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NOW, THEREFORE, BE IT ORDAINED by the NlayDr and f'ity - OF the C11V Of
CaJdvw+ell, Idaho;
Section 1, The l.rxzml improvement Ulstrict N&. 07 -2 Mcntibrked iri the preinises of dris Ord.innLMce
is hereby named and shall thereafler be know« -t as "Local Improvemery district No. 07 -2 liar the
City of Caldwell, ldaha", the Org=izatian Of said District hawing bo=n Mil - MWJ by a R-c lutitm
UJUVted by an of Lmiativu v ci a rrwj' U ity 0 f the memlx75 of the City Council �f I lie Ci k� Dr
CZtldVMII, 14UN3.
Section 2. On Febtuary 4` , 2008, the Mayur :utd City C�O1lI M �� f the C'i [fir i�f f'aldwell, fresh ❑, 11eL�L
b he4krin& the notices (bn4h pulrliCdlic3n and MALiling icy jxnperty owners) of %aid hearing as given by
the Clerk be ing horcby. ratiftcd Knd ronfirrnpd, to h ear All protcvs aga inn the pFCFP1ud
!mprg3vcmctd,L, and the creation of said Vi :s ict, that thiL District was in the best intricsss of bo th-
property ai'f`eetcd and tl,e City of Caldwell and that thcrc was mnonahle probability that the
obligations of the Distrid would be paid.
Section #_ 7'hc actual value of each parcel 0 f earl pnoperty mws&od hercin, having hm-n pToviried
from the Official reca3rds of the Asnc isrrr'_s Officx irf' f'�y�vn County, a5 so fi rth - 3n ctio�5 4,
Subscetion "d" 9f tlhi'q I?r&MFIGc, has bccn delcr - M ned to xc the coo of Mprowrnic-3 ash .Ssad
reim iogether with all other outstanding and unpaid [.irca] 1MPrQVC bens 13i�t1'0 av'uL3Me1nIs,
exeiudlrg intemst and penalties against said property. Said actual valiic is 5m Imill for the prOWy
M the sal local lmpnavcrnsmt District in Swion 4, subs tion - d" - 1r'ALUIE. OF PROPFVY
hereafter shOlhri.
$.cctii6n 4. "IYie property to he assessed and the improvcmcnls made w ithin 5.aid Local Improvcrrrent
Di5hiet Ko, 0? ufi provided by Or- Linwwe No. 7686 are defined as follows;
(a) l3OUNDARIFS;
The boundaries of Local lmprovemcstt District 07 -2 am doscribexi as fol lows:
AT VARIOUS LOCATIONS LYING WITHIN THE BOUNDARI
OF THE CORPORATE LIMITS OF TI IE CITY OF C'ALI)EWELL
(b) IMPROVE MI'N l - S;
The general character of the improvcmcnta for this aisrriCt weer tO exwrid City u tilil y sci-ti+ioes
and. allow connection thereto_ The improvements ail - porludcd engineering, legal, bonding,
SLIVV 31331g, ptintirg, Mtet�est and adrnitristrativc expenses,
{c) COST:
The iota[ cost of the aibresaid improvcmcnt!� i-s $22,035.13 al of w1lich wil l be paid 15Y tho
1 articipants -of the District.
(d) VA 1 .1 J OF PROPERTY:
The Council fiats and declares that the Value of tJhe property within the %a Local lmprovcmcnt
District is not less chars the sum or $452,200-00
1 Oast and experse& r«i Ehe impravr-munta authraimd anJ ordered by said Ordilnartoe No. 2696 in
Lhr afbre% aid Leal Impnivrm,cnt D1 ct aic in the amount of$22,035.13 all of will be *d by the
Parti -ciparrts, ci F the District- The amount of 522.03 5.13 which inc] odes a] I casts four legal rvites,
Wvenising, printing, and bonding is the arnowit w hich slsaJJ be poid entirely tram th,r p s Of
the asmssments hereinafter levied. It is, t1verefore, expressly f aural and drL rrnined RFW pubhe
hearing as 2f0res$id that each lot. lroct, Or panel o t` real pn)prrty hmeini f ur asscsscd in -Wid
District is assessed in the f ropart.iaih that such ]cat, tr:u or p=el "I'll he severa ly benefited by the
abQVa deciLribed irnprc3Veme1tt!; Madf! in the District and L hat nu such lut, tract, -Dr parcel of real
prrgKrty is atisefised in a grater ernnrrit than it will h� actually benefited by the imiarovomcnts
aothorizcd and (vMcrvd by Ordinance No- 2686.
wW S. The Mayor and City Council of the Gill} of Caldwell, Idaho, hereby confirms the
Assessment Roll certified and tiled With the City Clerk raT i h,c Lze Irnprovument District No. 07-
2 for the City of Caldloell. Idaho, and krcby order the )cry of the assessments shown in said Roll
arsd thereby levy against each lot, trait acrd parcel of real propeAy shown in said Roll the amount of
wsessrttents listed therei n to -wic Soo Exhibit A., 1Jw Assessment RolI for L.I.11 0 -
Section 6, The City Ckerk shall irnmcdiatcly file wick the Canyon County recorder, a n,eticc of
a wssrrwat lien which shall contain the date of this Ordirwnr a and a description of the boundaries
of L =fl JWPTb nerrtettt Dis4im No. 07 - oaf the trite of Caldwcll, Said Ass sm-•nt Roll sho.11 be
Glcd with Vic C Trcastirci, and the Asscmmcrits contained thcrt-in shaLll he irrrncJ_PUely du-0 €uid
pmyable to said T th irty (30) days from the ril'M iwc +.late of this Oniinance and if thr, whule
of said Asscssmcnts arc not paid within swaid thirty (30) day period, such msc5snncnts shall become
dciinquent and ahal I be collected in the .same martrter and with the same pcaallic5 and interes ad&-d
thereto as hereinafter provided for delinqumit assessrrmcnts provided, howcver, that a]1 such
assessments, or ally part ftreof, may, at the clectlon of the owner, be paid in installments. Failure
to pay the whole assessment within thirty (30) days J'10311 the date oi' iho adopticm Qfth Ordinance
shall be ouncIusivOy pres+umcd tired r - ohsidcmd wKI held to he an cluaicm Can the part of al persons
interested, whether under disabi lil car o ci to pay said amcssmcnts in installments. In such
r-aw the unpaid assessments shall be payablc to said Cit Treasurer in ten (10) substan equ
annual installments of principal and interest, the first installment of whIch shall be due and payable
on ar beiarc the 0 day of Marclh, 2009, and the re rraiedcr of said installments stall be due and
payable successively each yew thereafter mtil paid in full, with interest, in all cis on the untsa.id
arrd deferred installmotts of principal e0371puted from March 4"' 2W8, at a rate equal W (i) the rate
to be borne by the special asscssrncnt bonds hereafter authorized, plus (ii) up to 1 % (percent) per
annurn for administration expenses, such rate is to be not less iliaii four percent (4 %) and not
greater than tcn percent (I tM) per wmum, payable arrrrual ly at ttw Oft't -cc of the City 'Treasurer, the
first annual paymcm of principal and interest being due and payable on the 4th day of Marx:h, 2 ,
and the remainder of said atutual instalLnents of principal and interest being due and pa yable
. . . . . . . . . . . ....... ......
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