HomeMy WebLinkAboutORD 1124131
WHMMS, The Mayor and Council of the City of Caldwell,
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in they Cou27CyP of Canyon, State of Idaho, purswvnt to and in full
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compliance with all lagal requisite and prellminary proceeds,
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and pursuant to Ordinance No. 1097, passed by they Council and
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approved by the Mayor on the 17th dad' of April, 1967, have hereto-
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fore created and established Ducal Taprovemerit District No. 61 for
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the CItyt of Caldwell, Uaho for this purpose of constructing street
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improvoments therein, consisting of curds.. gutters# street and
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alloys valleys along and upon said streets In said district and
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providing for the surfacing, grading. and olling of the streets
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and avenues thereinp and for the purpose of constructing sewers,
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ditches, drains, conduits, and ehamels for sanitary and drainage
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purposes, either or both tahereof # with outlets, cesspools, manholes,
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catch basins, flush tanks, septic tanIcs and an other sower appur-
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tenanaes necessary for the comfort, convmlencs health and well-
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being of the municipality within said distriot; and
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WHEREAS, Said Improvements are to be made and completed
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in said district, pursuant to said proceedings; and
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WHEREAS, The Committee one Streets and the Committee on
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Sewers, together with the City` engineer of the City or Caldwell,
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1 11 per and in all respects legal and aceordiM to the laws of the
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1 shall be paid for in installments as nearly as may be in ten equal
2 I annual payments; said installments payable as provided by law, in
si each of the years 1969 to 1978, inclusive.
4j Section 3. That there be issued In the name of the City
of Caldwell, Idaho, improvement bonds of said Local Improvement
6 District Ito. 61, for the City or Caldwell, Idaho, In the principal
7I sine of FORTY SIX THOUSAND SEVEN RUN== FIFTY SIX AND 63AOO
8, ($46,756.63) DOLLARS, which said bonds shall bear date the first
day of February, 1968, and shall bear interest at a rate not to
to ezeeed six (6 %) per cent
per annum, payable semi-annually an the
11 first day of February and the first day of August, each year, said
12 interest to be evidenced by coupons attached to said bonds. Said
131 bonds shall consist of 93 bonds in the denomInation of F$VE H UNDRED
14 AND N DOLLARS
/ (50.00) sash, numbered from two () to ninety-
5 , .four=_ (94) inclusive, and one bond in the denomination of T140 HUNDRE
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��4 16 FIFTY SIX AND 83 /100 0256-83) DOLLARS numbere one (1 and the
17 total sum and issue of said bonds hereby authorised shall be payable
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1a as nearly as may be in equal annual amounts; said bonds to mature an
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I fellows
$4,756.83 in the Year 39
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$5,000.00 in the Year 1970;
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5,000.00 in the year 1971;
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5, 000.00 in the Year 1972
24 $4, 500.00 in each of the years 1973 thro
197$;
25 Said bonds and coupons thereto attached shall be payable at the
26 office of the City Treasurer of the City of Caldwell., Idaho; said
27 bonds, shall be signed by the Mayor and attested by the City Clerk
28 and counter- signed by the City Treasurer of the City of Caldwell
" 11 and each bond shall have the corporate seal of the City of Caldwell,
the City Treasurer of said Clty and vhm so ueouted gha3.1 s t
Oonatitute the binding obligation of said At t. for said in-
terest,
section 4. Mat saW b and the coupom thereto
attached as authorized by this ordUmAce $hall be In substantially
the folZoWLM to=:
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20:1 1 On the first day of (August) A. D. 19 ,'the, City of
2 1 11 Caldwell, in the S' qte of h� 1 y try the iaMr
(phoalmile Signature)
mayor
.MST:
(Pagalal e S 'fir a .
City ---'
'J , at• . ,
-0-40 almlle Sigmt
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Y
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demption of tAeir property from the lien or such assessment and
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shall authorize the owners and holders of sold bonds to receive,
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sue for and collect or have collected suoh aosessiment embraoed in
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any such bond or through any of the methods provided by law for
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the co '• assessme f or l oca l "v P L S S; f S +' and the City
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or Caldwell hereby pledges to such bondholders thia exerelge of 811
lawful Oorporate powers in the collection of the assessments levied
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for the payment or such bonds.
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Section 6. That the whole costs of the improvamento made
to Tooca I mprovemen t Dl strlot 'e's, 61 for t he Ci ty o f Ca ld wel l,
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Tdahopand the apportionment of the same as set forth In the assess-
men , r ol l made out a P a r'i to the provisions of Ordin N'n« .
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IM and fil ea. in the office 4.'1 the Cit C on , „ 20th day . .L .:::
N ov e m ber .. 196 7 and confirm by t he Counci a .... t he l8 1 of
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December, 2967 Is hereby assessed against all the real. estate I
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said ftstriot set forth In said assessment roll, whiah to hereby
spec ifically e'L 4 d mad
e fo f l eng th
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Section 7. said installments of assessments shall be pay-
a ble on or before June I of Y # insta
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bear l a t eres t a t he ra not P excee s per -. A" a p er am
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which aosessments and interest frcm the lot day of February* 19M#
Y' # t he da i mprovemen t d bon ds by this
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w «•. Y n&.k- un tU matur a .. sa id +x, ;....a are h ereb y dec
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co=by of OoVOXI, State Of Idaho
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a a fit_ a � e • ,' ,
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