Title
Ordinance of Intention to Form Gold Key Racquet Club Repaving Improvement District (ST87200002 ID 1308) (Ordinance S-44862)
Description
Ordinance S-44862 of the City Council, declaring under Arizona Revised Statutes (A.R.S.) section 48-576 its intention to form the Gold Key Racquet Club Repaving Improvement District (ST87200002 ID 1308) for the real property located within an area generally bounded by 2nd Street to the south, 1st Street and Dahlia Drive to the north, Central Avenue to the west, and 3rd Street to the east, and adopting the related preliminary plans.
The proposed improvements shown in the attached Gold Key Racquet Club Improvement District Map include, but are not limited to, resurfacing of the streets, installation of ADA ramps, installation of City street signs, relocation of existing improvements as needed, and performance of all items of work called for in the preliminary plans, final plans, specifications, or indicated by estimates of improvements costs. The proposed improvements may be constructed under one or more contracts.
Under A.R.S. section 48-577, preliminary plans that show the location, type, and character of the proposed improvements and an estimate of the costs and expenses of the proposed improvements are prepared and on file with the City Clerk. The assessment for any lot will not exceed its proportion of the cost estimate.
Improvement bonds will be issued under A.R.S. sections 48-571 to 48-621 to represent the costs and expenses of the work or improvements. The bonds will be payable out of a special fund collected by the City from the special assessments levied and assessed upon the lots, pieces, and parcels of land included within the above described district. The improvement bonds will bear interest at the maximum rate of six and nine-tenths percent (6.9%) per annum.
Report
Summary
By petition and ballot, 87 percent of Gold Key Racquet Club property owners approved a request to form an improvement district and agreed to convey their property interests as conditions to accept the improved streets as public right-of-way. Forty-two property owners have executed documents to convey their property interests. Before construction of the improvements starts, the property owners are required to release all and any claims against the City related to this matter. These documents will be held in escrow until the improvement district is formed.
Financial Impact
Total proposed improvement costs are currently estimated at $275,000. The City of Phoenix will pay for approximately 12 percent of the proposed improvements, currently estimated to cost between $30,000 and $60,000, to acquire real property referred to as Tract C and to settle any and all claims related to this matter. Tract C (shown on map attachment) will become part of the Phoenix Mountain Preserve. Gold Key Racquet Club property owners will pay the remaining costs of the proposed improvements, currently estimated at $220,000.
Public Outreach
In March 2017, the affected property owners were polled by mail to determine the level of support for the proposed improvements. Poll results show 87 percent of the property owners support the project.
This Ordinance of Intention, if approved by Council, will be published in The Arizona Business Gazette on the following dates:
- (July 5, 2018) (First Thursday after Ordinance Approval)
- (July 12, 2018) (Following Thursday after first publishing)
Location
The proposed re-paving improvement district includes single-family residences and one commercial business located within an area generally bounded by 2nd Street to the south, 1st Street and Dahlia Drive to the north, Central Avenue to the west, and 3rd Street to the east.
Council District: 3
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Street Transportation Department.