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RESOLUTION 2008- 11 The matter of the neighborhood improvement district in University Heights Subdivision Number One was considered. After a review and general discussion of the matter, Councilmember Glickert offered the following resolution and moved its adoption. BE IT RESOLVED: That the Council of the City of University City, Missouri, finds and declares as follows: 1. On February 12, 2008, a neighborhood improvement district in University Heights Subdivision Number One (the "Subdivision") was lawfully established by Resolution No. 2008-4, and preliminary plans and specifications for the proposed improvement were ordered to be made. 2. The project name for the proposed improvement is the "University Heights Street Improvement Project". 3. The general nature of the proposed improvement is the repair and replacement of driveway aprons and sidewalks that are significantly damaged, non-functional or exhibit more than minor cracks, and selected street patching repair and resurfacing according to University City Public Works Department's specifications and design standards for public property of that nature. 4. The proposed improvement may also include, but is not limited to, the repair and replacement of non-functional curb and gutters, and repaving the bridge and sidewalk beyond the Harvard/Dartmouth intersection. 5. The revised estimated cost of the proposed improvement is $531,250, which does not exceed the original estimated cost of $425,000 by more than 25%. 6. The plans and specifications for the improvement are set out in the attached "University Heights NID Project", marked Exhibit "A" and incorporated herein by reference. 7. The proposed assessment roll, listing the assessments to be made against each parcel of real property deemed to be benefited by such improvement, is attached, marked Exhibit "B", and incorporated herein by this reference. The assessments shall accrue interest at the rate of 8% per annum until paid in full. The property owners may pay such assessments in full when levied or in substantially equal annual installments for the duration not to exceed 10 years. 8. The plans and specifications (Exhibit "A") and the proposed assessment roll (Exhibit "8") were filed with the City Clerk on July 21, 2008 and have been open for public inspection since then. 9. Due notice of public hearing held by the City Council Chambers at City Hall on August 25, 2008 at 7:30 p.m. was duly published in the St. Louis Countian, a newspaper of general circulation within the City, on August 8, 2008. The notice included the project