This article shall be entitled "A Local Law to Create a Special
District No. 1 of 2009 in the City of Saratoga Springs, Saratoga County,
New York, to be known as the Gilbert Road II Special Assessment District."
As used in this article, the following terms shall have the
meanings indicated:
DISTRICT
An area of land within the City designated as "Special Assessment
District No. 1 of 2009." The district shall consist of and include
certain properties within the area of the City of Saratoga Springs,
New York. A list describing all such properties constituting the district
is filed in the office of the City Clerk.
PROJECT
The acquisition, construction and installation of the project
facility.
PROJECT FACILITY
The main transmission line and related infrastructure to
be acquired, constructed and installed in the City. A more detailed
description of the project facility is filed in the office of the
Department of Public Works.
The purpose of creating the District is to preserve and protect
the health, safety, comfort and general welfare of the residents in
the District. The project will be undertaken to improve water transmission
Citywide. A part of the cost of the project shall be specially assessed
upon those properties specially benefited within the District.
The City, as authorized under the provisions of the General
City Law, the Municipal Home Rule Law and this article, hereby creates
the District.
The properties to be included in the District shall be accurately
described by boundary description or otherwise.
The City may exercise the following powers with respect to the
District in connection with the project:
A. Acquisition, construction and installation of water transmission
lines and related infrastructure, including the project facility;
B. Construction of facilities such as signs, fire hydrants, and such
other fixtures, equipment facilities and appurtenances in connection
with the project facility;
C. Closing or opening or widening or narrowing of existing streets;
D. Rehabilitation or removal of existing structures, as required;
E. Removal and relocation of utilities, as required;
F. Such other powers as may be necessary to carry out the acquisition,
construction and improvement of the project facility.
The City, for the purpose of providing funds for the cost of
the project facility, may from time to time issue and sell bonds or
other municipal obligations as provided in the New York Local Finance
Law and other applicable state statutes. Principal and interest payments
on such bonds or other municipal obligations may be made in whole
or in part from the proceeds of assessments within the District, but
in no event may installment payments for such assessments for the
project facility be collected over a period of years longer than the
period of probable usefulness of the project facility as set forth
in the Local Finance Law.
The City retains all rights and powers which it now has or may
have in the future. The creation of the District is not to be interpreted
to be an abrogation or diminution of any rights and powers of the
City. This article in no way prevents the City, at any time subsequent
to the creation of the District, from changing the description of
the District or the assessment formulas for properties to be specially
assessed within the District or from exercising the other powers granted
by this article or other applicable statutes of the State of New York.