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HomeMy Public PortalAboutOrd. 651 - LID #2 Creation of Riverside SUBr-. ORDINANCE NO. 651 AN ORDINANCE OF THE CITY OF MCCALL, IDAHO, CREATING LOCAL IMPROVEMENT DISTRICT NO. 2; DESCRIBING AND SETTING FORTH THE BOUNDARIES OF SAID LOCAL IMPROVEMENT DISTRICT; PROVIDING FOR THE IMPROVEMENTS TO BE MADE THEREIN; APPOINTING AN ENGINEER TO PREPARE THE NECESSARY PLANS AND SPECIFICATIONS FOR THE WORK; AUTHORIZING THE ADVERTISING FOR BIDS FOR SAID WORK AS AUTHORIZED BY LAW; PROVIDING FOR THE PAYMENT OF COSTS AND EXPENSES OF SAID IMPROVEMENTS TO BE ASSESSED AGAINST THE PROPERTY WITHIN THE DISTRICT BENEFITED THEREBY AND THE METHOD OF ASSESSMENTS; PROVIDING FOR THE ISSUANCE OF LOCAL IMPROVEMENT DISTRICT BONDS AND WARRANTS; AND PROVIDING FOR OTHER MATTERS RELATED THERETO WHEREAS, the City of McCall, Valley County, Idaho (the "City"), is a municipal corporation organized and operating under the laws of the State of Idaho and is authorized by Idaho Code Title 50, Chapter 17, to create local improvement districts for public improvements, and to finance said improvements by the issuance and sale of local improvement district bonds or warrants, which bonds or warrants are payable solely from assessments upon the property benefited by said improvements; and WHEREAS, the City Council (the "Council") of the City has determined that it is in the best interests of the City and its residents, and of the property and residents within the proposed local improvement district, to create a local improvement district for the construction of certain sewer, water, and street improvements, and other related expenses; and WHEREAS, after proper publication and mailing of notice to the owners of property within the proposed improvement district of intention to create the proposed local improvement district, a public hearing was held by the Council on September 9, 1993, and continued to October 14, 1993, at which hearing the residents and owners of property within said proposed local improvement district had the opportunity to protest the formation of the local improvement district. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF MCCALL, IDAHO, as follows: Section 1: The Council hereby finds and declares: (a) That Local Improvement District No. 2 will be in the best interests of the property affected and of the City; Page 1 " (b) That there is a reasonable probability that the obligations of Local Improvement District No. 2 will be paid; (c) That the value of the property subject to assessment within Local Improvement District No. 2 (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 Valley County, Idaho) exceeds the sum of the estimated costs to be assessed against the property included in Local Improvement District No. 2; and (d) That the Council has heard, considered, and passed upon any protests which were filed in writing in advance of the hearing held and conducted on September 9, 1993, and continued to October 14, 1993, as more fully set forth in the proceedings of said hearing, and all of such protests are hereby overruled, except to the extent reflected in the description of the boundaries of L.I.D. No. 2 set forth in Exhibit "A" which is annexed hereto and by reference made a part hereof. Section 2: There is hereby established and created a local improvement district within the City, to be known and designated as "Local Improvement District No. 2" ("L.I.D. No. 2"), the boundaries of which local improvement district, all situate in Valley County, Idaho, are particularly described in Exhibit "A" which is annexed hereto and by reference made a part of this Ordinance. Section 3: A description of the improvements to be constructed (the "Improvements") is as follows: replat of subdivision in order to provide adequate right of way for water and sewer improvements; sewer improvements, consisting of installation of an 8-inch sewer collection line; water system improvements, consisting of a looped water system connecting to existing water lines and installation of water hydrants, together with street surface repair as needed; and construction of a bicycle path; together with related improvements and costs of engineering, legal services, publication, interest on borrowed funds during construction, bond issuance costs and reserves, and other related expenses. Section 4: The costs and expenses of the Improvements shall be assessed against the abutting, adjoining, and adjacent lots and lands and other properties benefited by the Improvements according to the benefits derived method of assessment, as provided by Section 50-1707, Idaho Code. Approximately one-half of the total cost will be assessed in approximately equal shares to each benefited lot or parcel. Approximately one-half of each assessment will be based on the services to be provided to the assessed lot or parcel. Page 2 Section 5: Said Improvements are additional improvements. Section 6: The estimated total cost of the Improvements is $155,000, approximately $145,000 of the cost of which will be paid by a levy of assessments on the property benefited on the basis set forth in Section 4 of this Ordinance, and the remainder of which, representing a general benefit to the City, will be paid from City funds. Said assessments may be paid in annual installments of principal and interest, over a period which may be less than but which shall not exceed fifteen (15) years, as shall be determined by the Council, 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, costs of inspection, costs of collecting assessments, interest on any warrants issued, legal services for preparing the proceedings and in advising with regard thereto, services of financial advisors, necessary reserves, and costs of issuance of any bonds or warrants. Section 8: Toothman-Orton Engineering Co., of Boise, Idaho, is hereby appointed as engineer for L.I.D. No. 2 and shall prepare the necessary plans, specifications, and advertisement for bids for the construction thereof. Advertisement for bids for such work shall be published and contracts awarded in accordance with Section 50-1710, Idaho Code. Section 9: For the purpose of paying any contractor for the cost of the Improvements for L.I.D. No. 2, or otherwise defraying any of the costs of the Improvements as they become due, the Mayor, the City Treasurer, and the City Clerk are hereby authorized and directed to cause to be issued, sold, and delivered, on behalf of the City, interim warrants of L.I.D. No. 2, which warrants shall be in such form and amounts (not exceeding, in the aggregate, $145,000) as the Council may hereafter provide by resolution, which warrants shall be redeemed and paid in full, together with any accrued and unpaid interest thereon, from the proceeds of the sale of the bonds or the prepayment of assessments of L.I.D. No. 2. The first proceeds of the prepayment of assessments and the sale of Local Improvement District No. 2 bonds are hereby pledged for the payment and redemption of the principal and interest on each interim warrant issued pursuant hereto. Page 3 Section 10: This Ordinance shall be published once in the official newspaper of the City and shall take effect and be in full force immediately upon its passage, approval, and publication. DATED this loth day of February, 1994. CITY OF MCCALL Valley County, Idaho Page 4 EXHIBIT "A" The boundaries of the local improvement district encompass the following -described real property, all situate in the City of McCall, Valley County, Idaho: All of Blocks 1, 3 and 4 and Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 30, 31, 32, 33, 34, 35, 36, 37 and 38 of Block 2 of the Riverside Subdivision in the City of McCall, Helmich Street, Jacobs Street, Rice Street, and portions of Scott Street, Mission Street and Simmons Street, together with a strip of land 55.00 feet wide along the easterly side of said Riverside Subdivision. 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. Z ,5-% is a true and correct copy of an ordinance passed at a regular meeting of the Council of McCall City held on j i c , 19 %/, and duly recorded in my office; and 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 official seal of the City of McCall, Idaho, this / Ste` day of r' , 19% . Arthur J. midt, City Clerk (Seal of the City) Publisher's Affidavit of Publication STATE OF IDAHO .SS County of Valley I, Ramona A. George, being duly sworn and say, I am the receptionist of The Central Idaho Star -News, a weekly newspaper published at McCall, in the County of Valley, State of Idaho; that said newspaper Is in general circulation in the county of aforesaid and Is a legal newspaper; that the NOTICE OF ORDINANCE 651, a copy of which Is enclosed hereto and is a part hereof, was published in said newspaper once a week for one consecutive week in the regular and entire issue of every number there of during the period of time of publication, and was published in the newspaper proper and not in a supplement; and that publication of such notice began February 24, 1994 and ed February 24, 1994. Subs • I•ed and sworn before m=Qj•s T;Z4th day of February, 1994. STATE OF IDAHO COUNTY OF VALLEY • On this 24th day of February, In the year of 1994, before me, a Notary Public, personally appeared Ramona A. George, known or identified to me to be the person whose name subscribed to the within instrument, and being by me first duly sworn, declared that the statements therein are true, and acknowledged to me that she executed the same. �. Tom Grote Notary Public for Idaho Residing at McCall, Idaho Commission Expires: 1999 i, iTHEREIN; ;140 PREP. AND SPE NG:.4,W c set, AN ORDI ANCB:AOF' THE:... �CCAIX IDAHO, .CREATRA% ;C PROS DISTRI, NO,� _;, SCRIBI;NNGM SETTIN FORT .,., 7e13011NDAR "OEt SAID,F LOCAL IMF �PROVEME DISTRICT;';;PROVIDING 'F_ ORTHEI OVEMENTS/TOBEMADE 1NTING Ab ENGINREIU THE NECESSARY PLANS TIONS FOICTHE WORK; AUTHORIZII THEADVERTISING FOR $IDS FOR SAI WORK AS AUTHORIZED $Y LAW; PROVIDING FOR,TTHE Pi2Y- •MENT OF COSTS AND EXPENSES; OF •.,SAIDIMPROVEM. EMS TO BEASSESSE D FL' AGAINST THE PROPERTY MITfIIN TIi$`• , DISTRICT BENEFITED THE METHOD OF ASSESS Y PROD VIDING FOR IMPROVEMENT WARRANTS, OTHER Mk WHERT3A§,' ' OitY agtiFC.01061lleY,j County. Idalro thtl' "City'�,j corporation'organined and ope g under he haws of'the State of Idaho andiCiathotized by:' Itlabb Codentle 4ff,Vhapter 17;16 crest local improvement, diettielts for public u prove- , raents,. and to finance said impproveinsnts by the issuance and sale of local imptoytment diibiet bonds or warrants, which or entrants are payable solely from ents upon the property benefited by said improve- ments; and 2r WHEREAS the tty Council (the 4Coun- eih of the City:* determined that it is in the best interests of fltitGitrand iteresidenta, and of. the ro P partyl Itttd.rttsidents within 'thee pro- posed local Improveineet district, to create a •w: r., , ANCE OF LOCAL ISTRIGTa:BONDS •AND PROV,IDINkFOR LATED THBgETo ' local improvement district for the ew _' ' !i..?tion of certain sewer, water, and', • Improvements, and other related expensa akd .y WHEREAS, after propeklublication .' Ala* iling of notice to the_owrtega of grithin the propose& improvetriient dram9 Intention tocreate theproposedIpCalini " resent district, a public hearin$g wee held y game it on September 9,1993, snd coati . to'Octgber 14, 1993, at wiiich. bearing ; renideata and owners of property itithirr sal Proposed local improvement disttiOrid'` opportunity to protest thnlerriniffen I of'. local improvement district r • s, NOW, THEREFORE;BEITORDAI >i BY THE MAYQR�AND f70UNCIL' OF TiiB C1TY 4Coui�ceZ hete¢y Snds end declares' ir,, . r3 (a).•(l'hat Loci) Improvement District Nbt will be fin the best interests ofithte property affected and of the City, F' v• . r (byThat there is a reasonable probabili that the obligations of LObid Improvern District No. 2 wRibe paid. t •<a .. , (C) That the vibe of the property subject meet withitr"_:Local Improvement D1r~+ ct Nol. (such value beindi dote inninedlry curie* assessed valuahoA ttf such property for• ad telorem tax purposes:0J shown by the' ,tio" ordstiftheAssessorofValley County;ld W) 1trceeds'the sum of the estinfated costa *bef;, assessed against the pro includedA i cal improvement Distnd , 72; and ? j� (d) That the Council has helid, consider*` ,�yttpd passed upon any protests which were €ileeisifk writing in advance of the h ' g held nrid vs, nducted on September 9eln , tined to October 14, 199,, as more? astforth in the proceedinggss of 414hearin& all of such protests are he everruled,` eifid to the extentieflected in as* Escrippic tp,Egbbirii±dariWOf L.I.D No 24ct fo. 1 ibit•"A" which is annexed' eto as tefyieacemadiihiart hereof. "!"; • ; ';Section2: There is hereby eediblished. zcreated a local improvement distrietwithir ;City, to be known and designatttltas " sltpprovement District No. 2" ("LIP: No:" ,A boundaries orwhich local improve : district,all situateip,Valieyy,Countdy,�ttlahl ��ypltrtiwlarly desexltied in Eithibit �C'whicl„ tinnexed hereto and by reference made a part .. :tliis Ordinance. Section '3: A description of the improve- ments to beconstructed (the "Improvements') is as follows: replat of subdivision in order to provide adequate right of way for water and sewer improvements; sewer improvements, consisting of installation of an 8-inch sewer collection line; water system improvements, consisting of looped water system connecting to existing water Imes and installation of water hydrants, together with street surface repair as needed; and construction of a bicycle path; together with related improvements and costs of engineering, legal services, publication, interest on borrowed funds, during construct Lion, bond issuance costs';and reserves;;,and, , other related expenses.. :'i. Section 4, The costs and nses of the Improvement+sht7l-;tie'assagainst the abutting, adjohd g, and acentlots and and tither p flat' ntellta e^ idethod of assessmeat, as<.ptovided'by Saxian;50- -,' 1707, Idaho Code f ''1 the .total cast will ba: � a pot mately, etpiil shores to each benefitedlot or en parcel. 'Appsoxtmtafely�ono-balf of eaCii sessmt w,d1,1 e'$a$eil oe tlte=setvicea fa' �bt'� €..� ieettdnte Said improvem nts are addi- tional improvettieats-I Section bis-Tlie estitnatedtotk cost of'the Improvements is:5155;000,-,approximately $145,000 of the cost:of which will be paid by a levy of assessments on the property benefited on the basis set forth' in Section 4`df this Ordinance, and the remainder of which, repre- senting a general benefit to the City, will be paid from City funds. Said assessmeats,may be paid in annual installments of prineipidand interest, over a period which tray be less than but which shall not exceed frfteep'(15) yOrs, as shall be determined..by the itot otherwise paid as pioiiided Section 7: Costs and expenses agsessed as herein Provided shall include the contract price of the JmProvetnema; anginatinE'ind *Oat services, advertising, costa of inspection; -costs of collecting assessments, interest on any war- rants issued, legal services for preparing the proceedingsandmadvising withregardthet+to, •. setvioes=:of financial advridra neoessdty tt� r _aetves;' said costs of issuance of any bonds or ; warrants. •, i, Y: on 8: Tootk-Ortbn'Fatgtneeri —Co., of Boise, Idabel iiliereby appointed as engineer for L.I.D. No. 2 and shall Prepare the necessary plans, specifications, add advertise- ment for bids:•for the,•c Abetiq -, Advertisement-'forbidifor;sudt*Orltilinlibe '' published and contracts awarded in a000tdance -with Section 504110,'id l o'Code. Section 9 'For the purpose of paying: any contractor for the cost of the Improvementafor . LLD. No. 2, or otherwise defraying any of the costs of the Improvements as they become due, the Mayor, the City_ Treasurer, and the City perk are hereby authorized:and directed to ca+ iDtbepitieds=sold; and delivered, on 'behalf of the'City, interim wanants:of,LLD. • No. 2, which.warLanta ilial be*Ittdkiform and amounts (ndt,exdeeding,'in"'the aggre gate, $145,000) as the Council may hereafter provide by resolution, which warrants shall be redeemed and paid in full,_together with any accrued and: unpaid interest thereop,;frOin th6 proceeds of the sale df the bon& Ott iep' r'epty=- . meat of misesaments of LLD: No.-.2.:-?The first proceeds of the prepayment of assettnents and the sale of Loeallmprovettient,District Nd: 2 bonds are hereby pledged for the payment and redemption of the principal, and interest on each interim warrant issued pursuant hereto. Section 10: This Ordinance shall be pub- lished once in the official newspaperOftheCity and shall take effect and be in:full &tee imme- `:.diately_.upon its passage,...approval, and ablication - - DATED riaa W.4.ay of February.1994 • i3 7 OF MC GALL . , ; eyy'l :VVrTliaea� rien,. flt-WA thurJ.'Schmi _ a,• t7frthCrll7Cal llnp[O.V�At:. � xencmssthefollowing-descrfbedteal , all situate inthe City of McCall, of Blocks 1, 3 and 4 and Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 30, 31, 34, 33, 34.35, 36,37 and38 • of Block 2 of in the City of McCall;Hehnich Street, Jaabb's Street, Rice Street, and portions of Scott Stfeet;' Mis- sion Street and Simmons Street; together with a strip of land 5500 feet wide along the easterly side of said Riverside Subdivision. 1t2/24