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RESOLUTION <br /> <br /> The matter of the neighborhood improvement district in University Heights Subdivision <br />Number Two was considered. <br /> <br /> After a review and general discussion of the matter, Councilmember [,A"C~ <br />offered the following resolution and moved its adoption. <br /> <br /> BE IT RESOLVED: That the Council of the City of University City, Missouri, finds and <br />declares as follows: <br /> <br />On January 24, 2000, a neighborhood improvement district in University Heights <br />Subdivision Number Two was lawfully established by resolution, and preliminary <br />plans and specifications for the proposed improvement were ordered to be made. <br /> <br />The general nature of the proposed improvement is as follows: <br />a. Renovation and repaying of the street; <br />b. Removal and replacement of partial concrete gutters and curbs; <br />c. Replacement of partial sidewalks with exposed aggregate; <br />d. Replacement of partial concrete drive approaches with exposed aggregate. <br /> <br />The revised estimated cost of the proposed improvement is $78,481.98, which does <br />not exceed the original estimated cost of $70,000.00 by more than 25%. <br /> <br />The plans and specifications for the proposed improvement are set out in the attached <br />"University Heights Subdivision Number Two Improvement Project," marked <br />Exhibit "A" and made a part hereof. <br /> <br />The proposed assessment roll, listing the assessments to be made against each parcel <br />of real property deemed to be benefitted by such improvement, is attached, marked <br />Exhibit "B" and made a part hereof. It is proposed that the assessments shall accrue <br />interest at the rate of 8% per annum until paid in full. The property owners may pay <br />such assessments in full when levied or in substantially equal annual installments for <br />a duration not to exceed 20 years. <br /> <br />The plans and specifications (Exhibit "A") and the proposed assessment roll ( Exhibit <br />"B ") were filed with the City Clerk on March 6, 2000, and have been open for public <br />inspection since then. <br /> <br />7. Due notice of a public hearing held by the City Council in the City Council <br /> <br /> <br />