Title
Restrictive Covenant Non-Remonstrance Agreement for the Bespaly Building Project (Planning File No. SP14-04)
Body
RECOMMENDED ACTION (Motion):
Adopt the Restrictive Covenant Non-Remonstrance Agreement for the Bespaly Building project (located at 512 and 514 7th Street) and authorize the Mayor and City Recorder to execute this document.
BACKGROUND:
In accordance with Oregon City Municipal Code 16.12.095, at the time of land division, applicants shall execute a binding agreement to not remonstrate against the formation of a local improvement district (LID) for improvements that benefit the applicant’s property. Specifically identified in the OCMC are transportation, stormwater, sanitary sewer, water and sidewalk system improvements.
A Restrictive Covenant Non-Remonstrance Agreement provides a waiver of any and all rights to remonstrate against the formation of a Local Improvement District by the City of Oregon City for the purpose of making various improvements.
More specifically and under this action, the Restrictive Covenant Non-Remonstrance Agreement attached to this report serves as the binding agreement preventing the applicants from remonstrating against the formation of an LID by the City for the purpose of making public improvements for the project identified as Bespaly Building project (SP14-04), Tax Map 2-2E-31AC and Tax Lot 00300.
ATTACHMENTS:
1) Restrictive Covenant Non-Remonstrance Agreement for the Bespaly Building project
2) Area Map