Loading...
HomeMy WebLinkAboutMinutes - 08/03/1987 - Committee of the WholeCOMMITTEE MEETING OF THE WHOLE MONDAY, AUGUST 3, 1987 A committee Meeting of the Whole was called to order by Mayor Busse on Monday, August 3, 1987 at 8:05 p.m. in City Hall. The following Aldermen were in attendance: Bolger, Lieder, Smith, Teta. Absent: McClatchey, Nolan, Patterson, Serritella. City staff in attendance were: Supt. Batt, Attorney Narusis, Adm. Asst. Marth. Mayor Busse announced that the purpose of the meeting was to comply with the statutory requirement that the Ordinance providing for a Local Improvement by Special Assessment, Project No. 31, be referred to a committee for review and for a recommendation to be made to the City Council. The Mayor summarized the contents of the Ordinance as authorizing and/or approving the following: 1. The construction of a sanitary sewer system for the primary purpose of providing service to the McHenry Shores and Idyl Dell Subdivisions. 2. The taking or acquisition of permanent sanitary sewer and utility easements, along with temporary constructions easements. 3. In connection with securing easements, the City Attorney is authorized to institute proceedings for the determination of the price to be paid for each property, or damages to property not taken and for acquisition of such property. 4. Approval of the Recommendation of the Board of Local Improvements, including plans, specifications and estimate of costs. 5. That the total cost of the local improvement project is estimated to be $2,984,822, and shall be paid by special assessment. 6. That each individual assessment shall be divided into ten (10) equal installments with the first installment due and payable on January 2, next after the date of the first voucher issued on construction work done and the second installment one year thereafter and so on annually until all are paid. Any person may at any time pay the whole assessment against any lot, piece or parcel of Tand, or any installment thereof with interest up to the date of the payment. 7. All installments shall bear interest until paid at a rate not to exceed the greater of 9% annually or 70% of the Prime Commercial Rate in effect at the time of the passage of this Ordinance and shall run from the date of the first voucher issued. 8. In anticipation of the collection of the installments of the assessment, bonds shall be issued payable out of the income of the combined sewer and water system of the City, bearing interest at a rate not to exceed the greater of 9% annually or 70% of the Prime Commercial Rate in effect at the time of passage of this Ordinance. 9. The City Attorney shall file a petition in the Circuit Court of the Nineteenth Judicial Circuit, McHenry County, in the name of the City to ascertain what property will be benefited, the amount of such benefit and to levy a special assessment for the improvements, in the manner prescribed by Taw. Motion by Smith, seconded by Lieder, to recommend passage of the Ordinance providing for a Local Improvement by Special Assessment, Project No. 31, to the City Council. Monday, August 3, 1987 Page 2. Voting Aye: Bolger, Lieder, Smith, Teta, Mayor Busse. Voting Nay: None Absent: McCTatchey, Nolan, Patterson, Serritella. Motion carried. The following subjects on the special assessment were also discussed: - Public benefit portion; - Assessment of houses straddling two lots, and a house on one lot with a garage on an adjoining lot; - Duties of Commissioner of Special Assesment; - Roads in Idyl Dell Subdivision; - Resubdivision of smaller lots into one or more lots; - Timetable and procedures following passage of the ordinance. Alderman Smith left at 8:58 p.m. Meeting adjourned at 9:25 p.m.