HomeMy WebLinkAboutORD 2475Ids r II Wiin C) 3
BILL NO.
ORDINANCE NO. Q 415
AN ORDINANCE CREATING LOCAL IMPROVEMENT DISTRICT NO. 03 -02 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 SEVERABILITY; 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. 03 -02 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.
03 -02 will be paid;
C. That the value of the property subject to assessment within Local Improvement District No.
03 -02 (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. 03 -02, 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. 03 -02" (LID No. 03 -02), the
boundaries of which Local Improvement Districts are as follows:
Lots 13 through 24, inclusive, of Block 2, and Lots 1 through 13, inclusive, of Block 3, of Country
Acres Subdivision No. 2, Canyon County, Idaho, according to the plat filed in Book 13 of plats,
Page 34, records of Canyon County, Idaho.
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