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HomeMy Public PortalAboutOrd. 636 - LID #3 Approving Assessment Roll SMRR ORDINANCE NO. 636 AN ORDINANCE OF THE CITY OF MCCALL, IDAHO, APPROVING AND CONFIRMING THE ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT NO. 3; LEVYING ASSESSMENTS AGAINST THE PROPERTY SHOWN ON THE ASSESSMENT ROLL; PROVIDING FOR THE PAYMENT OF ASSESSMENTS IN INSTALLMENTS; AND PROVIDING FOR OTHER MATTERS RELATING TO THE CONFIRMATION OF LOCAL IMPROVEMENT DISTRICT ASSESSMENTS FOR LOCAL IMPROVEMENT DISTRICT NO. 3 WHEREAS, the City of McCall, "City"), is a municipal corporation authorized by Chapter 17, Title 50, improvement districts within the City to levy the cost of the same against included therein; and Valley County, Idaho (the of the State of Idaho and is Idaho Code, to create local , to acquire improvements, and the lots and parcels of land WHEREAS, the City, by Ordinance No. 630, adopted by the City Council (the "Council") on May 13, 1993, duly created Local Improvement District No. 3 ("L.I.D. No. 3") for the purpose of acquiring certain public improvements; and WHEREAS, in accordance with the provisions of Section 50-1712, Idaho Code, the Council has received a duly certified Engineer's Report showing in detail the total cost and expenses of L.I.D. No. 3 and the amounts payable from assessments, and containing a preliminary assessment roll; and WHEREAS, notice of time and place of hearing on the final assessment roll was duly and regularly given by publication thereof and by mailing to the owner of property subject to assessment within L.I.D. No. 3 within the time and in the manner required by law, and the hearing was duly and regularly held, pursuant to such notice, at the time and place fixed for said hearing, on July 8, 1993; and WHEREAS, at said hearing the Council considered all protests and objections to the assessment roll and all evidence presented, and the Council now desires to confirm the assessment roll, to provide for the levy and collection of assessments, and to provide for the payment of assessments in installments; and WHEREAS, Section 50-1711, Idaho Code, provides that no municipality shall order any improvements to be paid for by local assessment where the estimated costs of the improvement shall exceed the actual value of the real property subject to assessment, including the value of the improvements thereon, and further provides that the council shall, by ordinance, provide the method of determining the actual value of real property, including the improvements thereon, in a local improvement district, which valuation shall be final and determinative in the absence of fraud or gross mistake; and Page 1 WHEREAS, the Council now desires to establish the method of determining the actual value of the assessable real property within L.I.D. No. 3 for the purpose of compliance with Section 50-1711, Idaho Code. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF MCCALL, IDAHO, as follows: Section 1: FINDINGS The Council hereby finds and determines that each lot, tract, parcel, and other property included within L.I.D. No. 3 will be specially benefited by the improvements within L.I.D. No. 3, as specified in the Resolution of Intention heretofore adopted and by the ordinance creating L.I.D. No. 3, the same being Ordinance No. 630, adopted on May 13, 1993. Section 2: CONFIRMATION OF ASSESSMENT ROLL The Assessment Roll and the assessments contained therein for L.I.D. No. 3, a copy of which Assessment Roll as finally approved by the Council is annexed hereto as Exhibit "A" and by reference made a part hereof, are hereby approved and confirmed in all respects. No single assessment has been increased in an amount greater than twenty percent (20%) of the amount of the assessment as set forth in the Notice of Hearing. Section 3: PROPERTY AFFECTED; LEVY OF ASSESSMENTS Except to the extent reflected in the final Assessment Roll, as adopted by this Ordinance, all protests against the Assessment Roll are hereby overruled. Each lot, tract, parcel, or other property shown upon said Assessment Roll is hereby found to be benefited to the amount of the assessment levied thereon; and there is hereby levied and assessed against each lot, tract, parcel of land, and other property, as set forth and described in said Assessment Roll, the amount set forth against each such lot, tract, parcel of land, and other property as it appears on said Assessment Roll. Section 4: CERTIFICATION OF ASSESSMENT ROLL; LIEN OF ASSESSMENTS Immediately upon the passage of this Ordinance, the City Clerk shall certify and file the conformed Assessment Roll with the City Treasurer and shall file with the Recorder of Valley County, Idaho, a notice which shall contain the date of adoption of this Ordinance and a description of the boundaries of L.I.D. No. 3. The Assessment Roll and the assessments made by this Ordinance shall be a lien upon the property assessed from and after the date of recording of such notice. The City Treasurer shall also, immediately upon passage of this Ordinance, mail a notice to the owner of each lot, tract, parcel, or other property assessed at his Page 2 post office address, if known, or, if unknown, to the post office at McCall, Idaho, stating the total amount of his assessment plus the substance of the terms of payment of the same as set forth in this Ordinance. An affidavit of mailing the foregoing notice shall be filed in the office of the City Treasurer. Section 5: DUE DATE OF ASSESSMENTS; PAYMENT IN INSTALLMENTS Said assessments shall become due and payable to the City Treasurer within thirty (30) days from the date of adoption of this Ordinance. Any property owner who has not paid his or her assessment in full within said thirty (30) day period, and any property owner who shall file a written waiver of the thirty -day prepayment period with the City, shall be conclusively presumed to have chosen to pay the same in twenty (20) annual installments, the first of which shall become due and payable one (1) year from the date of adoption of this Ordinance, with a like payment due on the same day of each year thereafter until the full amount of the assessment, with interest due thereon, shall be paid in full. Assessments paid in installments shall bear interest on the whole unpaid sum from the date of adoption of this Ordinance. The rate of interest such installments shall bear is hereby fixed as the rate of interest on the L.I.D. No. 3 Bonds, plus two percent (2.0%) of the principal and interest installment due. If any installment is not paid within twenty (20) days from its due date, the same shall become delinquent, and the City Treasurer shall add a penalty of two percent (2%) thereon. Installments may be prepaid in the manner provided by Section 50-1715, Idaho Code. For the purpose of securing the payment of and interest on local improvement bonds issued for L.I.D. No. 3, it is the intent of the Council to create a reserve fund in an amount equalling not more than ten percent (10%) of the principal amount of the bonds to be issued to fund that portion of the assessments not paid within the thirty -day prepayment period, in accordance with Section 50-1771, Idaho Code. The proportionate cost of the reserve fund shall be included in the assessment upon each property in L.I.D. No. 3; however, such cost shall be deducted from the assessment of any property whose owner has paid his or her assessment in full within thirty (30) days from the date of adoption of this Ordinance. If a lesser reserve fund is required because of assessments paid within the thirty -day prepayment period, the City may proportionately reduce the assessments paid in installments. Section 6: INSTALLMENT DOCKET The City Treasurer shall, upon passage of this Ordinance, establish a Local Improvement Installment Docket for L.I.D. No. 3 as provided in Section 50-1717, Idaho Code. Page 3 Section 7: APPEAL PROCEDURE The confirmation of the Assessment Roll for L.I.D. No. 3 herein made is a final determination of the regularity, validity, and correctness of said Assessment Roll, of each assessment contained therein, and of the amount levied on each lot or parcel of land or other property within L.I.D. No. 3, subject to the right of appeal as set forth in Idaho Code Section 50-1718. Appeal may be made by filing within thirty (30) days from the date of publication of this Ordinance written notice of appeal with the City Clerk and with the Clerk of the District Court of Valley County in the manner provided by Section 50-1718, Idaho Code. Any property owner may waive the right to appeal within the 30-day appeal period by filing a written waiver with the City. After said thirty (30) day appeal period has run, no one shall have any cause or right of action to contest the legality, formality, or regularity of any assessment. Section 8: ACQUISITION FUND There is hereby created a special fund or account, separate from any other funds of the City, to be known as the "City of McCall Local Improvement District No. 3 Project Acquisition Fund" or other appropriate designation (the "Acquisition Fund") which shall be maintained by the City Treasurer and into which shall be deposited all assessments paid within the thirty (30) day period referred to in Section 5 of this Ordinance, together with the proceeds of any bonds or warrants thereafter issued by the City representing the unpaid assessments within L.I.D. No. 3. The Acquisition Fund shall be used for no purpose other than the acquisition of completed public improvements within L.I.D. No. 3 as set forth in Ordinance No. 630, adopted on May 13, 1993, and in the Acquisition Agreement approved by the Council by adoption of Resolution No. 11-93 on May 13, 1993. Monies in the Acquisition Fund may be invested in lawful investments until needed for the acquisition of improvements. Investment earnings shall be credited to the Acquisition Fund. Any monies remaining in the Acquisition Fund after completion of the acquisition project for which L.I.D. No. 3 was created shall be transferred to the bond fund hereafter created for L.I.D. No. 3, and the Acquisition Fund shall be closed. Section 9: DETERMINATION OF VALUE OF PROPERTY SUBJECT TO ASSESSMENT The provisions of Section 1 of Ordinance No. 630, adopted on May 13, 1993, notwithstanding, the method of determining the actual value of the real property subject to assessments within L.I.D. No. 3, including improvements thereon, shall be by appraisal report to be submitted jointly by Brad Janoush, M.A.I., of Boise, Idaho, and Economic Research Associates, of San Francisco, California, or by such other qualified appraiser as shall be approved by the Council. Unless such appraisal report establishes to the satisfaction of the Council that the actual value of the real Page 4 property subject to assessment within L.I.D. No. 3 exceeds the cost of the improvements within L.I.D. No. 3 as provided by Section 50-1711, Idaho Code, payment for acquisition of the improvements within L.I.D. No. 3 shall not be ordered. Section 10: RATIFICATION OF PROCEEDINGS A11 proceedings heretofore had in connection with the creation of L.I.D. No. 3, the preparation and adoption of said Assessment Roll, the hearing thereon, and the giving of notice of said hearing on said Assessment Roll, are hereby in all respects ratified, approved, and confirmed. Section 11: SEVERABILITY 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 each section, paragraph, clause, or provision shall in no manner affect any remaining provision of this Ordinance. Section 12: PUBLICATION AND EFFECTIVE DATE This Ordinance, or a summary thereof in conformance with Section 50-901A, Idaho Code, shall be published in one (1) issue of the official newspaper of the City, and shall take effect immediately upon its passage, approval, and publication. DATED this 8th day of July, 1993. CITY OF MCCALL Valley County, Idaho By ATTEST: ( S E A L ) Page 5 EXHIBIT "A" ASSESSMENT ROLL official seal of the Cit (Seal of the City) STATE OF IDAHO ) COUNTY OF VALLEY) CERTIFICATE OF RECORDING OFFICER ss I, the undersigned, the duly appointed, qualified, City Clerk of McCall City, Idaho, do hereby certify the following: 1. That pursuant to the provisions of Section 50-207, Idaho Code, I keep a correct journal of the proceedings of the Council of McCall City, Idaho, and that I am the statutory custodian of all laws, ordinances and resolutions of said City. 2. That the attached Ordinance No. ; 3Co is a true and correct copy of an ordinance passed at a regular meeting of the Council of McCall City held on 2 , 19 and duly recorded in my office; and (f �- 3. That said regular meeting was duly convened and held in all respects in accordance with law and to the extent required by law, due and proper notice of such meeting having been given; that a legal quorum was present throughout the meeting and that a legally sufficient number of members of the Council of McCall City voted in the proper manner and for the passage of said ordinance; and that all other requirements and proceedings incident to the proper adoption and passage of said ordinance have been duly fulfilled, carried out and observed; and that I am authorized to execute this certificate. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the of McCall, Idaho, this day of Arthur J chmidt, City Clerk