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• • RESOLUTION NO. 12-08 A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF LOS ALTOS HILLS INITIATING PROCEEDINGS PURSUANT TO THE MUNICIPAL IMPROVEMENT ACT OF 1913 FOR THE CONSTRUCTION OF SEWER WORKS AND IMPROVEMENTS IN THE WEST LOYOLA NEIGHBORHOOD ********************** IT IS HEREBY RESOLVED by the City Council of the Town of Los Altos Hills as follows: 1. The residents of the West Loyola neighborhood comprising 53 parcels along West Loyola Drive, Berkshire Drive, Eloise Circle, Chardonnay Lane and parts of Roily Road circulated a petition by and amongst themselves as to whether to request the City Council form an assessment district to pay for the construction of sewer improvements in the neighborhood. 2. Having received a petition from eighty-five percent(85%) of the residents of the West Loyola Neighborhood in favor of forming a benefit assessment district the City Council proposes to initiate proceedings to form an assessment district pursuant to the Municipal Improvement Act of 1913 (being Section 10000 and following of the California Streets and Highways Code, hereinafter the "Act") and to assess the costs thereof upon the properties benefited by the construction(as defined in the Act) of sewer works and improvements (herein"the sewer work"), all in connection with the proposed West Loyola Sewer.Assessment District No. 1 (the "Assessment District"). 3. The costs and expenses of the proposed construction work are to be chargeable upon said Assessment District, the exterior boundaries of which are the exterior boundaries of the composite and consolidated areas as more particularly shown on a map filed in the office of the City Clerk,titled"Boundary Map West Loyola Sewer Assessment District No. 1", which indicates by a boundary line the extent of the territory included in the proposed Assessment District and shall govern for all details as to the extent of said Assessment District. 4. The Town will issue bonds having a thirty(30)year term or such other term or terms as advised by bond counsel that would be secured and paid for by assessments on the benefited property owners. The assessments would be collected as part of the property tax bills for the benefited properties over the bonds' term(s). Through the assessment process, benefited property owners would pay (1) all costs to design and construct the sewer line and the lateral to their properties, (2) the interest on the bonds, (3) the costs of issuance (bond counsel, engineer, etc.) and(4) connection fees for the parcels of the benefit assessment district. Each of the parcels would be assessed equally for all costs, expenses and fees. The Town would construct and own the main line. 5. The involved construction work is hereby referred to the Engineer of Work, being a competent person employed by the City Council for purposes of these proceedings, and the Engineer of Work is hereby directed to cause to be prepared and to be filed with the City Clerk, 1050929.1 Final