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lir' <br /> 112 <br /> F'. March 33,1983 <br /> values. He also stated the Veralene Estate homeowners are not the <br /> hab Hillis Homes <br /> pld be <br /> roperty party <br /> er LID assessed, <br /> the residents purchased theuproperty <br /> without knowledge of theLISbeing'residents <br /> existence. <br /> o.cilman Ov a O <br /> ked how the homeowners could no knowabout <br /> the L d Mr replied the first knowledge they had was <br /> s <br />{.. when they received thenotice of the finale <br /> assese 11 hearing.said there were 95aignatures o£ 3homeownersmontheir petition <br />, to the Council. He <br /> asked that theserhomeowners be removed from the <br /> nt <br /> l. <br /> He theneaskedlwhere the 15th 8 signalisatfon w and as it was <br /> I He <br /> eointed out o x0 Avenue a 15th,wee said tw over <br /> away Pointed <br /> Veralene OEs s and 75"St. oflittle or <br /> residents of the citizens i Veralene E He feltthatardeson <br /> ,+ as assessment e beefit N Ve ns thereCouncilman but Oot to the vers Overstreet then <br /> that"e F asked some <br /> insurance beenapplied. <br /> Mercer replied that e708tof the <br /> people inVeralene Estatesw a new dhomeowners and were not knowledgeable <br /> on all of these pipers. The majority of them had received their title <br /> insurance some after the final papers had been signed and were <br /> unaware <br /> there was anassessment. H aid vn the title insurance <br /> there was small section regarding exclusions or n <br /> LID i he amount <br /> of$131,000 and when a homeowner read this he certainly did not think <br />{ <br /> title <br /> in affect his 5105000 ssmen was <br /> alsoand <br /> some <br /> out that Thesome insurance had the ase a it and some did n The <br /> original preliminary <br /> itnzey a de the Veralene Estates <br /> Plat inddividualtlots�. <br /> ie" <br /> li. Councilman Stephenson asked what their major objections wezw and he <br /> said their primary objection was that Nese lots did not realize an <br /> increase in property value because of this improvement. simprovement <br /> 0' es <br /> as there when they purchasedtheproperty. a pointed out that the <br /> 150 dwellings in Veralene Estates would not overload a two-lane high <br /> way,such as Rardeson Road h.been prior to the Improvement. <br /> objection to Ne propoaeaes ne t was read into the record by the <br /> City Clerk Eor Hillis Hom <br /> Ed Heaney,representing Hillis Homes,said he i only rep ming <br /> the property by ening is theshomeowers. connection with <br /> represent h <br /> ills any lot in Veralene Estateseis i the en <br /> in one1lot and not <br /> o the Council could heexcuse the assessment <br /> on one of dna not ezuae v[on other lots intNeVeralene B a s. <br /> d inh1978,Hillis Homes had proposed Veralene a to this <br /> He aaane there we objections f residents on UppertRiageiRoad <br /> anddOLw Ridge Road against the proposed plat. order get <br /> approval they had to constructr to Haraeeaon Road,plus <br /> typesof improvements. An as performed and,based he <br /> there is certainly no benefitfromthis improvement to the <br /> EIS, <br /> E said Hillis Homes had first baware of <br /> the L when the first title insurance was processed. There had been <br /> no mention of this proposed LID during discussions on Veralene <br /> Estates. <br /> He said this is an industrial area <br /> nd athe improvements are <br /> s <br /> designed <br /> increaseto access <br /> and value of industrial property. e the <br /> various i industries in the area are receiving much more benefitthan <br /> a single family home. <br /> - <br />