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RES 2006-7 RESOLUTION The matter of the neighborhood improvement district in University Hills was considered. After a review and general discussion of the matter, Councilmember Brot 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. University Hills Subdivision (the "Subdivision") is a subdivision in the City of University City, Missouri. 2. On July 19, 2006, a petition for the creation of a neighborhood improvement district within the Subdivision was filed with the City Clerk. 3. The petition was signed by the owners of record of at least two-thirds (2/3) by area of all real property located within the proposed neighborhood improvement district. 4. The project name for the proposed improvement is the "University Hills Street Improvement Proj ect". 5. The general nature of the proposed improvement is as follows: a) Repair and replacement of curbs, gutters and driveway aprons that are significantly damaged, non-functional or exhibit more than minor cracks, as determined by the Subdivision Trustees. b) Patching, repair and replacement of interface between the street and the concrete curbs gutter and driveway aprons in connection with the repair and replacement of such curbs, gutters and driveway aprons and in other areas where crumbling street interface exists, as determined by the Subdivision Trustees. c) Selected street patching, repair and resurfacing of depressions, fatigue failure, street crowning and rutting, as determined by the Subdivision Trustees. d) Application of a new layer of chip seal to all streets, as determined by the Subdivision Trustees. e) Management and supervision of construction of the improvements listed above and maintenance of the improvements listed above during the construction period, to be performed by the Subdivision Trustees. f) Application of a future second layer of chip seal to all streets to be performed by the Subdivision Trustees, which application shall occur within a maximum time period of fifteen years. g) Establishment of a maintenance fund for the benefit of the Subdivision Trustees to provide for the application of a second layer of chip seal to all streets, which application shall occur after payment in full of all assessments against the real property within the District but not before a maximum time period of fifteen years. 6. The boundaries of the proposed District to be assessed are as indicated on the map set forth as Exhibit A, attached hereto and incorporated herein by reference. A legal description of the