Title
ACCEPTANCE OF A PETITION REQUESTING CREATION OF A ROAD IMPROVEMENT BENEFIT DISTRICT IN REDMOND ESTATES ADDITION AND ACTION TO SET THE DATE AND TIME FOR A PUBLIC HEARING ON CREATION OF THE BENEFIT DISTRICT. DISTRICT 3.
Presented by: Joe L. Norton, Gilmore and Bell, P.C., Bond Counsel.
RECOMMENDED ACTION: Accept the petition. Set May 11, 2016, at 9:00 a.m. for a hearing on the petition. Direct the County Clerk to mail notice of the hearing to all property owners in the proposed benefit district at least 21 days prior to the hearing date.
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Redmond Estates is located on the west side of 119th Street West at 34th Street South. At the time of initial development, the roads in approximately the eastern third of the subdivision were paved. As later phases of the development were completed, the developers chose to install gravel roads. All lots in the subdivision have now been sold to individual owners and many have already had homes constructed on them. The owners of the lots on the gravel roads have been working with Public Works to petition the County to improve the remaining roads with pavement.
Public Works has now received a petition requesting that the gravel roads be paved. There are 32 lots abutting the gravel roads. Of those lots, the owners of 23 lots have signed the petition requesting pavement. Public Works has calculated that the owners of approximately 71% of the property liable for assessment have signed the petition. Statutes require that a petition be signed by the owners of at least 51% of the property. Creation of the benefit district will authorize the County to expend up to $697,000 on the project. The authorization increases by one percent per month from the date of adoption of the authorizing resolution. Upon completion of the project, the County is authorized to sell bonds to finance the project and assess 100% of the actual cost of the project to the properties in the benefit district.
The statutes as amended by...
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