Title
Resolution Adoption to Issue Bonds for Unpaid Assessments - Gold Key Racquet Club Repaving Improvement District - ST87200002 (ID 1308) (Resolution 21879)
Description
Request City Council adoption of a resolution granting approval to issue bonds for unpaid assessments for the Gold Key Racquet Club Repaving Improvement District project ST87200002 (ID 1308). The total estimated bond amount is $25,200.
Report
Summary
On April 1, 2020, City Council approved the final assessments for the Gold Key Racquet Club Repaving Improvement District project ST87200002 (ID 1308). The project provided improvements in the 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. The improvements consisted of the installation of pavement overlay, Americans with Disabilities Act (ADA) ramps, street signs, and related work.
Construction has been completed, final Improvement District assessments have been calculated, and all affected property owners have been notified as required under Arizona Revised Statutes sections 48-571 to 48-621.
Financial Impact
The total proposed improvement cost to the property owners was estimated at $201,600. There were a total of 46 parcels assessed: 45 assessed $4,200 each, and one assessed $12,600, where the Gold Key Racquet Club Clubhouse resides, because the parcel was three times the size of a typical lot. To date, the City has collected 40 of the 46 assessments, totaling $176,400. There are six property owners left to pay their assessments totaling $25,200. This remaining amount will be bonded, which was a requirement of administering this improvement district for unpaid bonds.
Concurrence/Previous Council Action
The City Council approved:
- The intention to form the Gold Key Racquet Club Repaving Improvement District (Ordinance S-44862) on June 27, 2018;
- The ordering of a notice and call for bids for repaving and related improvements on this project (Resolution 21675) on Sept. 19, 2018;
- The authorization of a contract award to Sunland Asphalt & Construction, Inc. to provide design-bid-build services for this project (Ordinance S-45179) on Dec. 5, 2018;
- On Dec. 18, 2019 a public hearing was set for Feb. 19, 2020, but postponed and on March 4, 2020 the hearing was reset and occurred on April 1, 2020; and
- The final assessments (Resolution 21814) were approved on April 1, 2020.
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 supported the project.
Previous City Council actions were published with the Arizona Business Gazette on the following dates:
- July 5, 2018
- July 12, 2018
- Sept. 20, 2018
- Sept. 27, 2018
- Dec. 20, 2018
- March 19, 2020
- March 26, 2020
- April 23, 2020
Ordinance S-44862 was posted every 300 feet within the proposed improvement area on July 11, 2018. The legal protest period for Ordinance S-44862 expired on July 27, 2018, with no protests filed.
On March 6, 2020, all property owners within the project district were sent a "Notice of Assessment" and a "Notice of Hearings on Assessment" by certified mail. Additionally, a notice of hearing was published in the Arizona Business Gazette on March 19, 2020, and March 26, 2020.
Location
The repaving 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.