HomeMy WebLinkAbout2009-089 - incompleteBILL N0.2009-89 ORDINANCE N0.2009-89
AN ORDINANCE DETERMINING THE ADVISABILITY OF THE BRIARCLIFF HILLS -
EAST OF VALLEY PUBLIC IMPROVEMENT PROJECT AND ORDERING THE
ESTABLISHMENT OF THE BRIARCLIFF HILLS -EAST OF VALLEY NEIGHBORHOOD
IMPROVEMENT DISTRICT AND THE PREPARATION OF PLANS AND
SPECIFICATIONS FOR THE PROJECT
WHEREAS, a proper petition was filed with the City Clerk of Riverside, Missouri, on June
25, 2009 (the "Petition"), pursuant to the Neighborhood Improvement District Act (the "Acf~,
Sections 67.453 through 67.475, inclusive, RSMo, as amended, proposing the creation of a
neighborhood improvement district (the "Districf~, legally described on the attached Exhibit A, and
was signed by the owners of at least two-thirds by area of all real property located within the
District; and
WHEREAS, the Boazd of Aldermen of Riverside, Missouri, has reviewed the Petition
proposing the creation of the District for the purpose of completing the Briazcliff Hills -East of
Valley Public Improvement Project ("Project");
NOW, THEREFORE, BE TT ORDAINED BY THE BOARD OF ALDERMEN OF
RIVERSIDE, MISSOURI, AS FOLLOWS:
Section 1. The Boazd of Aldermen finds and determines that the Petition was signed by
the owners of at least two-thirds by azea of all real property located within the District.
Section 2. The Board of Aldermen finds that the Petition was filed in the office of the
City Clerk on June 25, 2009.
Section 3. The Boazd of Aldermen further orders and finds as follows:
a. The project name for the improvements described in the Petition shall be `"The
Briazcliff Hills - East of Valley Public Improvement Project "
b. The nature of the improvements (the "Improvements") is to acquire, construct and
improve certain public street, sidewalk, sanitary and storm improvements and the
management and supervision of construction of such improvements.
a The current estimated construction cost of the Improvements is $520,000.00, with
only $318,130 of such cost plus organizational and administrative costs being
assessment as neighborhood improvement district assessments. This portion of the
final cost of the Project is to be assessed against the property within the District and
the amount of neighborhood improvement district obligations with. respect thereto
shall not exceed such estimated costs by more than 25%.
d. The District is generally bounded on the north by NW Cherokee Drive, on the east
by Riverside city limits, on the south by NW Platte Road and on the west by NW
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A PETITION TO THE CITY OF RIVERSIDE, MISSOURI BY THE
OWNERS OF RECORD OF AT LEAST TWO-THIRDS BY AREA
OF THE REAL ESTATE LOCATED WITHIN THE PROPOSED
BRIARCLIFF HILLS -EAST OF VALLEY NEIGHBORHOOD
IMPROVEMENT DISTRICT REQUESTING ESTABLISHMENT
OF A NEIGHBORHOOD IMPROVEMENT DISTRICT FOR THE
BRIARCLIFF HILLS - EAST OF VALLEY PUBLIC
IMPROVEMENT PROJECT.
RECITALS
A. Pursuant to The Neighborhood Improvement District Act, Sections 67.453 to
67.475 of the Revised Statutes of Missouri (the "Act"), the City of Riverside, Missouri (the
"City") is authorized to establish a neighborhood improvement district in the City upon a proper
petition presented for that purpose signed by two-thirds of the owners of record by area of all
real property located in the proposed district.
B. The Act provides a method by which the City may make, or cause to be made,
and fsnance public improvements and reimburse itself with special assessments against the
property benefitted by such improvements.
C. The Act requires that the petition contain: (1) the project name for the proposed
improvement, (2} the general nature of the proposed improvement, (3} the estimated costs of the
proposed improvement, (4) the boundaries of the proposed neighborhood improvement district to
be assessed, {5) the proposed method or methods of assessment, (6) a notice that the names of
the signers of the petition may not be withdrawn later than seven days after the petition is filed
with the City Clerk, (7) a notice that the final cost of the proposed improvement assessed against
property within the district and the amount of obligations issued therefor shall not exceed the
estimated cost of the proposed improvement as stated in the petition by more than twenty-five
percent (25%); and (g) provisions for maintenance of the project during the term of the payment
of the notes or bonds.
D. The undersigned is the sole owner of real property located within the boundaries
of the proposed Briarcliff Hills -East of Valley Neighborhood Improvement District (the
"District") and hereby files this Petition to request establishment of the District to assist in the
construction of certain street, sidewalk, sanitary and stone improvements and the management
and supervisian of construction of such improvements (the "Improvements") within the District.
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EXHIBIT C
ESTIMATED COSTS OF THE NID IMPROVEMENTS
Description Total Project*
Public Streets and Sidewalks $300,000.00
Public Sanitary Sewer $120,000.00
Public Storm Sewer $100,000.00
Total Project Costs $520,000.00
Portion to be Paid by NID $318,130.00**
*Any one or more of the above Improvements may be selected to be funded from the
District.
t4This is the maximum amount of project construction costs that will be payable from
the NID, All costs in excess of this amount will be paid by the developer of the property.
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