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Home My WebLink AboutORD 986BILL NO. 5 ORDINANCE NO. 986 BY COUNCILMAN Shorb WHEREAS, The Mayor and Council of the City of Caldwell, WHEREAS, Said improvements are to be made and completed lin said district, pursuant to said proceedings; and WHEREAS.. The Committee on Sewers, together with the City (Engineer of the City of Caldwell, have heretofore, according to the provisions of Ordinance No. 979, and in all respects according to law and the ordinances of said City, made out and duly certified by the City Council of the City of Caldwell, an assessment roll of, in, and for said improvement District No. 49, fixing the total costs of the improvements to be paid by the owners of prop- erty in said district at the sum of FIV- THOUSAND NINE HUNDRED THIRTY FIVE & 30/100 05,935.30) DOLLARS and shall be taxed and assessed upon all of the property included in said local improve- LAW OFFIC SMITH & MILLER CALDWELL, IDAHO roll was heretofore on the 5th day of February, 1962, duly certifi to the City Council of the City of Caldwell, and filed with the City Clark of said City; and WHEREAS, Upon certification and filing of said asses WHEREAS, The time for filing objections and protests 1having expired and said matter having come on for hearing and consideration at the appointed time and place and no objections Co protests whatsoever having been filed in said matter and no one appearing to protest or object to said assessments or said assess- ment roll, or to any matter in relation thereto; and WHEREAS, Said assessment roll having come on regularly for hearing and consideration and the same having been fully and duly considered by the Playor and City Council of said City, and said assessment roll, together with all the proceedings in making such assessment having been, by said fkayor and said City Council found regular, valid, correct, equitable, fair, just, proper and in all respects legal and according to the laws of the State of so LAW 0 FICES SMITH IN MILLER CALDWELL. IDAHO Idaho and the ordinances of the City of Caldwell, said Ylayor and Council approved and confirmed said assessments and said assessment roll, as more fully appears by order of said City Council in said proceedings; and VINE KI AS, notice of time, place, and. manner of making cash payments was duly given by the Treasurer of the City of Caldwell, according to law, to the property owners to be assessed within said district, stating the time for payment to begin, to wit'. the 2nd day of March, 1962, and the time for payment to'close, to wit: the 2nd day of April, 1962, the last publication of said notice, to wit: the 2nd day of March, 1962, was not less than thirty days before the issuance • said bonds authorized or to be authorized to be issued; which said, notice advised said property owners that the owners of any property assessed within the said district might pay his assessment in full within the time provided, or before the issuance of said bonds of said district, and redeem WHEREAS The City Council of the City of Caldwell des--re to issue in the name of•said municipality, improvement bonds of said Local. improvement District No. 49 for the City of Caldwell, Idaho, to bear the date, the Ist day of May, 1962, payable as nearly as may be in ten annual -3- LAW 0 FICES SMITH & MILLER CALDWELL, IDAHO installments of approximately equal amounts, each of said bonds Section 1. That all proceedings, matters and things heretofore taken, had, and done, in connection with the creation and establishment of Local Improvement District No. 49 for the City of Caldwell, Idaho, and in connection with the construction therein of the improvements, the construction of said improvement Section 2. That the unpaid costs and expenses of said improvements within the boundaries of said Local Improvement District No. 49 for the City of Caldwell, Idaho, which are charge- able and assessed to the abutting, adjoining, contiguous and adjacent lots, blocks, lands and parcels of lands within the said district shall be paid for in installments payable as nearly as may be in ten equal annual payments; said installments payable as provided by law, in each of the years 1963 to 1972, inclusive. Section 3. That there be issued in the name of the City of Caldwell, Idaho, . bonds of said Local Improve- ment District No. 49 for the City of Caldwell, Idaho, in the principal sum of 4 , 5,643.68, which said bonds shall bear date the first day of Play, 1962, and shall bear interest at a rate not to exceed five (5%) per cent per annum, payable semi- M- LAIN OFFIC 5 SMITH & MILLER CALDWELL, IDAHO annually on the first day of May and the first day of November District for said interest. Section 4. That said bonds and the coupons thereto attached as authorized by this Ordinance shall be in substantially the following form: UNITED STATES OF AMERICA I i STATE OF IDAHO COUNTY OF CANYON CITY OF CALL - W7-,LL LOCAL IMPROVEMENT DISTRICT NO. 49 FOR THE CITY OF CALDWELL, IDAHO, IMPROVFJV,E!qT BOND IN 4 LAW OFFICES S'41TH & MILLER CALDWELL. IDAHO 0 0 LAW OFPICQ$ SMITH & MILLER CALDWELL. IDAHO IN TESTIRLONY WHEREOF, The City Council of the City of Caldwell, Idaho has caused this bond to be signed by the Mayor of the said City, attested by the Clerk thereof under the seal of said City, and countersigned by the City Treasurer of said City as of the first day of May, 1962. ATTESTt ED SIPPAERNI'AN Mayor JOHN L. ENG.LEHART City"U - COUNTERSIGNED. ALTA WILLIAMS City Treasurer (FORM OF COUPON) ATTEST: (Facsimile Signature) ViAYOR (Facimile Signature) CITY GLERK COUNTERSIGNED: (Facsimile Signature) CITY TREASURER Section 5. That said bonds, when executed shall be m LAW 0 FICXS SMITH III MILLER CALDWELL. IDAHO 0 assessment, and shall authorize the owners and holders of such bonds to receive, sue for and collect or have collected such assessment, and shall authorize the owners and holders of such bonds to receive, sue for and collect or have collected such assessment embraced in any such bond, or through any of the m provided by law for the collection of assessments for local improvements; and the City of Caldwell hereby pledges to such � bondholders the exercise of all lawful corporate powers in the collection of the assessments for the p ayment of such bonds. Section 6® That the whole costs of the improvements to the Local Improvement District No. 49 for the City of Caldwell, Idaho, and the apportionment of the same as set forth in the assessment roll made out according to the provisions of Ordinance Nou979 and filed in the Office of the City Clerk on the 5th payable on or before May 1 of each year; the unpaid installments shall bear interest at the rate not to exceed five per cent (5%) per annum, which assessments and interest from the lst day of May A. D., 1962, (being the date said improvement district bonds authorized by this ordinance) until the maturity of said bonds, are hereby declared to be lien in the several amounts assessed against each lot or tract of land hereinbefore specified from and after the date of confirmation of said assessment roll and shall ®$d LAW OPPIC68 S M ITH & MILLCie CALDWELL, IDAHO 0 that if any installment is not paid within twenty days from the date, said installment shall become due the same shall become delinquent and the City Treasurer shall add apenalty of two per cent (2%) thereto. Section 9® Whenever any installment of any assessment authorized is not paid when due, and shall become delinquent, is hereby declared that'all such unpaid installments and t i whole assessment made against any property in said improvement t.e..LerK oi me uiry or uai-awe.Li 'Coug .y.,6. .Canyon, State of Idaho. SMITH IN MILLER CALDWELL. IDAHO