1-1) --- "I R 1. i? r- ~ .... ;:, ~ '" II) Q: ;:, ~ It) "' 4.1 "" ^ ~ i- " V) C( '.l.l Q:- "- ~ ~\( Q..~ FAIR SHARE COST ALLOCATION AGREEMENT -fA r . I fro THIS AGREEMENT made this.;JO - day of t-e.j,"l~ ,~, between KLAW HOLDINGS, hereinafter called the DEV ER and the CITY OF WOODBURN, a Municipal Corporation, hereinafter called CITY. WHEREAS, the DEVELOPER has installed certain public improvements, and WHEREAS, a portion of these improvements will logically benefit property parcels other than DEVELOPERS, and WHEREAS, the DEVELOPER wishes to be reimbursed for cost incurred in installing improvements which will benefit other properties. IT IS HEREBY AGREED BETWEEN THE CITY AND DEVELDPER AS FOLLOWS: (1) The DEVELOPER has caused to be constructed, at his expense, improvements in accordance with city of Woodburn Standards necessary to properly serve his property. The improvements consist of water. storm sewer, street improvements, and some sanitary sewer along Stacy Allison Way between Evergreen and Lawson in the city of Woodburn. (2) When the owners of the property enumerated in this agreement connect to the street. they shall be charged an amount equal to their proportionate share of the costs of the project as set out below, unless the city is presented with a receipt from the developer for this payment directly to the developer or a waiver for such payment from the developer, The other benefitted properties will pay. in addition, their own connection fees and use fees, The amount paid by each property benefitted toward the construction cost shall be set aside in the collection fund and shall be refunded to the DEVELOPER. The CITY shall p~y~no.int~r~t and charge no interest. on the money and shall refund only the amount it actually received from the property owners, (3) The deferred assessments 'against benefitted properties are limited to construction costs only is listed below. An assessment against a benefitted property shall not exceed 50% of the actual construction cost of the improvement fronting that property. No property shall be assessed an additional cost for a benefit existing to that property at the time of this agreement, PAGE 1 - AGREEMENT ~,,-'---~'~-'-"-"~-"~---- , STREET IMPROVEMENTS TAX MAP FRONTAGE FOOTAGE ESTIMATED ASSESSMENT FINAL ASSESSMENT TAX LOT Section 12 T5S. R2W 44064-000 44068-356 159.25 290.5 10,076.57 18,381.43 $28,458.00 (4) The above costs are based on the current estimates, After the construction is complete and the actual construction costs are available, the City Engineer will fill in the actual construction costs for assessment. (5) No other parcels shall receive deferred assessments and the DEVELOPER shall not be entitled to reimbursement from any other parcel under this agreement, (6) If the DEVELOPER should agree to accept deferred payments paid over a period of time, the DEVELOPER shall be responsible for collecting payments and the CITY shall have no further responsibility to the DEVELOPER. (7) Deferred assessments shall become due at the time a parcel applies to city for connection to Stacy Allison Way. (8) This reimbursement agreement shall not apply to public extensions of the lines described above. (9) Should the DEVELOPER learn of connection to the improvements being made or proposed, he will notify the CITY and the party planning the connection of the existence of this agreement. The DEVELOPER will install permanent signs indicating the restricted use of facilities and connection along the South strip. (10) This agreement shall be in effect for a period of ten (10) years .following the date first \'lritten above. After that time, there shall be no deferred assessment and the DEVELOPER shall be entitled to no reimbursement. APPROVED AS TO FORM:71~~ f)I2~ CITY ATTORNEY I I 2jFj'1D DA E I PAGE 2 - AGREEMENT " I ....- ATTEST: (11 c,^-,-_ /5--,,,\/\ "'.....~T MARY TIUfNANT. DEPUTY RECORDER City of Woodburn, Oregon PAGE 3 - AGREEMENT .. - '1!" DEVELOPER: KLAW HOLDINGS CITY OF WOODBURN .7.,__/-___/~:0 C;;;;.LI/yJ./: NANCY A. IfiRKSEY. MAY9}' ~iu.~ 42-<.~ MICHAEL QUINN'; CITY ADMINISTRATOR ----_.,--~.~....~~-_.~--