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HomeMy WebLinkAbout116-91RESOLUTION NO. 116 -91 A RESOLUTION FOR THE FORMATION OF THE NORTH EAST BEIVEFIT AREA WHEREAS, Diablo Ranch and Dividend Development Corporation (Applicant) have developed subdivisions in Danville that have been conditional to mitigate the transportation impacts on the TOWN infrastructure; and WHEREAS, mitigation of the development impacts are satisfied in part by the formation of the North East Roadway Improvement Assessment District resulting in the construction of transportation improvements; and WHEREAS, Diablo Ranch Development Company and Dividend Development Corporation have submitted an amended application and proposed reimbursement agreement for formation of a benefit area within the Town of Danville; and WHEREAS, Town staff has reviewed the amended application and reimbursement agreement; and WHERF~S, the amended application and reimbursement agreement has been found to conform with Town Ordinance No. 76-85; and WHEREAS, all affected property owners in the Benefit Area have been notified in writing; and WHEREAS, a duly noticed Public Hearing for the formation of the North East Benefit Area has been conducted as required by law at the June 18, 1991 regular council meeting; now, therefore, be it RESOLVED, that the Town Council hereby finds that: (1) all improvements are public improvements and will be accepted by the Town upon completion; (2) the improvements are not located within the boundaries of the of any proposed developments; (3) the public improvements have the capacity and capability of serving and are designed to serve additional properties not within the proposed developments due to the supplemental size, capacity, number or length of the improvement; (4) the proposed benefit area represents a geographical area of property which will benefit directly and substantially by the public improvement; and (5) the method of determining contributions and the amount of contribution is fair and reasonable to both the financing party and the benefitted property owners and fairly distributes the charge among all subject parcels in proportion to the estimated benefit each will receive from the proposed improvements; and, be it FURTHER RESOLVED, that the Mayor be, and hereby is authorized to execute, on behalf of the Town, the North East Benefit Area Reimbursement Agreement by and between the Town and Diablo Ranch Development Company and Dividend Development Company; and, be it FURTHER RESOLVED, that the North East Benefit Area, whose boundaries are described in Exhibit B, is hereby established; and, be it FURTHER RESOLVED, that those properties located within the North East Benefit Area and shown on Exhibit B are hereby declared to be "Benefitted Properties" as defined by Ordinance 76-85, and shall be required to pay the reimbursement payment in the amount and in the manner set forth in North East Benefit Area Reimbursement Agreement. APPROVED by the Town Council of the Town of Danville at a meeting held on June 18, 1991 by the following vote: AYES: GREENBERG, NOES: NONE ABSTAIN: NONE ABSENT: NONE LANE, RITCHEY, SCHLENDORF, SHIMANSKY MAYOR ATTEST: /TY CLE~ APPROVED AS~h ~ i~~