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Ord 2016-042/approving a service and assessment plan for the Trace Public Improvement District; making a finding of special benefit to the property in the district; levying special assessments against property within the district; establishing a lien on s
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Ord 2016-042/approving a service and assessment plan for the Trace Public Improvement District; making a finding of special benefit to the property in the district; levying special assessments against property within the district; establishing a lien on s
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10/26/2016 4:14:44 PM
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City Clerk
City Clerk - Document
Ordinances
City Clerk - Type
Approving
Number
2016-42
Date
10/18/2016
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3¤¢³¨® 6)) <br /> <br />4(% !33%33-%.4 2/,, <br /> <br />!²²¤²²¬¤³ 2®«« <br />A. <br />4§¤ #¨³¸ #®´¢¨« § ² ¤µ «´ ³¤£ ¤ ¢§ 0 ±¢¤« ¶¨³§¨ ³§¤ 0±®©¤¢³ (¡ ²¤£ ® ´¬¤±®´² ¥ ¢³®±² <br />²´¢§ ² ³§¤ ¯¯«¨¢ ¡«¤ ¹®¨¦ ¥®± £¤µ¤«®¯ ¡«¤ ±¤ þ ³§¤ ´²¤ ®¥ ¯ <br />0±®¯¤±³¸þ ³§¤ 0´¡«¨¢ 0±®¯¤±³¸þ ³§¤ ³¸¯¤² ®¥ 0´¡«¨¢ )¬¯±®µ¤¬¤³²þ <br />¥ ¢³®±² £¤¤¬¤£ ±¤«¤µ ³ ¡¸ ³§¤ #¨³¸ #®´¢¨«) ³® £¤³¤±¬¨¤ ³§¤ ¬ <br />¶¨³§¨ ³§¤ 0 ±¢¤«s <br /> <br />4§¤ A²²¤²²¤£ 0±®¯¤±³¸ ¶¨«« ¡¤ ²²¤²²¤£ ¥®± ³§¤ ²¯¤¢¨ « ¡¤¤¥¨³² ¢®¥¤ <br />¯±®¯¤±³¸ ±¤²´«³¨¦ ¥±®¬ ³§¤ - ©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³² £ ¥´£¤£ ¡¸ ³§¤ - ©®± 0´¡«¨¢ <br />)¬¯±®µ¤¬¤³ 0)$ "®£² 4 ¡«¤ 6))-A ²´¬¬ ±¨¹¤² ³§¤ a11,194,308 ¨ ²¯¤¢¨ « ¡¤¤¥¨³ <br />±¤¢¤¨µ¤£ ¡¸ ³§¤ !²²¤²²¤£ 0±®¯¤±³¸ ¥±®¬ ³§¤ - ©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³²þ ³§¤ ¢®²³² ®¥ ³§¤ <br />0)$ ¥®±¬ ³¨®þ £ ³§¤ Major )¬¯±®µ¤¬¤³ 0´¡«¨¢ )¬¯±®µ¤¬¤³ 0)$ "®£ ¨²²´ ¢¤ ¢®²³² <br />4§¤ ¯ ± ¬®´³ ®¥ ³§¤ Ma©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³ 0)$ "®£² are a11,175,000þ ¶§¨¢§ ¨² «¤²² <br />³§ ³§¤ ¡¤¤¥¨³ ±¤¢¤¨µ¤£ ¡¸ ³§¤ A²²¤²²¤£ 0±®¯¤±³¸ 4§¤ 3¯¤¢¨ « !²²¤²²¬¤³ ¥®± ¤ ¢§ 0 ±¢¤« <br />®± ,®³ ¶¨³§¨ ³§¤ !²²¤²²¤£ 0±®¯¤±³¸ ¨² ¢ «¢´« ³¤£ ¡ ²¤£ ® ³§¤ <br />£¤²¢±¨¡¤£ ¨ 3¤¢³¨® )6-D 4§¤ !²²¤²²¬¤³ 2®«« ¨² ³³ ¢§¤£ §¤±¤³® ² !¯¯¤£¨· ! <br />!² !££¨³¨® « )¬¯±®µ¤¬¤³ 0)$ "®£² ±¤ ¨²²´¤£þ ³§¨² !²²¤²²¬¤³ 2®««þ «®¢ ³¤£ ¨ <br />!¯¯¤£¨· !þ ¶¨«« ¡¤ ´¯£ ³¤£ ³® ±¤¥«¤¢³ ³§¤ ±¤µ¨²¤£ ²²¤²²¬¤³² «¤µ¨¤£ ® ³ <br />Lots. <br />Table VII-A <br />Major Public Improvement PID Bonds <br />Special Benefit Summary <br />Authorized Improvement Total Cost (a) <br />Master Improvements <br />Total Authorized Improvements $ 9,334,058 <br />PID Formation/Bond Cost of Issuance <br />Reserve Fund$869,000 <br />Capitalized Interest$156,000 <br />Underwriter Discount/Underwriter Counsel$335,250 <br />Cost of Issuance$500,000 <br />PID Formation/Bond Cost of Issuance$1,860,250 <br />Special Benefit <br />Total Special Benefit$11,194,308 <br />Projected PID Special Assessment$11,175,000 <br />Excess Benefit$19,308 <br />28 <br /> <br />
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