HomeMy WebLinkAboutResolution No. 2008-02Suggested by: City Council
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A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, INITIATING A
LOCAL IMPROVEMENT DISTRICT (LID) IDENTIFIED AS THOMPSON PARK, BEAVER
CREEK ALASKA, MACK, VALHALLA HEIGHTS, AND SUNSET RIM SUBDIVISIONS
PAVING PROJECT.
WHEREAS, pursuant to KMC 16.05.020(b), the City of Kenai City Council desires to
initiate a special assessment district in the above-mentioned paving project; and,
WHEREAS, the proposed Local Improvement District (LID) methodology would include:
• The cost to be shared 50/50 between the City and property owners within
the LID with the City initially paying the full cost of the LID and then reimbursed for
50% of the cost through. assessments on properties within the LID.
• A property within the LID smaller in size than the current minimum lot
size (7,200 s. f.), contiguous to, and in common ownership with another lot, would be
considered as one lot for purposes of the LID.
• Properties greater in size than 1.5 acres (65,340 s. f.) would be assumed
to be 1.5 acres in size for assessment calculation purposes.
o The estimated assessment would be the average of an assessment based
on an equal division between all property owners and an assessment based on the
square footage of the property.
and,
WHEREAS, as required by KMC 16.05.040, the Council directs the City Manager to
investigate and submit a report on the possibility of proceeding with the proposed LID
within sixty (60) days of passage of this resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, a Local Improvement District identified as Thompson Park, Beaver Creek
Alaska, Mack, Valhalla Heights, and Sunset Rim Subdivisions Paving Project is
initiated.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this sixth day of
February, 2008.
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PAT PORTER, MAYOR
ATTEST:
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Carol L. Freas, City Clerk