TITLE
Recommendation to adopt Plans and Specifications No. R-6845 for The Toledo Undergrounding Project; award the project to and subject to the closing of the bond sale for City of Long Beach Assessment District No. 08-01; and authorize City Manager to execute a contract with the Hood Corporation in an amount not to exceed $744,200, and execute any necessary amendments thereto. (District 3)
DISCUSSION
The owners of property along The Toledo between Second Street and the Geneva Walkway requested that the City establish an assessment district to finance the costs of undergrounding overhead electrical, telephone and cable facilities. In response, on September 23, 2008, the City Council adopted RES-08-116 expressing the intention of the City Council to establish City of Long Beach Assessment District No. 08-01. On November 11, 2008, after conducting a public hearing regarding the Assessment District, an election was held wherein 76 percent of the ballots cast by the owners of the property to be assessed (weighted by the amounts of the proposed assessments on their respective properties) voted in favor of the Assessment District.
On December 16, 2008, the City Council adopted RES-08-0158 overruling protests against the Assessment District and affirming the results of the election, and adopted RES-08-0159 confirming the assessments and ordering the improvements for the Assessment District. On December 22, 2008, the City Clerk recorded, in the County Recorder's Office, a Notice of Assessment against each of the parcels in the Assessment District. On May 18, 2010, City Council adopted two resolutions determining all unpaid assessments for the City's Assessment District No. 08-01, providing for the issuance of improvement bonds, and approving related documents and actions for Assessment District No. 08-01. Attached is a copy of the May 18, 2010 Council letter explaining the financing of this project in greater detail.
Based on plans prepared by the utility companies...
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