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HomeMy WebLinkAboutRESOLUTIONS - 01261982 - 82/126THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA Adopted this Order on January 26, 1982 by the following vote: AYES: Supervisors Powers, Fahden, Torlakson, McPeak NOES: None ABSENT: Supervisor McPeak ABSTAIN: None SUBJECT: In the Matter of Establishing ) a Policy for Funding Public ) RESOLUTION NO. 82/126 Improvements in Small ) Assessment Distr i cts ) _______________ ) WHEREAS Chapter 27 of t h e Improvement Act of 1911 (Section 5870 et seq., Streets and Highways Code ) provides that public improvements may be constructed and t h e cost thereof collected by assessment proceedings; and WHEREAS requests for such improvements may originate from the public involved or from the County; and WHEREAS the stat u tes which provide that the payback period be no more than 10 years at a maximum interest rate of 7% necessitate that such work be underwritten by the County inasmuch as the County must provide the money for construction thereby foregoing an investment at a higher interest rate; and WHEREAS other sections of the Improvement Act of 1911 provide for formation of assessment districts more applicable to larger size projects due to the additional cost incurred by bonding requirements; and WHEREAS these other sections allow higher interest rates for bonds, a longer payback period, and do not require mo netary contribution by the County; and WHEREAS the construction involved results in the general benefit of all because of increased property values, reduced road main t enance costs, and general neighborhood enhancement; THEREFORE BE IT RESOLVED that the following Policy on Small Assessment Districts is ESTABLISHED for determining the appl i cability of Chapter 27 of the Improvement Act of 1911 to the processing of small assessment districts: 1. Initiation -Small assessment district proceedings may be initiated in e ither of two ways: (a) Upon petition by affected property owners. (b) Upon demand by the County. 2. Aggregation and Coll e ction -At the option of the Public Works Dir e ctor, se v e ral r eq u es t e d small a ss ess ment districts ma y be periodically combined and processed as a single larger assessment district formed as described below. RESOLUTION NO. 82/126 3. Funding -Small assessment districts petitioned by property owners shall be formed under the Improvement Act of 1911 (S.&H.C. Sec. 5000 et seq.) and funded by the sale of bonds. If the proposed assessment district is of general public interest and benefit, following review and recommendation of the Assessment District Screening Committee, the Board of Supervisors may authorize use of the Improvement Bond Act of 1915 bonds for that assessment district. Small assessment districts may be processed by the County Public Works Department following the procedures of Chapter 27 of the Improvement Act of 1911 and funded through the Public Works Department budget. The Auditor-Controller shall credit money received in payment of the assessment liens to the appropr i ate Public Works accounts. I,,.,.., ce,t/ty that this la• trueandco"ectcopyot an act/on taken and entered on tlte minute, of the Board of Supervlaort on the dat• ahown. ATTESTED: JAN 2 61982 J.R. OLSSON, COUNTY CLERK and ex offialo Clerk of the Bolld =~{ . /) By ·~UJnd..CJ....; 1a.q)_, (J , Deputy Orig. Dept. Public Works (TP ) cc : Auditor -Control l er County Counsel County Administrator Land Development Transportation Planning bo.sm.asses.2.t3 RESOLUTION NO. 82/126