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TC Ord. No. 1981-24ORDINANCE NO. #81724 AN ORDINANCE CONCERNING MUNICIPAL SPECIAL OR LOCAL IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO THEIR ACQUISITION AND-TO THE CREATION OF DISTRICTS, SPECIAL ASSESSMENTS, LOANS, AND SECURITIES APPERTAINING THERETO: VALIDATING, RATIFYING, APPROVING, AND CON- FIRMING ACTIONS PREVIOUSLY TAKEN: AND REPEALING COUNCIL ACTION INCONSISTENT HEREWITH. WHEREAS, the Town of Avon (the "Town"), in the County of Eagle, and State of Colorado, is a municipal corporation duly organized and existing under article XX of the Constitution of -the State of Colorado; and WHEREAS, the Town's charter (the "Charter") was duly adopted at a special election held in the Town on June 13, 1978; and WHEREAS, pursuant to article XX of the Colorado Constitution and to Chapter XV of the Charter, the Council of the Town of Avon has determined, and does hereby determine, that it is necessary and for the best interests of the Town and the inhabitants thereof that an ordinance as directed by the Charter for local improvements and for the purposes therein set forth be adopted. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO: Section 1. Short Title. This ordinance shall be known as the "Local Improvements Code." Section 2. Legislative Declaration. It is hereby declared as a matter of legislative determination: A. That the notice herein provided for each hearing or other action to be taken is reasonably calculated to inform each interested person of any proceedings here- under which may directly and adversely-affect his legally protected interests and of his legally protected rights: charter, or statutory provision; and B. That the powers, rights, and privileges herein granted and the duties, disabilities, liabilities, and immunities herein provided comply in all respects with any requirement or limitation imposed by any constitutional C. That for the accomplishment of these purposes, the provisions of this law shall be broadly construed. Section 3. Meanings and Construction. A. Definitions. Except where the context otherwise requires, the definitions in this section govern the interpretation hereof. (1) "Acquire" or "acquisition" means the opening, laying out, establishment, purchase, construction, securing, installation, reconstruction, lease, gift, grant from the federal government, any public body or person, endowment, bequest, devise, condemnation, transfer, assignment, option to purchase, other contract, or other acquirement (or any combination thereof) of facilities, other property, any project, or an interest therein, herein authorized. (2) "Assessable property" means the tracts of land specially benefited by any project the cost of which is wholly or partly defrayed by the,Town by the levy of assessments, except any tract owned by the federal government, in the absence of its consent to the assessment of any tract so owned, and except any street or other public right-of-way of a municipality or public body. (3) "Assess" or "assessment" means the levy of a special assessment, or the special assessment itself, against any tract specially benefited by any project, which assessment shall be made on a front-foot, zone,.unit lot, area, or other equitable basis (or any combination thereof) as may be deter- mined by the Council, but in no event shall any assessment exceed the special benefits to the tract assessed as determined by the Council. (4) "Assessment unit" means a unit or quasi- improvement district designated by the Council for the purpose of petition, remonstrance, and assessment in the case of a combination of projects, pursuant to section 7 hereof. (5) "Bond" means a special obligation payable from special assessments and any other special fund authorized by law, pursuant to section 18 and the following sections. (6) "Cost" or "cost of the project," or any phase of similar import, means all or any part designated by the Council of the cost of any facilities, project or interest therein, being acquired and of all or any property, rights, easements, privileges, agreements, and franchises deemed by the Town to be necessary or useful and convenient therefor or in connection therewith, which cost, at the option of the Council, may include all or any part of the incidental costs pertaining only to the project, including, without limiting the generality of the foregoing, pre liminary expenses advanced by the Town from funds available for use therefor in the making of surveys, preliminary plans, estimates of cost, assessment plats, other pre- liminaries, the costs of appraising, printing, employing engineers, architects, attorneys at law, financial consultants, clerical help, other agents or employees,,the costs of capital- izing interest or any discount, or both interest and discount, on any bonds, of inspection, of any administrative and other expenses of the Town appertaining to the project, and of replacement expenses or for payment or security of principal of or interest on any securities, the costs of making, publishing, posting, mailing, and otherwise giving any notice in connection with the project, the taking of options, the issuance of securities, the filing or recorda- tion of instruments, the levy and collection of special assessments and installments thereof, the costs of reim- bursements by the Town to any public body, the federal government, or any person of any moneys theretofore expended for or in connection with any facility or project, and all other expenses necessary or desirable and appertaining_,to any project, as estimated or otherwise ascertained by the Council. -2- 4 (7) "Curb and gutter project" means any curbs and gutters acquired or improved and appertaining to sidewalks or streets, or both, and all appurtenances and incidentals, including real and other property there- for. (8) "Disposal" or "dispose" means the sale, destruction, razing, loan, lease, gift, grant, transfer, assignment, mortgage, option to sell, other contract or other disposition (or any combination thereof) of facilities, other property, any project, or an interest therein, herein authorized. (9) "District" means the geographical area within the Town designated and delineated by the Council as an improvement district, in which each tract to be assessed therefor is situated. A district may consist of non- contiguous tracts. Districts in the Town shall be designated by consecutive numbers or designated in some. other manner to identify separately each district therein. (10) "Drainage or flood control project" means any natural and artificial watercourses for the collection, channelling,,impounding, or disposition of storm, flood, or surface drainage waters, including ditches, lakes, reservoirs, revetments, canals, levees, dikes, walls, embankments, bridges, sewers, culverts, syphons, sluices, flumes, ponds, dams, retarding basins, and other water diversion and storage facilities, pumping station, gauging station, stream gauges, rain gauges, flood warning service and appurtenant telephone, telegraph, radio and television service, and all appurtenances and incidentals necessary, useful, or desirable for any such facilities (or any.combination thereof), including real and other property therefor. (11) "Engineer" means any engineer in the permanent employ of the Town or any independent competent engineer or architect or firm of such engineers or architects employed by the Town in connection with any facility, property, project, or power herein authorized.. (12) "Equip" or "equipment" means the furnishing of all necessary or desirable, related, or appurtenant facili- ties, or any combination thereof, appertaini.ng to any facilities, property, project, or interest therein, herein authorized. (13) "Facility" means any of the facilities or other property appertaining to any project herein authorized. (14) "Federal government" means the United-States of America or any agency, instrumentality, or corporation hereof. (15) "Hereby," "herein," "hereinabove," "hereinafter," "hereinbefore," "hereof," "hereto," and "hereunder," and any similar terms refer to this law, (i.e. ordinance) and not solely to the particular portion thereof in which such word is used; "heretofore" means before the adoption of this law; and "hereafter" means after the adoption.of this law. -3- (16) "Improvement district" means a "district," as hereinabove defined. (17) "Law" means this Local Improvements Code. (18) "Lighting project" means any facilities for the providing of artificial lighting, and all appurtenances necessary or desirable therefor, including real and other property therefor. (19) "Mailed notice" or notice by "mail" means the giving by the engineer, town clerk, town manager, county treasurer, or any deputy thereof, as determined by the Council, of any designated written or printed notice addressed to the last-known owner or owners of each tract assessed or to be assessed or other designated person at his or their last-known address or addresses, by deposit, at least ten (10) days prior to the designated hearing or other time or event, in the United States mails, postage prepaid, as first-class mail. The failure to mail any . such notice shall not invalidate any proceedings hereunder. The names and addresses of such property owners shall be obtained from the records of the county assessor or from such other source or sources as the engineer, city clerk, city treasurer, county treasurer, or deputy so giving notice deems reliable. Any list_of such names and addresses appertaining to any improvement district may be revised from time to time, but such a list need not be revised more frequently than at twelve (12) months' intervals. Any mailing of any notice herein required shall be verified by the affidavit or certificate of the engineer, town• clerk, town manager, county treasurer, or the deputy mailing the notice, which verification shall be retained in the records of the Town at least until all special assessments and securities appertaining thereto have been paid in full or any claim is barred by a statute of limitations. (20) "Overpass project" means any bridge, viaduct, or other structure or facilities for the transportation of pedestrians, motor and other vehicles, and utility lines, over any street, stream, railroad tracks, and any other way or place, approaches, ramps, structures, cross-walks, sidewalks, driveways, culverts, drains, sewers, manholes, inlets, outlets, retaining walls, artificial lights, pumping equipment, ventilating equipment, and all appurtenances and incidentals necessary, useful, or desirable for any such overpass (or any combination thereof), including real and other property therefor. (21) "Park or mall project" means real property, facilities, and equipment for parks or malls, including without limitation, graded, regraded, gravelled, paved or otherwise surfaced, drained, cultivated, and otherwise improved sites therefor, paths, sidewalks, lighting, grass, trees, shrubbery, beautification, utility relocation, seats, benches, tables, bus stop facilities, rest rooms, green- houses, bandstand and orchestra facilities, auditoriums, arenas, zoo facilities, golf course facilities, club house, tennis courts, swimming pools, bath houses, horseshoe pits, ballfields, boating facilities, swings, slides, other playground equipment, and other recreational facilities, and all appurtenances and incidentals necessary, useful, or desirable for any such park or mall property, facilities, and equipment. (22) "Person" means any human being, association, partnership, firm, or corporation, excluding the Town, excluding any public body, and excluding the federal govern- ment. -4- (23) "Project" means any structure, facility, undertaking, or system which the Town is herein authorized to acquire, improve, equip, maintain, or operate. A project may be located within or without the Town and may consist of all kinds of personal and real property. (24) "Publication" or "publish" in connection with a notice herein authorized means publication in at least one newspaper of general circulation in the Town. Except as herein otherwise expressly provided or necessarily implied, "publication" or "publish" also means publication at least once, the first or only publication being at least eight (8) days prior to the designated time or event. Any such publication shall be verified by the affidavit of the publisher and filed with the town clerk. Nothing herein contained in connection with any provision concerning the publication of an ordinance,either before or after its final passage, shall be construed as requiring its publication in full or in any other manner other than a manner which is in substantial compliance with some method for the passage and publication of an ordinance as provided in the town charter. (25) "Real property" means: (a) Land, including land under water: (b) Buildings, structures, fixtures, and improvements on land; (c) Any property appurtenant to or used in connection with land; and (d) Every estate, interest, privilege, ease- ment, franchise, and right in land, legal or equitable, including, without limiting the generality of the foregoing, condominium units, rights-of-way, terms for years, and-liens, charges, or encumbrances by way of judgment, mortgage, or otherwise,-and the indebted- ness secured by such liens. (26) "Sanitary sewer project" means facilities appertaining to a municipal sanitary sewerage system or part thereof for the collection, interception, transporta- tion, treatment, purification, and disposal of sewage, liquid wastes, solid wastes, night soil, and industrial wastes, including without limitation, asewerage treatment plant, sewerage purification and treatment works, and disposal facilities, drying beds, pumping plant and station, ejector station, gauging station, inlets, connections, laterals, other collection lines, outfalls, outfall sewers, trunk sewers, intercepting sewers, force mains, submains, water lines, sewer lines, conduits, ditches, pipes, and transmission lines, engines, valves, pumps, meters, apparatus, fixtures, structures, buildings, and all appurtenances and incidentals necessary, useful, or desirable for the collection, interception, trans- portation, treatment, purification, and disposal of sewage, liquid wastes, solid wastes, night soil, and industrial wastes (or any combination thereof), including land and other property therefor. -5- (27) "Sidewalk project" means any sidewalk primarily for use by pedestrians, including without limitation, graded, regraded, gravelled, surfaced, macadamized, and paved pedestrian rights-of-way, lighting, and all appurtenances and incidentals (or any combination thereof), including real and other property therefor. (28) "State" means the State of Colorado or any agency, instrumentality, or corporation thereof; and where the context so indicates, "State" means the geo- graphical area comprising the State of Colorado. (29) "Storm sewer project" means facilities appertaining to a municipal storm sewer system for the collection, interception, transportation,-and disposal of rainfall and other storm waters, including without limitation, gauging stations, inlets,. connections, laterals, other collection lines, outfalls, outfall sewers, trunk sewers, intercepting sewers, force mains, submains,-water lines, sewer lines, canals, pipes, transmission lines, natural and.artificial watercourses, wells, ditches-, reservoirs, revetments, engines, valves, pumps, meters, apparatus, fixtures, structures, building, and all appur- tenances and incidentals necessary, useful, or desirable for the collection, interception, transportation, and disposal of rainfall and other storm waters (or any com- bination thereof), including real and other property therefor. (30) "Street" means any street, avenue, boulevard, alley, highway, or other public right-of-way used for any vehicular traffic, but excluding a-sidewalk designed primarily for use by pedestrians. (31) "Street project" means any street, including without limitation, grades, regrades, gravel, oiling, surfacing, macadamizing, paving, cross-walks, sidewalks, driveway approaches, wheelchair ramps, curb cuts, curbs, gutters, culverts, catch basins, drains, sewers, manholes, inlets, outlets, retaining walls, bridges, overpasses,' tunnels, underpasses, approaches, sprinkling facilities, artificial lighting, parkways, malls, grade separators, traffic separators, and traffic control equipment,' street signs, and all appurtenances and incidentals (or any . combination thereof), including real and other property therefor. (32) "Taxes" means general (ad valorem) taxes. (33) "Tract" means any tract, lot, or other parcel of land for assessment purposes, whether platted or unplatted, regardless of lot or land lines. Lots,_ plots, blocks, and other subdivisions may be designated in accordance with any recorded plat thereof. -6- (34) "Underpass project" means any tunnel, tube, or other structure or facilities for the transportation of pedestrians, motor and other vehicles, and utility lines, under any street, stream, railroad - tracks, and any other way or place, approaches, ramps, structures, cross-walks, sidewalks, driveways, culverts, drains, sewers, manholes, inlets, outlets, retaining walls, artificial lights, pumping equipment, ventilating equip- ment, and all appurtenances and incidentals necessary, useful, or desirable for any such underpass (or any combination thereof), including real'and other property therefor. (35) "Warrant" means an interim warrant authorized by section 17 hereof. (36) "Water project" means facilities appertaining to a municipal water system for the collection, transportation, treatment, purification, and distribution of water, including without limitation, springs, wells, other raw water sources, basin cribs, dams, reservoirs, towers, other storage facilities, pumping plants and station, filter plant, purification system, water treatment facilities, power plant, waterworks plant, gauging station, valves, standpipes, connections, hydrants, conduits, flumes, sluices, canals, ditches, water transmission and distribution mains, pipes, lines, laterals, and service pipes, engines, boilers, pumps, meters, apparatus, tools, equipment, fixtures, structures, buildings, and all appurten- ances and incidentals necessary, useful, or desirable for the acquisition, transportation; treatment, purification, and distribution of potable water or untreated water for domestic, commercial, and industrial use and irrigation (or any combination thereof), including real and other property therefor. B. Construction. Except where the context otherwise requires, this ordinance shall be construed as follows: (1) For the purpose of computing any period of time designated here_in,_includinq but_not limited to publications, the day of the first publication, other act, or designated time shall be excluded, and the day of the last publication, other act, or designated time shall be included. (2) Words used herein importing singular or plural number may be construed so that one number includes both. (3) Words importing masculine gender shall be construed to apply to the feminine gender as well. (4) Pronouns include both singular and plural and cover all genders. (5) Sections, subsections, paragraphs, and sub- paragraphs mentioned by number, letter, or otherwise, designate the respective sections, subsections, paragraphs, -and.subparagraphs of this ordinance so numbered or otherwise designated. Section 3. General Powers of Town. The Council, upon behalf of the Town and in its name, without any election, shall have power from time to time to acquire, improve, equip, operate, and maintain, within or without the Town, or both within and without the Town, any project, including without limitation: A. A curb and gutter project; B. A drainage or flood control project; -7- C. A lighting project; D. An overpass project; E. A park or mall project; F. A sanitary sewer project; G. A sidewalk project; H. A storm sewer project; I. A street project; J. An underpass project; K. A water project; and L. Any part of a project herein described or any combination of projects or parts of-projects. Section 5. Collateral Powers. The Council, upon behalf of the Town and in its name, 'for the purpose of defraying all,the cost of acquiring or improving, or acquiring-and improving, any project or projects herein authorized, or any portion of the cost thereof not to be defrayed with moneys available therefor from the general fund, any special fund, or otherwise, shall have power hereunder: A. To levy assessments against assessable property within the Town and to cause the assessments-so levied to be collected; B. To pledge the proceeds of any assessments levied here- under to the payment of special assessment bonds and to create- liens on such proceeds to secure such payments; C. To issue special assessment bonds as herein provided; and D. To make all contracts, to execute all instruments; and to do all things necessary or convenient in the exercise of the powers granted herein or in the performance of the Town's duties or in order to secure the payment of its bonds; provided, however, no encumbrance, mortgage or other pledge of property (excluding any money) of the Town is created thereby; and provided no property (excluding any money) of the Town is liable to be forfeited or to be taken in,payment of the bonds Section 6. Initiating Procedure. A. Whenever the Council shall be of the opinion that the interest of the Town requires any project, the Council, by resolution, shall direct the engineer to prepare: (1) Preliminary plans showing the character and location of the project; (2) A preliminary estimate of the cost of the project, including incidental costs; (3) An assessment plat showing the specially benefited area to be assessed; and (4) A preliminary assessment roll showing the amount estimated to be assessed against each tract in the assessment area. B. The resolution shall describe the project in general terms. -8- C. The resolution shall state: (1) what part or portion of the expense thereof is of special benefit, and, therefore, shall be paid by assessments; (2) What part, if any, has been or is proposed to be defrayed with moneys derived from other than the levy of assessments; and (3) The basis by which the cost will be apportioned and assessments will be levied; D. In case the assessment is not to be made-solely against abutting property, the resolution shall describe . the location of the project and by-apt description designate the improvement district, including the tracts to be assessed; E. In case the assessment is to be-upon the abutting property, it shall be sufficient for the resolution so to state and to define the location of the project to-be made; F. It shall not be necessary-in any case to describe minutely in the resolution each particular tract.to be assessed but simply to designate the property, improvement district, or thelocation so that the various parts to be assessed can be ascertained and determined to be within or without the proposed improvement district.. G. The engineer shall present to the Council and file with the clerk: (1) The preliminary plans; (2) The preliminary estimate of costs; (3) The assessment plat; and (4) The preliminary assessment'roll. H. Upon the filing of the preliminary plans, preliminary estimate of cost, assessment plat-and preliminary assessment roll, the Council shall examine the same;- and if the plans, estimate, and plat are found to be satisfactory, the Council shall make a provisional order by resolution to the effect that such project shall be acquired or improved, or both acquired and improved. Section 7. Combination of Proiects. A. More than one project may be combined in one improvement district when the Council determines such projects may be combined together in an efficient and an economical improve- ment district. B. If in-the combination.of projects, they shall be ' separate and distinct by reason of substantial difference in their character or location, or otherwise, each 'such project may be considered as a unit or quasi-improvement district for the-purpose of assessment. C. In case of such combination, the Council shall designate the project and the area constituting each such unit, and in the absence of an arbitrary and an unreasonable abuse of discretion, its determination that there is or is not such a combination and its determination of the project and the area constituting each such unit shall be final and conclusive. -9- D. The costs of acquiring or improving,, or acquiring and improving, each such pro-ject shall be segregated for the levy of assessments, and an equitable share of the incidental costs shall be allocated:to each such unit. -Section 8. Effect of Estimates. Any estimate required or authorized herein shall not-constitute a limitation. upon such cost nor a limitation upon the rights and powers of the Council or any officers, agents, or employees of the Town, except as herein otherwise expressly stated. Section 9. Provisional Order Hearing and Notice-Thereof.. A. In the provisional order made.as provided in subsection H of section 6 hereof, the Council shall set a time at least ten (10) days thereafter- and a place at which the owners of the tracts to be assessed or any other persons interested therein may appear before the Council and be heard as to the propriety and advisability of acquiring or improving, or acquiring and improving, the project or projects provisionally ordered and additionally as to: (1) The estimated cost thereof and, (2) The estimated amount thereof to be assessed against each tract in the improvement district. B. Notice shall be given: (1) By publication, and (2) By mail. C. Proof of publication shall be by affidavit of the pub- lisher. D. Proof of mailing shall be by affidavit of the engineer, clerk, or any deputy mailing the notice. E. Proof of publication and proof.of mailing shall be maintained in the records of the Town until all the assess- ments appertaining thereto shall have been paid in full, principal, interest, any penalties, and any collection costs. F. The notice shall state: (1) The kind of project or projects-proposed (without mentioning minor details or incidentals; (2) The estimated-cost of the projects and the part or portion, if any, to be paid from sources other than assessments; (3) The basis for apportioning the assessments, which*,assessments shall be in proportion to the special benefits derived to each of the several tracts comprising- the assessable property and on a front-foot, area, zone, unit lot, or other equitable basis, or any combination thereof (but irregular shaped tracts may be otherwise assessed according to benefit); (4) The number of installments and the time in which' the assessments will be payable; f -10- (6) The extent of the improvement district to be assessed (by boundaries or other brief description); (7) The time and the place when and where the Council will consider the ordering of the proposed projects and will hear all complaints, protests, and objections that may be made in writing and filed with the clerk of the Town at least one day prior thereto or may be made verbally at said hearing concerning the same by the owner of any tract to be assessed or by any person interested;'and (8) The fact that the description of the tracts to be assessed, the amount estimated to'be assessed against each such tract, and all proceedings in the premises are on file and can be seen and examined at the office of the clerk during business hours at any time by any person so interested. G. If any project will result in any substantial change in any existing street elevation or grade, it shall be sufficient for the notice required in this section merely so to state without stating a description of the extent or the location of such change. H.- No substantial change in the improvement district, details, preliminary plans or specifications, or estimates shall be made after the first publication or mailing of notice to property owners, whichever occurs first, except for the reduction in any estimate and except for any deletion of a portion of a project and property from the proposed program and improvement district or any assessment unit. I. The engineer, however, shall have the right to make minor-changes in time, plans, and materials entering into the work at any time before its completion. J. Nothing in this section shall be construed to limit the amount finally assessed as herein provided. Section 10. Provisional Order Hearing. A. On the date and at the place fixed for-such hearing, .any and all property owners interested-in such project may by specific and written complaints, protests,-or objections present their views in respect to the proposed projects to the Council or may present them orally. The Council may adjourn the hearing-from time to time. B. After the hearing has been concluded, after all written complaints, protests, and objections have been read and duly considered- and after all persons desiring to be heard in person have been heard, the Council shall consider the argu- ments, if any, and any other relevant material put forth. C. Thereafter if the Council shall determine that the public welfare does not warrant that the proposed project-or a part thereof be made, the Council shall make an order by resolution to that effect; and thereupon the proceeding for the project or for any part thereof determined against-by such order shall stop and shall not be begun again until the adoption of a new resolution. D. The Council shall forthwith defray any expenses, theretofore accruing and appertaining to any project or any part thereof so ordered not to be made. E. Any complaint, protest, or objection to the regularity, validity, and correctness of the proceedings and instruments taken, adopted, or made prior to the date of said hearing shall be deemed waived unless presented in.writing on specific grounds at the time and in the manner herein provided. -11- Section 11. Post-Hearing Procedure. A. After the hearing, after the Council- has disposed of all complaints, protests, and objections, verbal and in writing, the Council shall determine whether to proceed with the improvement district and with each assessment unit therein, if there be more than one. B. If the Council desires to proceed;- it shall direct the engineer by motion or by resolution to prepare and to present to the Council: (1) A revised and detailed-estimate of-the total cost, including, without limiting the generality of the foregoing, the cost of acquiring or improving, or acquiring and improving, each proposed project and of each of the incidental costs, which revised estimate shall not constitute a limitation for any purpose, except as herein otherwise provided; (2) Full and detailed plans and specifications for each proposed project; and (3) A revised map and assessment plat showing, respectively, the location of each project and the tracts to be assessed therefor. C. That resolution, a separate resolution, or the ordinance creating the improvement district may combine or may divide the proposed project or projects appertaining to the district and any other facilities into suitable construction units for the purpose of letting separate and independent contracts, regardless of the extent of any project constituting an assess- ment unit and regardless of whether a portion or none of the cost of any project is to be defrayed other than by the levy of special assessments. D. Nothing, however, herein contained shall-be.construed as not requiring the segregation of costs of unrelated projects for assessment purposes, as herein provided. Section 12. Creation of District. A. When an accurate estimate of cost, full and detailed plans and specifications, and map are prepared, are presented, and are satisfactory to the Council, it,shall,by motion or - resolution accept such filings and direct the engineer or appropri- ate Town employees to enter into a contract pursuant to Section 14. It shall thereafter by ordinance create the district. B. The ordinance shall prescribe: (1) The extent of the improvement district by boun daries or by other brief description and similarly of each assessment unit therein, if there be more than one; (2) The kind and location of each project proposed (without mentioning minor details); (3) The amount or the proportion of the total cost to be defrayed by assessments, the method of levying assess- ments, the number of installments, and the times in which the costs assessed will be payable; and -12- units. 0 (4) The character and the extent of any construction C. The engineer may further revise such cost, plans and specifications, and map from time to time for all or any part of-any project; and the proceedings required by this section, may be appropriately amended prior to entering into any construction contract therefor and prior to any property being acquired or any work being done. Section 13. Methods of Acquisition or Improvement.. A. Any construction work for any project shall be done in either of the following ways: (1) By independent contract; or (2) By any public body or by the federal government acquiring or improving a.project or any interest therein which is herein authorized which results in general benefits to.the Town and in special benefits to the-assessable property being.assessed therefor by the Town within -its boundaries. ,B. Any project or any interest therein not involving construction work appertaining to a capital improvement may be acquired or improved pursuant to any appropriate contract, or otherwise, including, wihtout limiting the generality of the foregoing, the condemnation or other acquisition of real property. In such case nothing herein in subsection A of - this section 13 nor in sections 14 and 15 inclusive, shall be applicable. C. Notwithstanding the project herein authorized-or any interest therein may be located on land, an easement or other interest therein, or other real property owned by the federal government or by a public body, the Town shall have the power; (1) To acquire or improve, or both acquire and improve, or to cooperate in the acquisition or improvement of,,or both the acquisition and improvement of, the project or any interest therein with the federal government or with any.public body pursuant to agreement between or among the Town and such other bodies corporate and politic so long as the project or the interest therein acquired or improved, or both acquired and improved, results in general benefits to'the Town'and in special benefits to the assessable-,property being assessed therefor by the Town within its boundaries; (2) To levy special assessments on such assessable property to defray all or any part of'the-costs of the project or any interest therein or to defray-all or any part of the Town's share of such costs if-all costs are not being defrayed by the Town; and - - (3) To issue bonds and to exercise other powers herein granted and appertaining to such acquisition or improvement, or both such acquisition and improvement. Section 14. Construction Contracts. A. No contract for doing construction work for acquiring or improving the project contemplated shall be made or shall be-awarded nor shall the Council incur any expense or any liability in relation thereto, except for maps, plats, diagrams, estimates, plans, specifications, and notices until after the provisional order hearing and notice thereof provided for herein have been given and had. -13- • B. Nothing contained in this section shall be construed as preventing"the"Council from advertising by publication for proposals, or, to the extent herein permitted, negotiating contracts for doing the work whenever the Council-sees fit, but the contract shall not be made or shall not be awarded before the time stated in subsection A of this section 14. C. Except as provided in subsection D of this section 14, in the case of construction work done by"independent contract for any project or portion thereof in any improve- ment district, the engineer or any purchasing officer of the Town, as provided by the Council, shall request com- petitive bids and publish notice stating that bids will be received at a time and at a place designated therein, in accordance with paragraph (24), subsection A , section 3, hereof. In such cases, the Town may contract only with the responsible bidder submitting the lowest.and best bid upon proper terms, but the Town shall have the right to reject any and all bids and to waive any irregularity in any "bid. D. Contracts may be entered into by the Town, without competitive bidding"or other compliance with subsection C of this section 14 upon the request or with the assent of the owners of not less than sixty percent (60%) of the property to be assessed in the district or assessment unit. E. Any contract may be let on a lump-sum or a unit basis. F. No contract shall be entered into for such work unless the contractor shall give an undertaking witha sufficient surety or sureties approved by the Council and in an amount" fixed by it for the faithful performance of the contract. G. Upon default in the performance of any contract; the engineer, or-any purchasing officer, as directed by motion of the Council, may enter into a contract for the remainder of the work without further Council action and may deduct the cost from the original contract price and may recover any excess"cost by suit on the original bond, or otherwise. H. If any contract or any agreement shall be made in violation of the provisions of this section, it shall be- voidable, and no action shall be maintained thereon by any party thereto against the Town, but the invalidity of the contract shall not preclude the valid levy of assessments" pursuant to this ordinance. "I. The Council, except as hereinabove expressly limited, may in entering into contracts impose such conditions with regard to bonds and to securities, and such guaranties-of good-and faithful performance, completion of any work, and the keeping of the same in repair, and may provide for any further matter or thing in connection therewith as may be considered by the Council to be advantageous to the Town and to all interested persons. Section 15. Cooperative Construction. A. In the case of construction work done by agreement 'with the Town and with one or more public bodies or with the federal government (or any combination thereof) for any project or any portion thereof in any improvement district, the'Town may enter into and may carry out any contract or may establish or may comply with the rules and regulations -14- concerning labor and materials and other related matters in connection with any project or any portion thereof as the Town may deem desirable or as may be requested by the federal government or by any public body which is a party to any such contract with the Town that may assist in the financing of any-project or any part- thereof, regardless of whether the Town is a party to any construction contract or to any other contract appertaining to incurring costs of the project. B. Any project or projects any portion of the cost of which may be defrayed by the Town by the levy of special assessments hereunder may be acquired with the cooperation and the assistance of, or under a contract or contracts let by, or with labor, or supplies and materials, or all of such furnished by any one or more such public bodies or by the federal government (or any combination thereof). C. Advantage may be taken of any offer from any source to complete any project or projects on a division of expense or responsibility. D. The engineer, on behalf of-and in the name of the Town, is authorized to acquire or improve, or acquire and improve, any such project or projects in such a manner when so authorized by the ordinance creating.the improvement district or by any amendment thereto. Section 16. Use of Existing Improvements. After the provisional order hearing and at the time of the passage of the ordinance creating any improvement district and any projects for the improvement district, or any amendment thereof, if-any tract to be assessed in the improvement district has the whole or any part of the proposed projects, conforming to the general plan, the same may be adopted in whole or in part or may be changed to conform to the general plan, if deemed practical; and the owner of such real estate' shall, when the assessment is made, be credited with the amount which is saved by reason of adapting or of adopting such existing improve- ments.. Section 17. Interim Warrants. A. For the purpose of paying any contractor of or other- wise defraying any costs of the project'as the same become due from time to time until moneys are available therefor from the levy and collection of assessments and from any issuance of bonds, the Council may issue interim warrants. B. Any interim warrants issued for any construction work shall be issued only upon estimates of the engineer. C. Any interim warrants shall bear such date or dates, shall mature in such denomination or denominations at such time or times or at any time upon call, shall bear interest _at a rate or rates and shall be payable in such medium of payment at such place of places within and without the State, as the Council may determine. D. Any interim warrants may be issued with privileges for registration for payment as to only principal or as to both principal and interest, may be negotiable or non- negotiable, shall be special obligations payable from designated special assessments, any bond proceeds, and any other moneys designated to be available for the redemption of such interim warrants, and generally shall be issued in such manner, in such form, with such recitals, terms, covenants, and,conditions, and with such other details as may be provided by the Council by ordinance. -15- Section 18. Issuance of Bonds. A. The Council shall have power to cause to be issued on behalf of the - Town negotiable, coupon bonds in an amount not exceeding the estimated cost of the project or part thereof to be defrayed by the levy and collection of assess- ments. B. Any bonds issued pursuant hereto shall be sold at public or private sale in such manner as may be approved by the Council to defray the cost of the project, including all proper incidental expenses. C. Bonds shall be sold for not less than the principal amount thereof and accrued interest thereon, or, at the option of the Council, below par at a_discount. D. The Council may employ legal, financial, engineering, architectural and other expert services'in connection with any project herein authorized and with the authorization, -issuance, and sale of bonds. E. Any accrued interest and any premium shall be applied to the payment of the interest on or the principal of the bonds or of both interest and principal. F. Any unexpended balance of such bond proceeds remaining after the completion of the project for which such bonds were issued-shall be paid immediately into'the fund created for the payment of the principal of and the interest on the bonds and shall be used therefor, subject to the-provisions as to the times and the methods for their payment -as stated in the bonds and in the proceedings authorizing their issuance. G. The validity of said bonds shall not be dependent on nor affected by the validity or the regularity of any proceedings relating to the acquisition or improvement, or acquisition and improvement, of any project for which the_ bonds are issued. H. The purchaser or purchasers of the bonds shall in no manner be responsible.for the application of the proceeds of the bonds by the Town or by any of its officers, agents, and employees. I. The Council may enter into a contract to sell bonds. at any time; but, any other provisions hereof notwithstanding, if the Council so contracts before it awards a-construction contract or otherwise contracts for acquiring or.improving, or acquiring and improving, the project, the Council may terminate the contract to sell the bonds if, before the awarding of the construction contract or otherwise contracting for the acquisition or improvement, of the project, it-determines not to acquire or improve, or acquire and improve, the project and if the Council has not elected to proceed under subsections B or C of section 13 hereof but has elected to proceed-by independent contract pursuant to paragraph (1), subsection A, thereof, if at all. Section 19. Use of Assessments; Payment of Bonds. A. The assessments when levied shall be and shall remain a lien on the respective tracts assessed until paid as pro- vided herein.- -16- B. When assessments are collected, principal, interest and any penalty, they shall be placed in a special fund and as such shall at all times constitute a sinking fund for and be deemed specially appropriated to the payment of-the bonds and the interest thereon and shall not be used for any other purpose until the bonds and the interest thereon are fully paid; or if no bonds be issued, all assessments upon their payment shall be so appropriated and so used to defray the costs of such project. C. The bonds, both principal and interest, shall be pay- able only out of moneys collected on account of the assessments (including installments thereof, interest thereonV and any - penalties) for the projects in any district, except as herein- after provided. Section 20. Incontestable Recital in Bonds. A. Any ordinance authorizing any bonds hereunder may provide that each bond therein authorized shall-recite that it is. issued under authority hereof. B. Such recital shall conclusively impart full compliance with all of the provisions hereof, and all bonds issued con- taining such recital shall be incontestable for any cause whatsoever after their delivery for value. . Section 21. Maximum Bond Interest Rate. Bonds shall not bear interest at any time at a rate exceeding the interest rate (or lower or lowest rate if more than one) borne by the unpaid principal of the assessments payable in installments. Section 22. Bond Limitations and Details: A. All bonds issued hereunder shall- be issued upon estimates of the engineer and upon order of the Council. B. Any bonds shall bear such date or dates, shall mature in such denomination or denominations-at such time or serially at such times, but in no event after that date which-is two (2) years after the last assessment installment payment date, shall bear interest which may be evidenced by one or by two sets of coupons, payable annually or semiannually, except that the first coupon or coupons on any bond may represent interest, or interest on any bond registered for payment as to interest may accrue to the first interest payment-date, for any period not in excess of three (3) years, as may be provided by ordinance; and any bonds shall be payable in such medium of payment at such place or places within or without the State, including but not limited to the office of the county treasurer, and at the option of the Council may be made subject to prior redemption in advance of maturity, in such order or by lot or otherwise, as may be provided by ordinance. C. Bonds may be-issued with privileges for registration for payment as to principal or as to both principal and in- terest, and where interest accruing on the-bonds is not represented by interest coupons, the bonds may provide for the endorsing of payments of interest thereon. D. The bonds generally shall be issued in such manner, in.such form, with such provisions for conversion into bonds of other denominations, with such provisions for-reissuance, with such recitals, terms, covenants and conditions, and, with such other details as may be provided by the Council in the ordinance or ordinances authorizing the bonds, except as herein otherwise provided. -17- E. Pending preparation of the definitive bonds, temporary bonds in such form and with such provisions as the Council may determine may be issued. F. Subject to the payment provisions herein expressly provided, the bonds, any interest coupons thereto attached, and any temporary bonds shall be fully negotiable within the meaning of and for all the purposes of the Uniform Commercial Code - Investment Securities. .G. Notwithstanding any other provision of law, the Council in any proceedings authorizing bonds hereunder: (1) May provide for the initial issuance of one or more bonds (in this subsection G called "bond") aggregating the amount of the entire issue or any portion thereof; (2) May make such provision for installment payments of the principal amount of any such bond as it may consider desirable; (3) May provide for the making of any such bond payable to bearer or otherwise, registrable as to principal or as to both principal and interest, acid where interest accruing thereon is not represented by interest coupons, for the endorsing-of payments of interest on such bond; and (4) May make provision in any such proceedings for the manner and the circumstances in and under which any such bond may in the future at the request of the holder thereof be converted into bonds of smaller denominations, which bonds of smaller denominations may in turn-be either coupon bonds or bonds registrable as to principal or as to both principal and interest, or either, at the option of the holder. H. Any bond shall be executed in the name of and on behalf of the Town, shall bear the designation of the district, and shall be signed as provided by the Council. 1. Except for such bonds which are registrable for payment of interest, interest coupons payable to bearer shall be attached to the bonds and shall bear the original or the facsimile signature of any officer of the Town as provided by the Council. J. Any officer authorized to sign any bond by the Council may execute or may cause to be executed with a facsimile signature in lieu of his manual signature any bond herein authorized; provided., however,that at least one signature required or permitted to be placed on each bond shall be, manually subscribed, and his facsimile signature has the same legal effect as his manual signature. Nothing herein contained, however, shall be construed as requiring coupons to bear a manual signature. K. The clerk may cause the seal of the Town to be printed, engraved, stamped, or otherwise placed in facsimile on any bond. L. The bonds and the coupons bearing- the signatures of the officers in office at the time of the signing thereof shall be the valid and binding obligations of the Town, not- withstanding that before the delivery thereof and payment therefor, any or all of the persons whose signatures appear thereon shall have ceased to fill their respective offices. -18- M. Any officer herein authorized or permitted to sign any bond, at the time of its execution and of the execution of a signature certificate, may adopt as and for his own facsimile signature the facsimile signature of his pre- decessor in office in the event that such facsimile signature appears upon the bond or upon the coupons pertaining thereto or upon both the bond and such coupons. Section 23. Special Obligations. A. Bonds issued pursuant to this law shall not be a debt of the Town within the meaning of the Charter provisions concerning debt limitations and elections, nor shall the bonds be payable out of any funds other.than the special assessments (including installments thereof, interest thereon, and any penalties) and other funds and moneys pledged to the payment thereof, as herein authorized. B. Each-bond issued under this law shall recite in sub- stance that said bond and the interest thereon are payable solely from the special assessments and other funds and moneys pledged to the payment thereof. C. The payment of bonds shall not be secured by an encumbrance, mortgage, or other pledge of property of the Town, except for such special assessments and other funds and moneys pledged for the payment of bonds. No property of the Town, subject to said exceptions, shall be liable to be forfeited or to be taken in payment of the bonds. Section 24. Additional Security. Whenever an improvement district has paid and cancelled three-fourths (3/4) of its bonds issued and for any reason the remaining assessments are not paid in time to redeem the final bonds of the district, then the Town shall gay said bonds when due and reimburse itself by collecting the unpaid assessments due said district. Section 25. Permissive Additional Security. In addition to the additional security provided for in section-24 hereof, and not in limitation thereof, the Town may further additionally secure the payment of bonds of any district, both as to principal and interest, as may be provided by the bond ordinance and permitted by the Charter, as hereafter from time to time amended, including without limitation, section 15.3 and 15.4(a) thereof. Section 26. Redemption of Bonds. Whenever considered advisable by-the town manager, he may, and whenever funds may be in his hands to the credit of any district exceeding the amount of interest on the unpaid principal becoming due on and prior to one- year next after the last interest payment date, and, if maturing serially, the principal becoming due on the next principal payment date, he shall, subject to the provisions concerning the payment of bonds of the district prior to maturity in the bonds and in any ordinance appertaining to their issuance, by-publication as provided in the -bond ordinance, at least once not less than fifteen (15) days prior to the redemption date, call in a suitable number of bonds of the district for payment, for the principal amount thereof, accrued interest to-the redemption date, and any prior redemption premium due thereon. After the redemption date so designated, interest on the bonds so called shall cease. Nothing herein contained shall be construed as preventing the Town from providing that such bonds shall be redeemed only on interest payment dates.- The notice shall specify the bonds so called by number, and all such bonds shall be paid in the order designated in any such ordinance. The holder of any bonds may at any time furnish his post office address to the town manager, and in such case a copy of such advertisement shall be mailed by the town manager to the holder of the bonds called at such address not later than three (3) days after the date of such publication. -19- Section 27. Remedies. A. Subject to any contractual limitations binding upon the holders of any issue or series of bonds'or trustee therefor,-including.but not limited to the restriction of the exercise of any remedy to a specified proportion, percentage, or number of such holders, any holder of bonds or trustee . therefor shall have the right and power for the equal benefit and protection of all holders of bonds similarly situated: (1) By mandamus or by other suit-, action, or pro- ceeding at law or in equity to enforce his rights against the Town and against its Council and any of its officers, agents, and employees and to require and to-compel the Town or its Council or any such officers, agents, or employees to perform and to carry out its and their duties, obligations, or other commitments under this ordinance, the bond ordinance and the assessment ordinance, and under its and their covenants and agreements with the bondholders;' (2) By action or by suit in equity to, require the Town and its Council to account as if they were the trustees of an express trust; (3) By action or by suit in equity to have appointed a receiver, which receiver may take possession of any accounts and may collect, receive, and apply all-revenues or other moneys-.pledged for the payment of the bonds in the same manner as the Town itself might do; (4) By action or by suit in equity to enjoin any . acts or'things which might be unlawful or might-be in violation of the rights of the bondholders; and (5) To bring suit upon the bonds. B. No right or remedy conferred by this ordinance upon any holder of bonds or any trustee therefor is intended to be exclusive of any other right or remedy, but each such right-or remedy is cumulative and is in addition to every other right or remedy and may be exercised without-exhausting and without regard to any other remedy conferred.by this ordinance or by any other law. The-failure of any bond- holder so to proceed as herein provided shall.not relieve the Town, its Council, or any of its officers, agents, and employees of any liability for failure to perform or to carry out any duty, obligation, or other commitment.- Section.28. Reissuance of Bonds. A. In case any outstanding bond shall become mutilated or be destroyed, stolen, or lost, the Town may deliver a new bond (with any appropriate coupons attached) of like tenor, number, and amount as the bond and the appurtenant coupons, if any, so mutilated, destroyed, stolen, or lost, in exchange and substitution for such mutilated bond and upon surrender of such mutilated bond and appurtenant coupons, if any, or in lieu of and substitution for the bond and the appurtenant coupons, if any, destroyed, stolen, or lost:. (1) Upon filing with the Town evidence satisfactory to it that such bond'and appurtenant coupons, if.any, have been destroyed, stolen, or lost and proof of ownership thereof; and -20- • (2) Upon furnishing the Town with indemnity satisfactory to it and upon complying with such other reasonable regulations as the Town may prescribe and upon paying such expenses as the Town-may incur in connection therewith. B. The Town may reissue any bond under any other circumstances in exchange for any outstanding bond or bonds appertaining to~the district to which each reissued bond appertains, as provided in section 22 hereof, without substantially modifying the Town's obligation evidenced thereby, upon complying with such reasonable regulations as the Town may prescribe and upon paying such expenses as the Town may incur in connection therewith. Section 29. Statement of Cost of Project. Upon the completion of any project in any district, or-'in the case of assessment units upon completion from time to time of a project in any assessment unit or after the determination of the net cost to the Town, and upon the acceptance thereof by the Council, or whenever the total cost of such project can be definitely ascertained, and upon the Council's determination to assess all or a part of the cost thereof, the engineer shall prepare and shall furnish to the Council a statement showing the total cost of the projector of any such part or parts thereof. Section 30. Order for Proposed Assessment Roll and Form Thereof. A. Thereupon (or if assessments are to be levied on estimates, at any time after (a) the award of the construction contract or contracts, pursuant to sections 14 and 15 hereof, or (b) the determination of cost made by the engineer if pursuant to section 13 hereof, the Town will not enter into a contraction contract) the Council by resolution: (1) Shall determine the cost of the project to be paid by the assessable property in the improvement district; (2) Shall order the engineer to make out an'assessiment roll containing, among other things: (a) The name of each last-known owner-of each tract to be assessed or, if not known, that the name is "unknown," and (b) A description of each tract to be assessed and the amount of the proposed-assessment thereon, apportioned upon the basis for assessments stated in the provisional order for the hearing on the project; and (3) Shall cause a copy of the resolution to be fur- nished by the town clerk to the engineer. B. In fixing the amount or the sum of required to pay the costs of the project, not necessarily be governed by the estima such project provided for herein, but the other sum within the limits prescribed as to cover the cost of the project. money that may be the Council- need tes of the costs of Council may fix such it may deem necessary -21- C. If by mistake or otherwise any person is improperly designated in the'assessment roll as the owner of any tract or if the same is assessed without the name of the owner or in the name of a person other than the owner, such assessment shall not for that reason be vitiated, but it shall in all respects be as valid upon and against such tract as though assessed in the name of the owner thereof; and when the assessment roll has been confirmed, such assessment shall become a lien on such tract and shall be collected as provided by law. Section 31. Method of Computing and Limitations Upon Assessments. A. If the assessment is made upon the basis of frontage, the engineer shall assess each tract with such relative portion of the whole amount to be levied as the length of front of such premises bears to the whole frontage of all the tracts to be assessed, and the frontage of all tracts to be assessed shall be deemed to be the aggregate number of feet as determined upon for assessment by the engineer. B. If the assessment is directed to be according to an area, zone, unit lot, or another equitable basis other than a front-foot basis, the engineer shall assess upon each tract such relative portion of the whole sum to be levied as is proportionate to the estimated benefit according to such basis. C. Regardless of the basis used, in cases of irregular shaped tracts where the uniform basis is determined by Council to be inequitable, an amount apportioned thereto shall be in proportion to the special benefits thereby derived. Section 32. Preparation of Proposed Roll. A. Upon receiving the report mentioned-in section 30 hereof, the engineer shall make an assessment roll and state a proposed assessment therein upon each tract so reported - to him, and by such proposed assessments he shall defray the whole amount or amounts of all charges so directed to be levied upon each of such tracts respectively. When com- pleted, he shall report the assessment roll to the Council. B. When any assessment is reported by the engineer to the Council as directed in this section, the same shall be filed in the office of the town clerk and numbered. Section 33. Notice of Assessment Hearing. A. Upon receiving the assessment roll, the Council by resolution: (1) Shall fix a time and a place when and where complaints, protests, and objections that may be made in writing or-may be-made verbally concerning the same by the owner of any tract or by any person interested may be heard; and (2) Shall order the town clerk to give notice of said hearing. B. The town clerk shall give notice by publication and by mail of the time and the place of such hearing, which notice shall also state: office; (1) That the assessment roll is on file in this (2) The date of filing the same; -22- (3) The time and place when and where the Council will hear all complaints, protests, and objections that may be made in writing or may be made verbally to the assessment roll and to the proposed assessments by the parties thereby aggrieved; and (4) That any complaint, protest, or.objection to the regularity, validity, and correctness of the proceedings, of said assessment toll, of each assessment contained_ therein, and of the amount-thereof levied on each tract shall be deemed waived unless filed in writing on specific grounds with the town clerk at least one (1) day prior to the-assessment hearing. Section 34. Assessment Hearing. - A. At the time and the place so designated, the Council shall hear and shall determine any written complaint, protest,. or objection filed as hereinabove provided, any verbal views expressed in respect to the proposed assessments, to the assess- ment roll, or to the assessment procedure;. and the Council may adjourn the"hearing from time to time. B. The Council by resolution shall have power in its discretion to revise, correct, confirm, or set aside any assessment and to order that such assessment be made de novo. Section 35. Levy of Assessments. A. After the assessment roll is in final form and is so confirmed by resolution, the Town by ordinance shall by reference to such assessment roll as so modified, if modified, and as confirmed by such resolution levy the assessments in said roll. B. No assessment shall be levied for any project located or to,be located on any land until the Council by-the adoption of said ordinance or otherwise shall determine that the Town has the right to possession of such land or an interest therein for the purpose of acquiring or improving, or acquiring and improving, the project. C. Such decision, resolution, and ordinance shall be a final determination of the regularity, validity, and correct- ness of the proceedings, of the assessment plat, of said assessment roll, of each assessment contained therein, and of the amount thereof levied on each tract. D. Such determination by the Council shall be conclusive upon the owners of the property assessed. E. The roll shall be prima facie evidence in all courts and tribunals of the regularity of all proceedings preliminary to the making thereof and the validity of the assessments and the assessment roll. Section 36. Thirty-Day Payment Period Deferred Payments. A. All assessments made in pursuance of the assessment ordinance shall be due and payable"without demand within thirty ('30) days after its publication upon its final passage. -23- 0 0 B. Each such assessment or any part thereof may at the election of the owner be paid in installments with interest as hereinafter provided whenever the Council.so authorizes the payment of assessments. C. Failure to pay the whole assessment within said period of thirty (30) days shall be conclusively considered and held an election on the part of'all persons-interested, whether under disability or otherwise, to pay in installments the amount of the assessment then unpaid. D. All persons so electing to pay in installments shall be conclusively considered and held as consenting to the project for which each such assessment was levied, and such election shall be conclusively considered and held as a waiver of any and all rights to question the power or juris- diction of the Town to acquire or improve, or acquire.and improve, the project, the quality of the work, the regularity or sufficiency of the proceedings, or the validity or the correctness of the assessment. E. The owner of any tract assessed may at any time pay the whole, or any unpaid installment of the unpaid principal and the interest accrued to the next -interest payment.date, together with any prepayment premium and any penalties appertaining thereto. F. Subject to the foregoing provisions, all installments, both of principal and interest, shall be payable at such times as may be determined in and by the assessment ordinance. Section 37. Acceleration upon Delinquency. A. Failure to pay any installment, whether principal or interest, when due shall cause the whole amount of the unpaid principal to become due and payable immediately at the option of the Town, bondholder, or trustee therefor initiating fore- closure proceedings, the exercise of said option to be indicated by the commencement of foreclosure proceedings-for not only each delinquent installment but also all other unpaid install- ments of any assessment. B. At any time prior the amount of delinquent all penalties, and costs not necessarily limited thereupon be restored to installments in the same made. to the day.of sale, the owner may pay installments, with-accrued interest, of collection accrued, including but to any attorneys' fees, and shall the right thereafter to pay in manner as if default had not been Section 38. Limitations upon Deferred Payments. A. In case of such election to pay in installments, the assessment shall be payable in not more than twenty (20) substantially equal annual installments or not more than forty (40) substantially equal semi-annual installments of-principal. B. Interest in all cases on the unpaid principal accruing from the date of the publication the assessment ordinance upon its final passage until the respective installments due dates shall be payable'annually or semi-annually at a rate not less than the rate of interest on the bonds. -24- C. Nothing herein contained shall be'construed as limiting the discretion of the Council in determining whether assessments shall be payable in installments and the time the first installment of principal or of interest, or of both, and any subsequent installments thereof shall become due. D. The Council in the assessment ordinance shall state the number of installments in which assessments may be paid, the period of payment, the rate of interest upon the unpaid installments of principal to their respective due dates, any privileges of making prepayments, the rate of interest upon unpaid principal and accrued interest after any delinquency at the rate of two per centum (2%) per month, or any fraction thereof, and any penalties and collection costs payable after delinquency. Section 39. Assessment Liens. A. The payment of the amount so assessed, including each installment thereof, the interest thereon, and any penalties and collection costs shall be secured by an assessment lien upon the tract assessed from the effective date of the assessment ordinance. B. Each such lien upon each tract assessed: (1) Shall be subordinate and junior to any lien.. thereon for any general (ad valorem) taxes, whether prior in time or not; (2) Shall-be prior and superior to any assessment lien thereon subsequently levied by the town or by any public body; (3) Shall be subordinate and-junior to any-assessment lien thereon theretofore levied by the Town or by any public body; and (4) Shall be prior and superior-to all other liens, claims, mortgages, other encumbrances, and titles;-and all purchasers, mortgagees, or encumbrancers-of any.such tract shall hold the same subject to such lien so created, whether prior in time or not. C. Each such assessment lien shall continue as to unpaid installments, principal, interest, and any penalties and costs until such assessments, the principal thereof, interest thereon, and any penalties and costs appertaining thereto shall be fully paid, unless terminated by the foreclosure of any prior and superior lien on the tract assessed; but unmatured installments shall not be deemed to be within the terms of any general covenant or warranty. D. No statute of limitations shall begin to run against any assessment nor the assessment lien to secure its payment until after the last installment of principal thereof shall become due. E. The Town may use any available funds or moneys for.the satisfaction of any lien prior in right to any special assess- ment lien created by the Town. -25- F. In the resale of any property to-which the Town has so acquired title, the Town shall use its best efforts to sell the property for an amount at least equal to the funds or moneys so used plus the amount necessary to satisfy the special assessment lien or liens created by the Town, principal, interest, penalties, and-collection costs. G. The moneys received from such a resale in payment for the property shall be used firstly to satisfy such special assessment lien or liens and thereafter to restore to the fund or funds from which any-such prior lien or liens were satisfied and the moneys used therefor. H. The Town is authorized to acquire and to dispose of property on which there are delinquent taxes or special assessments, or both. Section 40. Division of Tract. Should any tract be divided, upon sale of a part thereof or by formal subdivision, or otherwise, after a special assessment thereon has been-levied and-made payable in installments and before the collection of all the installments, the unpaid special assessment and lien therefor shall thereupon become divided ratably according to area, without further action by the Town or County; but this section 40 shall--not have, application if at the time of such,tract division there are outstanding bonds payable from special assessments levied or to be levied against such tract and if such bonds shall have been issued pursuant to a bond ordinance, authorizing theissuance of a series of bonds hereunder, which provides that there shall be no division of special assessments pledged thereto, or special assessment liens therefor, so long as such-bonds are outstanding. Section 41. Insufficient Funds for Im rovement. Should any assessment prove insu fi.ci.ent to pay for the project or the work for which it is levied and the expense incident thereto, the amount of such deficiency shall be paid from the general fund of the Town, or from such other account in which moneys are accounted for which may be made available for such purpose by the Council. Section 42. Notice of Assessment or Installment Due. A. The town manager shall give notice by mail and by publication of the levy of any assessment, of the fact it is payable, and of the last day for its payment, as provided in subsection A of section 36 hereof. B. The town manager shall give notice by mail and by publication of any installment which is-payable and of the last day for its payment, as provided in section 38 hereof and in the assessment ordinance. C. Each such notice given by the town manager: (1) Shall state the amount of the assessment or of the installment due, except in the case of any published notice; (2) Shall state how unpaid principal is payable in installments; and (3) Shall state the place of payment and the time for it to close. -26- i D. The failure of the town manager so to give notice or to do any other act or thing required by this section shall not affect the assessment or any installment thereof. - Section 43. Collection of Delinquent Assessments by-County Treasurer. As soon as any assessment or any installment thereof appertaining to any district shall.become in default, the town manager shall mark the same delinquent on the assessment roll, to- gether with the amount of unpaid principal-shown-on said assessment roll and accrued interest thereon to the date of delinquency, and the town manager shall within ten (10) days after such delinquency certify said amounts as shown thereon to the Council. At its next regular meeting after receiving such certificate of the town manager, the Council shall certify said amounts, together with full information as to the dates of delinquency, to the county treasurer for collection in the same manner and with the same interest.and_ penalties thereon as other taxes collected by the county treasurer on-behalf of the Town; and all of the laws of the State for-the assessment and collection of general taxes,.including the laws for the sale of property for taxes and redemption therefrom, shall be applicable to-and shall have the same effect with respect to the collection of such assessments. Section 44. Optional Filing of Claim of Lien. A. The Council may (but is not required) in any assessment ordinance or in any ordinance amendatory thereof provide that the town clerk within sixty-(60) days after the publication of the assessment ordinance after. its final passage,shall make out, sign,,attest with the seal of the Town, and file for record in the office of the county clerk a claim of lien for the unpaid amount due and assessed against each tract. B. When a claim of lien is so filed and any assessment appertaining thereto is paid in full, the town clerk shall release the lien against any specific tract either-by entering and signing a receipt of payment upon the margin of the record thereof or by filing for record in the office of the-county clerk a separate release wherein payment of-the assessment, principal, interest, and any penalty is -recited. Section 45. Duties Imposed When Special Assessments for any Project Are Levied: Whenever the Council shall have provided for any project hereunder or for any similar project heretofore authorized by any other-law, shall have levied assessments-therefor, and shall have issued bonds pursuant hereto or thereto for the financing of the same, then and in such event there are hereby imposed upon the-Town the- following additional duties: A. The Town shall act as the agency for collection of such assessments and in so doing shall act as trustee for the benefit of such holders of interim warrants or bonds. B. In case the Council shall have created more than one district, the funds of each district shall be kept in a separate fund to be used for-the payment of interest and principal. C. The Town shall prepare annually and shall make avail- able for inspection in the town manager's office to each holder of interim warrants or bonds a statement of the financial condition of the district relating to such interim warrants or bonds, which shall include a statement,of all- delinquencies existing at such time. -27- D. Where there is a delinquency continuing for a period of one year in the payment of any installment of such assess- ment made for the project, the Town shall thereafter forth- with proceed with the institution of proceedings to foreclose the assessment lien against the property or properties wherein the delinquency-exists, as herein provided. E. The holder of any bond issued hereunder or any trustee therefor shall have the right to institute such foreclosure proceedings in the name of the Town issuing such bond, if such a delinquency has continued for a period of one year and if the Town has not theretofore instituted such foreclosure proceedings. The failure.of any bondholder or any trustee therefor so to proceed shall not be deemed a waiver of any other right or privilege-and-shall not relieve the Town or any of its officers, agents, or employees for- any liability for failure to perform any duty. Section 46. Procedure to Place Previously Omitted Property Upon Assessment Roll. A. Whenever by mistake, inadvertence, or for any cause . any tract otherwise subject to assessment-within-any district shall have been omitted from the assessment roll for any project, the Council may upon its own motion,or upon the application of the owner of any tract within such district charged with the lien of an assessment for any project, assess the same in accordance with the special benefits accruing to such omitted tract by reason of such project and. in proportion to the assessment levied upon other tracts in such district. B. In any such case the Council shall first pass a'reso- lution setting forth that the certain tract or tracts therein described were omitted from such assessment and notifying all persons who may desire to object thereto to-appear at a meeting of the Council at a time specified in such resolution and*to present their objection thereto and directing the engineer to report to the Council at or prior to the date fixed for such hearing the amount which should be borne by each such tract so omitted, which notice resolution shall be published and shall be given by mail to the last-known owner or owners of each such tract. C. At the conclusion of such hearing or any adjournment thereof, the Council shall consider the matter as though each such tract had been included upon the original roll and may confirm the same or any portion thereof by ordinance. D. Thereupon the assessment on such roll of each omitted tract shall be collected, the payment of which.shall be secured by an assessment lien; and a claim of lien for which may be filed for record in the office of the county clerk as other assessments, as provided in section 44 hereof. Section 47. Irregularities in Contracts.and Assessments: - A. Whenever the Council has made any contract appertaining to any project provided herein or shall-hereafter make any assessment against any tract within any district'for any project authorized herein and has in making such contract or assessment acted.in good faith and without fraud or shall hereafter act in-good faith and without fraud, the said con- tract and assessment shall be valid'and enforceable as such, and said assessment shall be a lien upon the tract upon which the same purports to be a-lien. -28- • • B. It shall be no objection to the validity of such contract, assessment, or lien: - (1) That the contract appertaining to such project was not entered into in the manner or at the time required hereby or otherwise; (2) That the same was made by an unauthorized officer or person if the same shall have been confirmed by the authorities of the Town; and- (3) That any assessment is based upon an improper basis of benefits to the tract appertaining thereto within the district, unless it shall be made to appear that the Town authorities acted fraudulently or oppressively in making- such assessment. C. All assessments heretofore or hereafter made which are made by the Town authorities in good faith are hereby declared to be valid and in full force and effect and to be collectible in the manner which is now or may hereafter be provided by law for the collection of assessments for the purposes specified in this section. Section 48. Description of Property; Notice to Tranfer.ees, etc. A. It shall be sufficient in any case to describe the tract as the same is platted or.recorded or described in any official record, although the same belongs to several persons. B.., Any purchaser, lien holder, assignee, or transfer"ror of any tract subject to assessment"as herein provided in any district herein provided for, after the first publication of the notice of the provisional order to-create such district, shall be held to notice thereof and of all proceedings with reference thereto the same as the owners of such tract at the time of such notice or proceedings. Section 49. Assessment for Street Intersections. A. The cost of acquiring or improving or acquiring and improving street intersections may be segregated. B. Such cost may be assessed upon-all frontage of the street acquired or improved, or acquired and improved (excluding an alley), and on intersecting streets within a - distance of one-half (1/2) block in-each direction from such intersections in proportion to the frontage of each lot or tract on the street acquired or improved, or acquired and improved (excluding an alley), or on an intersecting street, or on both within said distance. . C. The cost of acquiring or improving, or acquiring and improving, an alley intersection may be assessed upon the real property inthe same block extending to the nearest street intersection and half the length of the block along its sides; provided, however-, that where the sides of blocks are of unequal length, the Council may determine the limit of assess- ment. D. In the alternative, the cost of acquiring or improving, or acquiring and improving, street intersections (including alley intersections) may be treated as one of the costs of any project without separately segregating such intersection cost. In such case the total cost of any project shall be assessed as hereinabove provided upon the basis determined without any separate assessment for intersection costs. -29- • Section 50. Assessment of Public Property. A. When the Town, public body, or the federal government (except the federal government in the absence of its consent to assessment) shall own any tract or shall hold the title to any tract not used as a street or other public right-of-way of the Town or other public body, which if owned by a private person would be liable to assessment for benefits to pay for any project herein mentioned, an assess- ment may be made against such tract as though such tract were the property of a private person. B. The Town, the public body, or the federal government in the case of such consent shall pay the amount of each such assessment by the levy of taxes or from other funds available therefor. C. If the assessment is not paid as provided by law, suit may be brought in a district court to enforce the collection of the assessment, and the judgment rendered against the Town, the public body, or the federal government shall be-enforced as other judgments thereagainst. D. No such tract owned thereby shall be sold under any such judgment nor as the result of any foreclosure of an assessment nor otherwise. Section 51. Reassessments. Whenever any assessment for any project heretofore or hereafter effected by the Town hereunder or under any other law heretofore enacted is in the opinion of the Council invalid by reason of any irregularity or informality in the proceedings, or if any court of competent jurisdiction hereto- fore or hereafter adjudges such assessments-to be illegal, the Council shall, whether the project has been effected or not or whether any parts of the assessments have been paid or not, have power to cause a new assessment to be made for the same purpose for which the former assessment was made. Section 52. Procedure for Relevy. A. When an assessment has been o'r'is hereafter so determined to be invalid or illegal, the Council shall by ordinance order and shall make a new assessment or reassess- ment upon the tracts which have been or will be benefited by the project to which the invalid assessment appertains to the extent of their proportionate part of the expenses thereof, and in case the cost shall exceed the actual value of such project, the new assessment or reassessment shall be for- and shall be based upon the actual value of the same at the time of the project's completion. ' B. To this end the engineer shall make a new assessment roll in equitablemanner with reference to the benefits re=ceived, as near as may be in accordance with the law in force at the time such reassessment is made; and'when the same shall have been confirmed and approved-by-the Council as provided for the original assessments, the reassessment shall be enforced and collected in the same manner that other assessments for such project are enforced and collected, under the provisions of this ordinance; but all proceedings relative to making the cost of any project chargeable upon property benefited thereby, required and provided by the laws of the Town prior to the making of the original assessment roll, shall not be included nor required within the purpose of sections 51 to 60, both inclusive, hereof. -30- • Section 53. Ordinance for Reassessment. The Council of the Town shall by ordinance order and shall make a new assessment or re- assessment, as'provided in section 52 hereof, upon the tracts which have been or will be benfited by such project to the extent of their proportionate part of the cost of the project. Section 54. Assessment Roll; Certification. Upon the passage of an ordinance, as erein efore provided, the engineer shall make out an assessment roll according to the provisions of said ordinance and shall certify the same to the Council, as provided in section 32 hereof. Section 55. Notice of Assessment Roll Filing and Hearing on Objections; Publication; Written Protest. Upon-receiving the sai assessment roll, the town clerk s a give notice of an assessment hearing, as provided in section 33 hereof. Section 56. Hearin At the time and place appointed for hearing, the.Council sha hold an assessment hearing and shall otherwise proceed, as provided in section 34 hereof. Section 57. Levy of Reassessment; Cost and Value. A. The fact that the contract has been let or that such project shall have been acquired or improved, or acquired and improved, and otherwise completed in whole or in part shall not prevent such assessment from being made,.nor shall the omission, failure, or neglect of any officer or officers to comply with the provisions of the,laws governing the Town as to petition, notice, resolution to acquire-or improve, or both acquire and improve, estimate, survey, diagram, manner of letting contract or execution of work, or any other matter whatsoever connected with the project and the ,first assessment or assessments thereof, operate to invalidate or in any way to affect the making of the new assessment or reassessment, as provided for by sections 51 to 60, both inclusive, hereof, charging the property benefited with the expense,thereof, except as herein otherwise provided. -B. Any such reassessment shall be levied by ordinance, shall become final, as provided in section 35 hereof. C. Such reassessment shall be for an amount which shall not exceed the actual cost and value of the project, together with any interest that shall have lawfully accrued thereon; and such amount shall be equitably apportioned upon the property benefited thereby according to the provisions of the laws of the Town. D. It is the-true intent and meaning of sections 51 to 60, both inclusive, hereof, to make the cost and expense of each local improvement project payable by the tracts benefited by such project by making a reassessment therefor, notwithstanding that theproceedings of the Council, engineer, or other body or any officers thereof may be found irregular or defective, whether jurisdictional or otherwise. Section 58. Credits for Prior-Assessment. Whenever any sum or any part thereof levied upon any tract in the assessment so set aside has been paid and not refunded, the payment so made shall be applied upon the reassessment of the tract on account,of which the same was paid. -31- Section 59. Collection of Assessments; New Order. A. In all cases where the town manager, county treasurer, or other municipal and county authorities shall be unable to enforce the collection of any assessment by reason of irregu- larity or omission in any proceedings subsequent to the confirmation of the assessment, the Council is authorized and empowered to cause a new order to issue to the town manager or other proper officer for the collection of any assessment which by reason of such irregularity or omission remains unpaid and not collected. B. The town manager or other proper officer shall proceed under such new warrant or order to enforce and to collect the assessments therein specified in the same manner, as near'as- may be, as is prescribed by the provisions of sections 36 to 43, both inclusive, hereof, for the enforcement and the collection of assessments, after the same shall have been confirmed and reassessed, as provided in sections 51 to 60, both inclusive, hereof. C. As often as any failure shall occur by reason of such irregularities or omissions, a new order may issue, and new proceedings shall be had in like manner until such assessment shall be fully collected as to each and every tract charged therewith. Section 60. Application of Funds from Reassessment to Outstanding Indebtedness. Whenever the.Town has issued or shall issue interim warrants or bonds to obtain funds to pay for any project' which has been actually acquired or improved, or both acquired and improved, and the assessment or assessments levied therefor have failed or shall fail to be valid or sufficient-in whole or in part and anew assessment or reassessment has been levied and confirmed, as provided in sections 51 to 60, both inclusive, hereof, then the Town is hereby authorized and directed to apply all moneys derived from such assessments, new assessments, and reassessments to the - payment of the warrants and bonds according to their tenor; and the warrants and bonds issued for any project actually acquired or im- proved, or both acquired and improved, shall be valid and binding obligations of the Town, payable out of such assessments, new assessments, and reassessments, which shall be levied and relevied until payment in full shall have been made, as.provided in section' 19 hereof. Section 61. Decision of Council Final. Any action and decision of the Council proceeding hereunder as to.all matters passed upon by the Council in relation to any action, matter, or thing provided herein shall be final and conclusive in the absence of fraud. Section 62. Review of Proceedings. Pursuant to section 15.5 of the Charter, no action or proceeding, at law or in equity, to review any acts or proceedings, or to question the validity of, or enjoin the performance of the issue or collection of any bonds, or the levy or collection of any assessments authorized by this law, or for any other relief against any acts or proceedings of the Town done or had under this law, shall be maintained against the Town, unless commenced within thirty (30) days after-the performance of the act or the effective date of the resolution or ordinance complained of, or else be thereafter perpetually barred. -32- r' • • Section 63. Correction of Faulty Notices. In any case where a notice is provided for herein, if the Council or the court finds for any reason that due notice was not given, the council or the court shall not thereby lose jurisdiction, and the proceedings in question shall not thereby be void or abated; but the Council or court shall order due notice to be given and shall continue the hearing until such time as notice shall be properly given and thereupon shall proceed as though notice has been properly given in the first instance. Section 64. Correction of Errors in Proceedings. It shall be the duty of the Council, and it shall have--t-Fe-power by any subsequent proceedings, to correct any mistakes, errors, or irregularities in any of the proceedings mentioned herein. Section 65. Retention of Jurisdiction. A. The Council may continue the hearing upon any petition or resolution or remonstrance provided for herein and shall retain jurisdiction until the same be fully disposed of. B. The Council shall not lose jurisdiction over the acquiring or improving, or acquiring and improving., of any project, the levy of any assessment, or the issuance of any bond or any other matter provided for herein by reason of any adjournment or any delays, errors, mistakes, or irregularities on the part of any,councilman or any town officer or any person or persons whatsoever. Section 66. Delegated Powers. The officers of the Town be, and they hereby are, authorized and directed to take all action necessary or appropriate to effectuate the provisions of this law. Section 67. Repeal of Inconsistent Laws. A. Any resolution, ordinance or other action of the Council, or part thereof in conflict with this law is hereby repealed to the extent only of such inconsistency. ' B. This repealer shall not be construed to revive any action or part thereof heretofore repealed. Section 68. Sufficiency of Law. A. This law, without reference to any statutes of the State, except as herein otherwise expressly provided, shall constitute full authority for the exercise of powers herein granted, including but not limited to: (1) The acquisition or improvement, or acquisition and improvement, of any project; (2) The making of any contract for any project; (3) The levy and collection of any assessment; (4) The borrowing of any money or the incurrence of any other obligation; and (5) The authorization and issuance of any security hereunder. -33- /of. 4 0 -0 - B. No other act or law with regard to or the issuance of securities or the exer, power herein granted that provides for an an approval, limits interest rates, or in, or restricts the carrying out of the acts to be done shall be construed as applying the authorization =ise of any other election, requires any way impedes herein authorized to any proceedings taken hereunder or acts done pursuant hereto. C. No board, agency, bureau, commission or official other than the Council shall have the-author ' ity to fix, prescribe, modify, supervise, or regulate the levy or the collection of special assessments or taxes herein designated, except as herein expressly provided or necessarily implied, nor to supervise or to regulate the acquisition or improve ment, or acquisition and improvement, of any project herein authorized. D. The provisions of no other special, or local, except as prov: to the doing of the things herein and no public body other than the or jurisdiction over the doing of authorized to be done. law, either general, Wed herein, shall apply authorized to be done; Council shall have authority any of the acts herein E. The powers conferred hereby shall be in addition and supplemental to, and not in substitution for, and the limitations imposed hereby shall not affect the powers conferred by, any other law. F. This law shall not be construed to prevent the implementation by ordinance of section 15.2(b) of the Charter so far as such implementation may apply to the initiation of districts by petition. Section 69. Severability. If any-section, paragraph, clause, or provision of this law shall for any reason be held to be-invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause, or provision shall not affect any of the remaining provisions of this law. Section 70. Effective Date. This ordinance shall be in full force and effect seven 7 days after its publication by posting upon its final passage. INTRODUCED, PASSED ON FIRST READING, AND ORDERED PUBLISHED this 21st day of July, 1981. HEARING on proposed passage: July 28, 1981 at Colorado. QLX-e yor ordinance and consideration for final P.M. at Town Hall in Avon, -34- ADOPTED AND APPROVED THIS 28th day of July, 1981. (SEAL) -35- :;mifhin the Towni Inaccordanbe with •benesfs. payable in irnWivietrts and the time the first:, -and on certain prescribed bases: sets forth the 'lnstallnertt ol principal olofifeamstorOfj)cd kdWiting 'procedure."by Council.' hrcludinngg _-,`,W)d arty subsequent it~albt!<eolslhered shall' ,vertain preliminary engineering orarchkecdrrat become due. flings relating to the project% the costs and D. The Counod in ties assessment ordinance !assessments therefor; provides forlheordering ` =stroll State the number ofirrstalkreffis invtnlcir _ Of improvements by negotiated•orpublicly let assessments may be paid, the period of ) eotrad and otherwise provides • for the - payment the rate of interest upon the unpaid , :•taeffiion,-ot:, special assessment, districts `arstallmerdsofPrincipal tothmrrespectwedue therefor, provides for warrants-and bonds to be dates. any privileges of rtaki^9 prepayments. issued to defray all Of Partial the,0est of the . the rate of interest upon unpaid principal and improvements; Provides for the seeudy of the aocn ed`interest after any delinquency at the bonds in accordance withthe charter; provides rate of two per ce tun (2%) per month, or any for yeissuance of tiorMs under ;Derain- - fsactipn thereof. and.' any- ' penalties and - tirecianstances jm)wdes for :the remedies of •c cWlen an costs payabe affirdeliriquency- `bondholders; Provides for the preparation of a 70WN OF AYON final -amassment roll and hearing thereon Al Alps provides-lat'a thirty-day cash payment period'. Mayor for ,moments. ,and .for payments •qf ° -:Al-rE57 'assessments -and 4>stagnrents with interest at a Fidricia Doyle ; ,,me rrof''•than the -pond interest, rata` Toim'Clark •,rW • ~rovndes 'for acceleration upon delinqency: • : ; :Published in The Vail Trail . =provides for the establishment,ot assessment ]lens; makes provisions far divisional tracts'iri on :duly 24,1981"; certain • circumstances '.after the, levy of assessinents.' yrrovides tor., a men; • i rAri~ and ccrTBCtiOn at assessmerus- "Stle chatter: delegates to Tom •bniee s,111M authority to - take adkm rneeessary 'Of _ appropriate to •dted the .provisions at the ordnance'. 'p'rovides-for'the'repeal of "taws • - - pnoonsistent with " ordinance and far Ylre - i ithout regard to- ' suR~ciencY Of the•ordinanoe r ott~r imws'of the Stite brMcTaen: providesfor UC L ~ V N V~ . :~ewrabllity of invalid provisions: and provides fa the effective date -of the Crdirianas seven . SPECIAL OR-LO CONCERNINGPRWJNICIPAL. .'';,daysafteritsP bYp ffi9 n , WAcesr assage I" ' .INCLUDING- BUT NOT LIMITED TO THEIR p -ACQUISiTION'.AND TO THE-CREATION OF Possible'. penalty t9auttes. eontaiiied nn,fie . ' a]STRJCTS,:-SPECIAL-ASSESSMENTS. ;ordinances-Asfollows: LOANS, AND SECURITIES.-APPERTAINING • .-'SECTION 32. Aeeeferation up", i•THERETO; -VALIDATING, RATrFYING, ,=Definquemy, . - ' - ' APPROVING AN4 CONFIRMING ACTIONS A Fa8n1rB >a' finely any irlsta8ment, ,whether -PREVIOUSLY- TAKEN. AND REPEALING ` principal or Interest men due,shal cause the COUNCIL ACTION _INCONSISTENT '..whole amount of.•the oapaid Principal to HEREWITH "become due and payable, Jmmediffiey at-the - wasinb'oduoedataduycOadspecialmeeting'.-.OpNen,of the Town, bondholder,,or-trustee of the Town Council ut the Town of Avoi.'and therefai initiating foreclosure proceediirgS, the thei countyof Eagle, Cdaado on 6dY21, i98t, .ems Of said option to be indicated by the j at which time it was approved on rust reading, ' . commencement of foreclosure proceedings for wdhout amendmenL'-Im Councit axwelpon _ not Only each del'arquentinsta8raentbutatsO,all set the regular meetiraJ'of-July 28,1981, al-the , other unpaid lrMaaments of any assessment hour Df 720 pin., 81 -the Courcirs regular B. At any time prior tc ilmday 01 Sale. tfe- gmting piece hi tbaTown Hall as the timeand owner may '.pay the amount Of delinquent ptaee at which the Council will hold a public Installments. with acc. interest,ag penalties = bearino on the Ord nW-- and cQsLS M tsllection gcrxrred 'Wicfuding but Copes -cif the proposed ordinance'- am u t necessarily halted to any attomey's lees,' •awantable ffi the o$re of tieToren Clerk in the and shall 'dim upon be• restored to she right i Town Hall. i --fter, to pap in Jnsfallmants in the same- v Jfrw:r~n U The •bltowing is 8 "me, Ot the 9lDjeCL nanner as if default had no been made . . matter of the ordrnarioe: - ' The ordinance.'makes •a-legislative + ' "Section 3S Utnkations, Upon,, l 0emed, fl xweticn as to vo reasons for its adopticrC Payments 1 :sets forth provisions tar Interpretation and A 'In -ease'. of such -ef bon to pay in t- construction of the 0--rum provides atatthe insua11ments. theassessiment"I be payable in p -,ODD ndl without,,an election shall have the not more than twenty (20) substantially equal . power from tune to lime to acquire, Improve. armual Installments or not more` h, forty ( ) equip. operate and maintain within or without substataly equal semi arotuai irota8ments f e Towm a protect inctuding ' witROUt 'principal.. . -~initationar iundgutt.projetta-drainage $-interestinall camontheunpaldprincipal, or 7food control project, a-ligtdaig project an eearuing from ;the date,ofThe publication, the oneerpass project. a' panic m mall projeet'a asse==t ordinance upon its anal Passe9e 1. , . sanitary or rwwer project, a sidewalk project a • until the respective instafknenta due dates shalt sewer project ' a • atceet, project ' an • : be f amnualy or selni-eamalN et a tale _.storm imder~proect a water projecLand any part . ; , trot tess than 11W rate of Interest on the bonds Atsuchpr oresrycombtnationsatprofects • C. Notting bwein',oontained slag -be or parts of #!ojec4::auttorizes the levy Of conabuad as limiting the discretion ol;tlne assessments against • VXSasssble property Council. In determining r it 3r asaesernents ! 0 11 STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M.,ON'THE 21ST DAY OF JULY, 1981 AT THE MUNICIPAL BUILDING, 400 BENCHMARK ROAD', AVON, COLORADO, 81620 FOR THE PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCENO:#81-24, SERIES OF 1981: AN ORDINANCE CONCERNING MUNICIPAL SPECIAL'OR'LOCAL IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO,THEIR ACQUISITION AND TO'THE CREATION OF DISTRD QS, SPECIAL ASSESSMENTS,,LOANS, AND SECURITIES APPERTAINING THERETO;-VALIDATING, RATIFYING, APPROVING, AND`,CONFIAMING ACTIONS' PREVIOUSLY TAKEN; AND REPEALING COUNCIL ACTION INCONSISTENT HEREWITH Acopy-of said Ordinance is on file at the office of`the Town.Clerk and may be inspected during regular business hours.. This notice given and posted by order of the Town Council of the Town of Avon-, Colorado. Dated this 17th day of July,'-1981 T B POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OF AVON ON JULY'17, 1981: NORTHEAST SIDE OF THE BENCHMARK SHOPPING CENTER, AVON POST OFFICE,, THE MAIN ENTRANCE-OF CITY MARKET THE PESTER GAS STATION; AND THE;MUNICIPAL BUILDING, 400 BENCHMARK ROAD STATE OF COLORADO ) COUNTY OF EAGLE ) SS TOWN OF AVON ) NOTICE IS HEREBY GIVEN OF A PUBLIC HEARING BEFORE THE TOWN COUNCIL OF THE TOWN OF AVON, COLORADO, AT 7:30 P.M. ON THE 28TH DAY OF JULY, 1981 AT THE MUNICIPAL BUILDING, 400 BENCHMARK ROAD, AVON, COLORADO, FOR THE PURPOSE OF CONSIDERING THE ADOPTION OF ORDINANCE N0.#81-24, SERIES OF 1981: AN ORDINANCE CONCERNING MUNICIPAL SPECIAL OR LOCAL IMPROVEMENTS, INCLUDING BUT NOT LIMITED TO THEIR ACQUISITION AND TO THE CREATION OF DISTRICTS, SPECIAL ASSESSMENTS, LOANS, AND SECURITIES APPERTAINING THERETO: VALIDATING, RATIFYING, APPROVING, AND CONFIRMING.ACTIONS PREVIOUSLY TAKEN: AND REPEALING COUNCIL ACTION INCONSISTENT HEREWITH. A copy of said.Ordinance is on file at the office of the Town Clerk and may.be inspected during regular business hours. This notice given and posted by order of the-Town'Council of the Town of Avon, Colorado. Dated this 24th day of July, 1981. T B POSTED AT THE FOLLOWING PUBLIC PLACES WITHIN THE TOWN OFJAVON ON JULY 24, 1981: NORTHEAST SIDE OF THE BENCHMARK SHOPPING CENTER, AVON POST OFFICE, THE MAIN ENTRANCE OF CITY MARKET, THE PESTER GAS STATION;, AND THE MUNICIPAL BUILDING,-400 BENCHMARK ROAD IN THE MAIN LOBBY 4 . B6`6 330` 226950 Recorded at 1:30PM October 15; 1981 1 Pdge 591 _ Recorder: Johnnette Phillip Eagle County CERTIFICATION P u STATE OF COLORADO ) SS COUNTY OF EAGLE ) Fee $18.O0pd I, Patricia J. Doyle, DO HEREBY CERTIFY that I am the Town Clerk of the Town of Avon and the keeper of the records and corporate seal of said municipal corpora- tion; and that the attached is a true copy of Ordinance No.#81-25, Series of 1981, Annexing Myers Ranch of the Town of Avon, County of Eagle and State of Colo- rado, and that said Ordinance No.#81-25, Series of 1981 is in full force and effect at the date hereof, and the original is in my custody as Town Clerk. WITNESS my hand and official seal of the Town of Avon, County of Eagle, State of Colorado, this 30th day of September 1981. Patricia J. Doyle Town Clerk