This article shall be entitled "A Local Law in Relation to the
Creation of Special Assessment District No. 1 of 1992 in the City
of Saratoga Springs, Saratoga County, New York."
As used in this article, the following terms shall have the
meanings indicated:
ADJACENT PROPERTIES
Real property described by separate tax parcel number the
public water service for which, now or hereafter, is provided, or
will be provided upon proper connection, directly or indirectly, from
the City of Saratoga Springs (the "City") Water Transmission Main
described as follows: Beginning at a point approximately 100 feet,
plus or minus, south of the intersection of Louden Road and Weibel
Avenue and running in a southerly direction on the East side of Weibel
Avenue parallel to the edge of pavement to the intersection of Weibel
Avenue and the entrance to the City Compost Facility; thence in a
southeasterly direction across City property and property reputedly
owned by James Hogan to Old Schuylerville Road; thence in an easterly
direction along Old Schuylerville Road terminating at a point approximately
100 feet, plus or minus, east of the intersection of South Point Road
and Old Schuylerville Road. Notwithstanding the foregoing, City property,
the property commonly known as "Weibel Plaza" and the existing residential
premises owned by James Hogan shall not be "adjacent properties."
DISTRICT
An area of land within the City designated as Special Assessment
District No. 1 of 1992. The District shall consist of and include
certain properties within the area of the City of Saratoga Springs,
New York, commonly known as "Knoll Spring Park" and "Wood Ridge at
Knoll Spring Park." 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 water transmission line and related infrastructure to
be acquired, constructed and installed in the District. 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 provide properties
within the District with City water. The cost of the project shall
be assessed upon those properties 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 must 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 assessed
within the District or from exercising the other powers granted by
this article or other applicable statutes of the State of New York.