HomeMy WebLinkAboutORD 1205A.
BILL P
Wo
I t o
I
o��
BY C0tjbjC1VUi.R
WEEPEAS the Mayor and Council of the City of Caldwell, in
the County of Canyon, to of Idaho, pursuant to and i-n full
IS compliance with all legal requisite and pTeliminary procoo6inja
1711 d pursuant to Ordinance No. 1164, passed by the Cor nnd
approved by two Nayor on toe 19ts day of say, 1969, have Sierew-
10 fore createJ and established Local Improvement District No. 65 Ar the
City M Caldwall Idaho, for the purpose of constructing irrigation
2Y pipelines, lateral extenslons, valve outlets, check boxes anwi
over flow lines to serve the properties within the boundaries of the
district; and
WaSREAS, said improvements are to he made and completed
z
z
doll
aid
a
v
"v
0 0
411
VE
9
d4
11
I
such liabilityj that in response to said notice, payments were made
in the sur. of 01M. THOUSALT SIX HUNDIMM NUMMI PJ;D 92/100 ($1,611AV
DOLLARS # and
WHEIMAS, in thO discretion and opinion of the City Council
Of U10 CitY Of CaldWOIlo the utpaid balance of costs and expenses of
ICI the Improvements made or to be made In Said Local 1rnprcvoP*nt District
No. 65, which In existing and chargeable to tl-.s- aLutting, adjoinino2
M[ contiguous and adjacent blocks, lands and parcels of land aL
set for in said assescment roll, should be provided for and paid
,j in ins ta2lrients instead of levying and collecting the entire tax or
1111�!i 11!1111
Arm M 1174 IN I i i
i advisable to sa
issue id bonds in denomina tions O
of NE HUNDRLD AND
�NQ/100 (VIOG.00) DOLLUS, said bonds to be in the sum of FIVE
rr: I �z ,
tl � • 0
IN i I I IM II I'M III
Or TUF. CITY OF CALMEML, IDA110, AS FO
I
O��
S
lilli�llimil III I'll I I
ignprovemnts within the boundaries of said Local Improvement District
Section 3. That there be issucd in the namc Of tk-s CitY Of
Caldwell, Idaho, intproveowte bonds of said Local Improvemant District'
N cS f the city at caldwell idsho in the principal sum of
�WJVL THOUS2UM FIVE HUNDRED VIM AND 09/100 05 DOLLARS,
wilich said bonds shall bear date the first day of rebruary, 1971,
ard! shall bear interest at a rate not to exceed five per cent M
-4-
z
e
0
a
�3p
A�
a
0
x i
26
E l
4
•
mc
o-
mc
M
part of, the limitation iiVosed by law as to the indebtedness of
said City. Ar
certifie and rec ited
. w b fully ,? �, ` a in
aents of law the s uance o f this b ond , and the total amount excee any limit proscribe
e
p the co
Improvemnt District No. 65, f or . , Cit of .
said City of Caldwell, County of Canyon. Stat of Idaho, hereby
pledges the esercise of all lawful corporate powers. I
IN TESTIMMY WhM"Or the City Council of the City of
Caldwell, Idaho,, has x
FN
at tested there under the seal o
,� and countersigned 1;y the City Treasurer of naid City as of
tkis first day of February, 1971.
i
v
a
�s 0
0 �pp
Ga�
Pi U
a
r�r
U
11
C OUNTERSIGNEDs
tci i.. �3
e
51
0
�m
w
a ,.
1e
1
each lot or tract of laud herainbefore apecified from and after the
2
eats of confirmation Of Said assessment roll and shall have priority
3
over all other liens except gener taxes.
4
Leo So The first paynant of installments f assessments
5
shall be due and payable t the expiration of four months from the
6
dAUh of the boide hKein allthOrizOd and subsequent installments at
7
tho 09piration of each year hereafter; provided, that if say install-
8
Went is act paid within twenty ( 0) dAYS from the date said instal
g
ph t shall become due and swell become delinquent and the
10
City TVGABUCOV shall add 4 Penalty of two per coat (2%) thereto.
11
Section So Whenever any installment of an assessmant made
12
for thO Payment oaf interest or principal of Me bonds herein author-
1
ized is not paid Vhen due alld shall becove delinquent it is here y
14
declared that all such unpaid installments a a whole assessmen
15
made against any property in said improvement diatrict to pad the
16
t and Mcn00 Of such imProvement shall be Immediately
p;4v
17
Payable and delinquent and the City Treasurer zhall for wits odd
"v
to a rat shown on d, installment docket a penalty of two per
18
cent (2%) thereon.
20
Section 10. The City Council or otter authorized taxing
21
Officer of Caldwell, stall. for the purpose of ratifying and confirm
22
Ing the asseasmenta he rely made, levy 03 1 assesswents each year
23
h ft " sufficiant to the installment of hands with interest
24
&CAt thereafter maturing as issued pursuant to the Asi of
25
this ord na <es and in mp tint of special assessments
26
to be thus levied against each piece of proper, liable therefor,
2?
interest at the rate of f. ve per cent (2) per annum, from a date
IM
of the issuance of said bonde naxt thereafter mat i shall be
29
included in laVies, Such assesanants shall be rude Apon the
30
property chaxleable for the cost of such improvements r tiv l ,
31
and shall bO 1 vM and collected in the same manner as prescribed
32
day law for the levy y and collection of special assessments for such
11
16 k « ■S72 ,
11 .
£off G Englehart .
2 Ul zk o£ ^ i Cis
County of Canyonp State of Idaho
§ 13
■ � �
1
2
low le
a |]
17 .
,
is
5 �
1