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HomeMy WebLinkAboutORD 2211i • BILL NO. 37 ORDINANCE NO. 2211 AN ORDINANCE CREATING LOCAL IMPROVEMENT DISTRICT NO. _97 -5 -5 OF THE CITY OF CALDWELL, IDAHO; DESCRIBING THE IMPROVEMENTS TO BE MADE HEREIN, 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; PROVIDING SEPARABILITY; 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 of Council of Caldwell, Idaho hereby finds and declares: a. That Local Improvement District No. 97 -5 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. 97 -5 will be paid; That the value of the property subject to assessment within Local Improvement District No. 97 -5 (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. 97 -5 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 Z. There is hereby created and established a Local Improvement District within the City of Caldwell, to be designated "Local Improvement District No. 97 -5" (LID No. 97 -5), the boundaries of which Local Improvement Districts are as follows: 0 • A part of the district is situated in the Southeast Quarter of Section 34, Township 4 North, Range 3 West, Boise Meridian, Canyon County, Idaho with the boundaries of this part of the improvement district to be formed being described as follows: BEGINNING at a point on the centerline of South Montana Avenue, said point also being the Southwest comer of the Northwest Quarter of the Northwest Quarter of said Southeast Quarter, thence Northerly along said centerline of South Montana Avenue, said centerline also being the Westerly boundary of said Northwest Quarter of the Northwest Quarter of the Southeast Quarter to the point of intersection with the Northerly Lot line extended of Lot 7 of Block 1 of T & T Subdivision as recorded in the Office of the Canyon County, Idaho Recorder as Instrument No. 715674 in Book 13 of Plats at Page 13; thence Easterly along the Northerly lot lines of Lots 7 & 8 and said lot lines extended to the point of intersection with the centerline of Colorado Avenue; thence Southerly along said centerline of Colorado Avenue to the point of intersection with the centerline of Larch Street; thence Southwesterly to the Northwest corner of Lot 1, Block 1 of McIilveen Subdivision as recorded in the Office of the Canyon County, Idaho Recorder as Instrument No. 9520714 in Book 22 of Plats at Page 36; thence Southerly along the Westerly boundary of said Lot 1 to the Southwest corner of said Lot 1; thence Westerly along a line parallel with said centerline of Larch Street to the point of intersection with the centerline of South Montana Avenue, said centerline also being the Westerly boundary of the Southwest Quarter of said Northwest Quarter of the Southwest Quarter of Section 34; thence Northerly along said centerline of South Montana Avenue to the POINT OF BEGINNING. With the remainder of the district being situated in the Southwest Quarter of Section 15, Township 4 North, Range 3 West, Boise Meridian, Canyon County, Idaho with the boundaries of this portion of the improvement district to be formed being described as follows: BEGINNING at the Southerly corner of Block 68 of Golden Gate Addition, Caldwell, Canyon County, Idaho, according to the plat filed in Book 3 of Plats, Page 26, record of said County; thence Northeasterly along the Southeasterly boundary of said Block 68 to a point 73.12 feet from the Easterly corner of said Block 68; thence Northwesterly along a line parallel with and 73.12 feet Southwesterly from the Northeasterly boundary of said Block 68 a distance of 435.79 feet; thence 0 0 Southwesterly along a line parallel with said Southeasterly boundary line of Block 68 a distance of 140.00 feet; thence Northwesterly along a line parallel with said Northeasterly boundary of Block 68 a distance of 155.60 feet to a point on the Southeasterly right -of -way for Boise Avenue as shown on said plat; thence Southwesterly along said Southeasterly right -of -way for Boise Avenue to a point that is 136.00 feet Southwesterly of and perpendicular to said Southwesterly right -of -way for Madison Avenue; thence Southeasterly along a line parallel with and 136.00 feet Southwesterly of said Southwesterly right -of -way for Madison Avenue to the point of intersection with the Northerly right -of -way for Centennial Way; thence Easterly to the Southerly comer of said Block 68, said corner being the POINT OF BEGINNING. SECTION 3. The improvements to be made within LID No. 97 -5 are as follows: 16,550 SF Paving and Base BD LF 12 -inch Drain Pipe 4 EA Catch Basins ID EA Tree Removal In addition, members of the District shall be allowed to include by their request, additional quantities of street and drainage improvements along their frontages and to have the costs of those added improvements levied against the benefited lands and lots as long as the total cost of all improvements does not exceed the assessed valuation of such property for ad valorem tax purposes. SECTION 4. The aforementioned improvements shall be made and the costs and expenses thereof shall be assessed against the abutting, adjoining, adjacent and/or benefited lots and lands according to a front foot method of assessment 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 $25,000.00 and shall be paid from a levy of special assessments against the abutting, adjoining, contiguous, adjacent and/or lots and lands benefited and included in LID No. 97 -5, 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, legal services for preparing the proceedings and in advising in regard thereto, and 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, advertise for Bid and prepare an Assessment Roll, as provided by Sections 50 -1710 and 50 -1712, Idaho Code. SECTION 10. To provide for the immediate payment of the improvements here in provided for, pending the payment of the installments on assessments here in above provided for, the City shall issue bonds as provided by Sections 50 -1715, 50 -1722 and 50 -1724, Idaho Code. For the purpose of making payments for said sale of bonds, the City may issue warrants against LID No. 97 -5 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. If any section, paragraph, clause or provision of this ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph, clause or provision shall in no manner affect any remaining portions of this ordinance. SECTION 12. 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 20 day of October ,1997. APPROVED BY THE MAYOR of the City of Caldwell this 20 day of October , 1997. .,ice