This chapter shall be known as the "Advanced Financed District
Ordinance" for the City of Warrenton.
(Ord. 1043-A § 1, 2000)
As used in this chapter, unless the context requires otherwise,
the following shall be defined as:
"Actual cost"
means all direct or indirect costs incurred by the City in
order to deliver goods and services or to undertake a public improvement.
The "actual cost" of providing goods or services to a property or
a property owner includes the cost, or an allocated portion of the
total amount of the actual cost, of making a good or service available
to the property owner, whether stated at a minimum, fixed, or variable
amount. Actual cost includes, but is not limited to, the cost of labor,
materials, attorney fees, supplies, equipment rental, property acquisition,
permits, financing, engineering, administration, reasonable program
delinquencies, return on investment, required fees, insurance, administration,
accounting, depreciation, amortization, operation, maintenance, repair
or replacement and debt service, including debt service payments or
payments into reserve accounts for debt service and payments of amounts
necessary to meet debt service coverage requirements.
"City"
means the City of Warrenton, Oregon.
"Manager"
means the City Manager or City Manager's designee.
"Recorder"
means the Recorder, Clerk or other person or officer of the
City of Warrenton serving as a Clerk of the City or performing clerical
work of the City, or other official or employee as the governing body
of the City shall designate to act as Recorder.
"Advance financing"
means a developer's or the City's payment for the installation
of one or more public improvements installed pursuant to this chapter
which benefiting property owners may utilize upon reimbursing a proportional
share of the cost of such improvement.
"Advanced financing agreement"
means an agreement between a developer and the City, as authorized
by the City Commission, and executed by the Manager, which agreement
provides for the installation of, and payment for, advance financed
public improvements, and may, in such agreement, require such guarantee
or guarantees as the City deems best to protect the public and benefiting
property owners, and may make such other provisions as the Commission
determines necessary and proper.
"Advanced financing resolution"
means a resolution passed by the Commission and executed
by the Manager designating a public improvement to be an advance financed
public improvement and containing provisions for financial reimbursement
by benefiting property owners who eventually utilize the improvement
and such other provisions as determined in the best interest of the
public by the Commission.
"Benefiting property owner"
means the free holder of record of the legal title to real
property which, by virtue of installation of an advance financed public
improvement, may be served, all or in part, by the same. Where such
real property is being purchased under a recorded land sales contract,
then such purchasers shall also be deemed owners.
"Developer"
means the City, an individual, a partnership, a joint venture,
a corporation, a subdivision, a partition of land or any other entity,
without limitation, who will bear, under the terms of this chapter,
the expenses of construction, purchase installation, or other creation
of a public improvement.
"Proportional share"
means the amount of advanced financed reimbursement due from the benefiting property owners calculated in accordance with Section
3.16.100.
"Capital improvements"
means:
1.
The grading, graveling, paving, or other surfacing of any street;
or opening, laying out, widening, extending, altering, changing the
grade of or constructing any street;
2.
The construction of sidewalks;
3.
The construction or upgrading of any storm drains;
5.
Sanitary sewer improvements; or
6.
Any other public improvement authorized by the Commission.
(Ord. 1043-A § 2, 2000)
Upon receipt of the application for advance financed public
improvements, the City Manager or the City Manager's designee shall
make an analysis of the advance financed public improvements and shall
prepare a report to be submitted to the Commission for review, discussion,
and public hearing. Such report shall include those items submitted
as part of the application package identified above.
(Ord. 1043-A § 6, 2000)
Within a reasonable amount of time after the Manager has completed
his or her analysis, an informational public hearing shall be held
in which all parties and the general public shall be given the opportunity
to express their views and ask questions pertaining to the advance
financed public improvement. Since advance financed public improvements
do not give rise to assessments, the public hearing is for informational
purposes only and is not subject to mandatory termination due to remonstrance.
The Commission has the sole discretion, after the public hearing,
to decide whether or not an advance financing resolution shall be
passed.
(Ord. 1043-A § 7, 2000)
Not less than 10 or more than 30 days prior to any public hearing
being held pursuant to this chapter, the developer, all benefiting
property owners, and the general public shall be notified of such
hearing and the purpose thereof. Public notice shall be accomplished
by a written notice posted at the City office and such other conspicuous
locations as the Commission may determine to be appropriate, and by
a written notice published in a newspaper of general circulation in
the community, once in either of two consecutive weeks prior to the
hearing. Notification of benefiting property owners shall also be
accomplished by regular mail or by personal service. If notification
is accomplished by mail, notice shall be made on the date that the
letter of notification is posted. Failure of any owner to be so notified
shall not invalidate or otherwise affect any advance financing resolution
or the Commission's action to approve or not approve the same.
(Ord. 1043-A § 8, 2000)
After the public hearing, held pursuant to Sections
3.16.070 and
3.16.080, if the Commission desires to proceed with an advance financed public improvement, it shall pass an advanced financing resolution accordingly. The resolution shall designate the improvement as an advance financed public improvement and provide for advance-financed reimbursement by benefiting property owners pursuant to this chapter. When the developer is a private developer, the Commission will enter into an agreement between the developer and the City pertaining to the advance financed public improvement and may, in such an agreement, require such guarantee or guarantees as the City deems best to protect the public and benefiting property owners, and may make such other provisions as the Commission determines necessary and proper.
(Ord. 1043-A § 9, 2000)