Loading...
HomeMy WebLinkAboutORD 2000r a BILL NO. 2L ORDINANCE NO. 9cm AN ORDINANCE CREATING LOCAL IMPROVEMENT DISTRICT NO. 93 -3 OF THE CITY OF CALDWELL, IDAHO; DESCRIBING AND SETTING FORTH THE BOUNDARIES OF SAID DISTRICT; PROVIDING FOR THE IMPROVEMENTS TO BE MADE THEREIN; APPOINTING AN ENGINEER; AUTHORIZING THE ADVERTISING FOR BIDS FOR SAID WORK; PROVIDING FOR THE ASSESSMENT OF COSTS AND EXPENSES OF SAID IMPROVEMENTS AGAINST THE PROPERTY WITHIN THE DISTRICT BENEFITED THEREBY AND THE METHOD OF ASSESSMENTS; PROVIDING FOR THE ISSUANCE OF LOCAL IMPROVEMENT DISTRICT BONDS AND WARRANTS; AND PROVIDING FOR THE PUBLICATION AND EFFECTIVE DATE OF THIS ORDINANCE. BE IT ORDAINED by the Mayor and City Council of the City of Caldwell, Idaho: SECTION 1. The City Council of Caldwell, Idaho, hereby finds and declares: (a) That Local Improvement District No. 93 -3 will be in the best interests of the property affected and of the City; (b) That there is a reasonable probability that the obligations of Local Improvement District No. 93 -3 will be paid; (c) That the value of the property subject to assessment within Local Improvement District No. 93 -3 (such value being determined by the current assessed valuation of such property for ad valorem tax purposes, as shown by the records of the Assessor of Canyon County) exceeds the sum of the estimated costs to be assessed against the property included in Local Improvement District No. 93 -3; and (d) That the City Council has heard, considered, and passed upon all protests which were filed in writing in advance of the hearing, as more fully set forth in the proceedings of said hearing. SECTION 2. There is hereby created and established a Local Improvement District within the City of Caldwell, to be designated "Local Improvement District No. 93 -3 ( "LID No. 93 -3 the boundaries of which Local Improvement District are as follows: RICE ROAD L.I.D. BOUNDARY All of Lots 10 through 17, Block 1 and Lots 1 through 8, Block 2 of the North Hill Subdivision. 0 0 LARCH STREET L.I.D. AREA All of Lot 7, Block 1 of Green Acres Subdivision No. 1. All of Lot 1, Block 1; Lots 1 and 6, Block 2; Lots 1 and 6, Block 3; Lot 1, Block 4 of Green Acres Subdivision No. 2 and all of Lot 1, Block 3; Lots 1, 16, 15, 14 and 13, Block 4; Lots 1, 16, 13 and 12, Block 2; Lot 1 and the Southerly 75 feet of Lot 7, Block 1 of Fairoaks at Indiana Subdivision on file in the Canyon County Recorder's Office. ILLINOIS AVENUE L.I.D. BOUNDARY Beginning at the Southeast corner of Lot 18, Block 4, Montana Manor; thence 80.6 feet to the West line of said Lot 18; thence North along said West line to the South right -of -way of Helena Drive; thence North, 50 feet to the Southwest corner of Lot 16, Block 3, Montana Manor; thence North 100 feet to the South line of Lot 17; thence West to the Southwest corner of Lot 17; thence North 242.26 feet to the Northwest corner of Lot 20; thence Northwesterly 27.6 feet to the Northwesterly corner of Lot 21; thence North 100 feet to the Northerly corner of Lot 21, Block 3, Montana Manor, thence Easterly across Missoula Way to the Westerly corner of Lot 1, Rojmar Subdivision; thence North 75.5 feet; thence East 65.77 feet; thence Southerly 543.19 feet along the East lot line and the East lot line extended of Lots 1 through 5 of Rojmar Subdivision to the centerline of the Caldwell Low Line Canal; thence Southwesterly along the centerline of the Low Line Canal 132.18 feet to the Easterly right -of -way of South Illinois Avenue; thence Southwesterly across South Illinois Avenue to the Southeast corner Lot 18, Block 4, Montana Manor Subdivision, the POINT OF BEGINNING. SECTION 3. The improvements to be made within L.I.D. No. 93 -3 are as follows: It is the intention of the Mayor and City Council of the City of Caldwell to construct street improvements in the following streets in said City: Rice Ave., from Tyler to Uvalde; Illinois Ave., from Helena to Missoula Way; and Larch St., from Indiana Ave. to Illinois Ave. Said improvements are to include excavation, base gravel, curb and gutter, paving and drainage improvements. Sidewalks are required on the East side of Illinois and the North side of Larch Street as a condition the Fairoaks at Indiana Subdivision and the Rojmar Subdivision Plat improvements. That the general character of the improvements shall be as follows: The improvements to be constructed on the streets are concrete curb and gutter, gravel base, asphalt surfacing adjacent to all properties and the necessary widening and drainage to complete the streets. Sidewalks will be installed on the North side of Larch Street, for the entire frontage of the Fairoaks at Indiana Subdivision, and on the East side of Illinois Ave. for the entire frontage of the Rojmar Subdivision. 0 0 Sidewalks on the remaining property in the L.I.D. will be constructed upon request by the property owners. The improvements will also include engineering, legal and administrative expenses. SECTION 4. The aforementioned improvements shall be made and the costs and expenses thereof shall be assessed against the abutting, adjoining, and adjacent lots and lands according to the front -foot method of assessment, all as provided by Section 50- 1707, Idaho Code. SECTION 5. Said improvements are further and additional improvements. SECTION 6. The total estimated cost of said improvements is $ 200.000,00 and shall be paid from a levy of special assessments against the abutting, adjoining, contiguous, and adjacent lots and lands benefited and included in L.I.D. No. 93 -3, each lot and parcel of land being separately assessed for the cost thereof, on the basis set forth in Section 4 of this Ordinance. Said assessments may be paid in ten equal annual installments of principal and interest as nearly as practicable, if not otherwise paid as provided by law. SECTION 7. Costs and expenses assessed as herein provided shall include the contract price of the improvements, engineering and clerical services, advertising, cost of inspection, costs of collecting assessments, interest on any warrants issued, for legal services for preparing the proceedings and in advising in regard thereto, and for the costs of acquiring land, if necessary. SECTION 8. The City Council hereby finds that such apportionment is equitable and is based upon the special benefits each parcel will receive from the project. SECTION 9. The City Engineer is hereby appointed as Engineer for the project and shall prepare the necessary plans and specifications for the construction of the improvements. SECTION 10. To provide for the immediate payment of the improvements herein provided for, pending the payment of the installments on assessments hereinabove provided for, the City shall issue bonds as provided in Idaho Code, Sections 50 -1715, 50- 1722, and 50 -1724. For the purpose of making payments for said improvements as the same are installed, prior to the issuance or sale of bonds, the City may issue warrants against L.I.D. 93 -3 assessments, payable to the contractor or other persons upon the estimate of the Engineer, bearing interest at not in excess of allowable limitations as determined by the City, which warrants, together with interest thereon to the date of the issuance of the bonds, if issued, shall be redeemed and retired by the proceeds of assessments paid in full and proceeds of the sale of said bonds. SECTION 11. This ordinance shall take effect and be in force upon its passage, approval, and publication. PASSED BY THE CITY COUNCIL of the City of Caldwell this 16th day of August, 1993. APPROVED BY THE MAYOR of the City of Caldwell this 16th day of August, 1993. ATTEST: F;&"PWQ . 1 Mm