Advance Financing Reimbursements ORTIZ/Vista loop
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After Recording Return To:
City of Sandy
39250 Pioneer Blvd,
Sandy, OR 97055
THIS SPACE RESERVED FOR RECORDER'S USE
ADVANCED FINANCING REIMBURSEMENT AGREEMENT
Recording Information Required by ORS 205.234
1. Name of Transaction: Advanced Financing Reimbursement Agreement
2. Names of Parties: Baltazar Ortiz
City of Sandy, an Oregon Municipal Corporation
3. Person to Whom Documents to be Returned: City of Sandy
39250 Pioneer Blvd.
Sandy OR 97055
4. True and Actual Consideration: N/A
5. Please send any tax statements to: N/A
6. Information Required by ORS 205.125: N/A
ADVANCED FINANCING OF PUBLIC IMPROVEMENTS AGREEMENT
THIS Agreement is made by and between the City of Sandy, an Oregon municipal corporation
(hereinafter referred to as " City") and Baltazar Ortiz, hereinafter referred to as Developer.
WHEREAS, Chapter 12.14 of the Sandy Municipal Code provides for the entry into
Advanced Financing Agreements between a developer and the City as authorized by the City Council
and executed by the City Manager which agreement provides for the installation of and payment for
ADVANCED FINANCING REIMBURSEMENT AGREEMENT PAGE 1 OF 3
..
, After Recording Return To:
City of Sandy
39250 Pioneer Blvd.
Sandy, OR 97055
advanced financed public improvements, and which agreement contains improvement guarantees,
provisions for reimbursement by the intervening property owners who may eventually utilize such
improvements, inspection guarantees, and the like, as determined in the best interest by the public by
the City Council; and
WHEREAS, pursuant to Chapter 12.14 of the Sandy Municipal Code, the Sandy City Council
has previously conducted an informational public hearing and has given notice to intervening property
owners of the pendency of the Advanced Finance Agreement; and
WHEREAS, the Sandy City Council on November 20th, 2006 has previously adopted an
Advanced Finance Resolution (Resolution 2006-06), which Resolution determined that $263,209.30
of the cost of installing certain sanitary sewer lines in Vista Loop Drive is eligible for reimbursement.
NOW, THEREFORE, this Agreement is entered into by and between the City of Sandy, an
Oregon municipal corporation, (hereinafter, "City") and Baltazar Ortiz, (hereinafter, "Developer") as
follows:
Section 1: Identification of Advanced Financed Public Improvements.
Certain sanitary sewer improvements constructed in Vista Loop Drive are hereby identified as
Advanced Financed Public Improvements eligible for reimbursement pursuant to the
provisions of Chapter 12.14 of the City of Sandy Municipal code.
Section 2: Identification of Intervening Parties and Methodology.
Those individuals identified as intervening property owners who shall pay advanced financed
reimbursement at such time as they apply for connection to advanced financed sanitary sewer,
and the methodology for the determination of the reimbursement amount are set forth in
Exhibit "B", attached hereto and incorporated herein by reference.
Section 3: Disposition of Advanced Financed Reimbursements.
Developer shall receive the advanced financed reimbursements collected by the City pertaining
to the above-referenced advanced public improvements. Such reimbursements will be paid by
intervening property owners at such time as the owners apply for connection to the advance
financed sanitary sewer line. Such reimbursements shall be delivered to the developer for a
period of twenty (20) years from and after the date of adoption of this Agreement.
Section 4: Recording
All Advanced Financing Resolutions shall be recorded by the City in the Deed Records of
Clackamas County, Oregon. Failure to make such recording shall not affect the legality of an
Advanced Financing Resolution or Agreement.
Section 6: Legal Description
The tax lot numbers and street addresses for the intervening properties are shown in Exhibit
"B".
THIS AGREEMENT entered into this
day of
,2006.
ADVANCED FINANCING REIMBURSEMENT AGREEMENT PAGE 2 OF 3
\ .
After Recording Return To:
City of Sandy
39250 Pioneer Blvd.
Sandy, OR 97055
CITY OF SANDY
By: ~dv 4<C610
'-"" (/
Scott Lazenby
:BY~~-~
Baltazar rtlZ
Title: City Manger, City of Sandy
Date: // c? /t) 7
, , .
Title: Developer
Date: \L~~b
STATE OF ()r~
COUNTY OF Clo."\);,A "",,,,,- )
)
)ss.
On this dD ~ day of ~f>CI> ........~ , 2006, before me, a Notary Public in
and for the State of O(~ ' personally appeared &\k"ZD.r o.t;.., known to me (or proved to
me on the basis of satisfactory evidence) to be the person who executed the within instrument on
behalf ofhimself\herself, and acknowledged to me that he\she executed the same for the purposes
herein stated.
OFFICIAL SEAL
SHAWNA K TOTZ
NOTARY PUBLIC-OREGON
COMMISSION NO. 395533
MY COMMISSION EXPIRES JULY 31,2009
~-v\- ? cfr
Notary Public for ()r~O^
My commission expires: "3..J.~ 31, f)t.:;Jj~
STATE OF OREGON )
)ss.
COUNTY OF CLACKAMAS )
On this ~ ~ day of , 200;' before me, a Notary Public in
and for the State of Oregon, sonallyappeare cott Lazenby, known to me to be the person who
executed the within instrument on behalf of the City of Sandy, and acknowledged to me that he
executed the same for the purposes herein stated.
OFFIC1Al SEAL
aMtS. M. WRIGW/f
i'IWm"~ PlJBUG~OR~OON'
~MISSlON NO. 384123-
MY CUMMlSSIONFXPIfIESSEPTEMBER2B; 2008
~""'. ~. ..r~
Notary Public for Oregon
My commission expires:
ADV ANCED FINANCING REIMBURSEMENT AGREEMENT PAGE 3 OF 3
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