HomeMy Public PortalAboutOrd. 667 - Creating LID #5"
O R D I N A N C E N O . 6 6 7
A N O R D I N A N C E O F T H E C I T Y O F M C C A L L , I D A H O , C R E A T I N G L O C A L
I M P R O V E M E N T D I S T R I C T N O . 5 ; D E S C R I B I N G A N D S E T T I N G F O R T H T H E
B O U N D A R I E S O F S A I D L O C A L I M P R O V E M E N T D I S T R I C T ; P R O V I D I N G F O R T H E
I M P R O V E M E N T S T O B E M A D E T H E R E I N ; A P P O I N T I N G A N E N G I N E E R T O P R E P A R E
T H E N E C E S S A R Y P L A N S A N D S P E C I F I C A T I O N S F O R T H E W O R K ; A U T H O R I Z I N G
T H E A D V E R T I S I N G F O R B I D S F O R S A I D W O R K A S A U T H O R I Z E D B Y L A W ;
P R O V I D I N G F O R T H E P A Y M E N T O F C O S T S A N D E X P E N S E S O F S A I D
I M P R O V E M E N T S T O B E A S S E S S E D A G A I N S T T H E P R O P E R T Y W I T H I N T H E
D I S T R I C T B E N E F I T E D T H E R E B Y A N D T H E M E T H O D O F A S S E S S M E N T S ; P R O V I D I N G
F O R T H E I S S U A N C E O F L O C A L I M P R O V E M E N T D I S T R I C T B O N D S A N D W A R R A N T S ;
A N D P R O V I D I N G F O R O T H E R M A T T E R S R E L A T E D T H E R E T O
W H E R E A S , t h e C i t y o f M c C a l l , V a l l e y C o u n t y , I d a h o ( t h e
" C i t y " ) , i s a m u n i c i p a l c o r p o r a t i o n o r g a n i z e d a n d o p e r a t i n g u n d e r
t h e l a w s o f t h e S t a t e o f I d a h o a n d i s a u t h o r i z e d b y I d a h o C o d e
T i t l e 5 0 , C h a p t e r 1 7 , t o c r e a t e l o c a l i m p r o v e m e n t d i s t r i c t s f o r
p u b l i c i m p r o v e m e n t s , a n d t o f i n a n c e s a i d i m p r o v e m e n t s b y t h e
i s s u a n c e a n d s a l e o f l o c a l i m p r o v e m e n t d i s t r i c t b o n d s o r w a r r a n t s ,
w h i c h b o n d s o r w a r r a n t s a r e p a y a b l e s o l e l y f r o m a s s e s s m e n t s u p o n
t h e p r o p e r t y b e n e f i t e d b y s a i d i m p r o v e m e n t s ; a n d
W H E R E A S , t h e C i t y C o u n c i l ( t h e " C o u n c i l " ) o f t h e C i t y h a s
d e t e r m i n e d t h a t i t i s i n t h e b e s t i n t e r e s t s o f t h e C i t y a n d i t s
r e s i d e n t s , a n d o f t h e p r o p e r t y a n d r e s i d e n t s w i t h i n t h e p r o p o s e d
l o c a l i m p r o v e m e n t d i s t r i c t , t o c r e a t e a l o c a l i m p r o v e m e n t d i s t r i c t
f o r t h e c o n s t r u c t i o n o f c e r t a i n w a t e r a n d s e w e r i m p r o v e m e n t s , a n d
o t h e r r e l a t e d e x p e n s e s ; a n d
W H E R E A S , b y a d o p t i o n o f R e s o l u t i o n N o . 1 4 - 9 4 o n J u n e 2 , 1 9 9 4 ,
t h e C o u n c i l e x p r e s s e d i t s i n t e n t i o n t o c r e a t e a l o c a l i m p r o v e m e n t
d i s t r i c t f o r t h e p u r p o s e o f f i n a n c i n g t h e c o s t s o f s u c h
i m p r o v e m e n t s ; a n d
W H E R E A S , a f t e r p r o p e r p u b l i c a t i o n a n d m a i l i n g o f n o t i c e t o t h e
o w n e r s o f p r o p e r t y w i t h i n t h e p r o p o s e d i m p r o v e m e n t d i s t r i c t o f
i n t e n t i o n t o c r e a t e t h e p r o p o s e d l o c a l i m p r o v e m e n t d i s t r i c t , a
p u b l i c h e a r i n g w a s h e l d b y t h e C o u n c i l o n J u n e 3 0 , 1 9 9 4 , a t w h i c h
h e a r i n g t h e r e s i d e n t s a n d o w n e r s o f p r o p e r t y w i t h i n s a i d p r o p o s e d
l o c a l i m p r o v e m e n t d i s t r i c t h a d t h e o p p o r t u n i t y t o p r o t e s t t h e
f o r m a t i o n o f t h e l o c a l i m p r o v e m e n t d i s t r i c t .
N O W , T H E R E F O R E , B E I T O R D A I N E D B Y T H E M A Y O R A N D C O U N C I L O F T H E
C I T Y O F M C C A L L , I D A H O , a s f o l l o w s :
S e c t i o n 1 : T h e C o u n c i l h e r e b y f i n d s a n d d e c l a r e s :
( a ) T h a t L o c a l I m p r o v e m e n t D i s t r i c t N o . 5 w i l l b e i n t h e b e s t
i n t e r e s t s o f t h e p r o p e r t y a f f e c t e d a n d o f t h e C i t y ;
P a g e 1
"
( b ) T h a t t h e r e i s a r e a s o n a b l e p r o b a b i l i t y t h a t t h e
o b l i g a t i o n s o f L o c a l I m p r o v e m e n t D i s t r i c t N o . 5 w i l l b e p a i d ;
( c ) T h a t t h e v a l u e o f t h e p r o p e r t y s u b j e c t t o a s s e s s m e n t
w i t h i n L o c a l I m p r o v e m e n t D i s t r i c t N o . 5 ( s u c h v a l u e b e i n g
d e t e r m i n e d b y t h e c u r r e n t a s s e s s e d v a l u a t i o n o f s u c h p r o p e r t y f o r
a d v a l o r e m t a x p u r p o s e s a s s h o w n b y t h e r e c o r d s o f t h e A s s e s s o r o f
V a l l e y C o u n t y , I d a h o ) e x c e e d s t h e s u m o f t h e e s t i m a t e d c o s t s t o b e
a s s e s s e d a g a i n s t t h e p r o p e r t y i n c l u d e d i n L o c a l I m p r o v e m e n t
D i s t r i c t N o . 5 ; a n d
( d ) N o p r o t e s t s w e r e f i l e d i n w r i t i n g i n a d v a n c e o f t h e
h e a r i n g h e l d a n d c o n d u c t e d o n J u n e 3 0 , 1 9 9 4 .
S e c t i o n 2 : T h e r e i s h e r e b y e s t a b l i s h e d a n d c r e a t e d a l o c a l
i m p r o v e m e n t d i s t r i c t w i t h i n t h e C i t y , t o b e k n o w n a n d d e s i g n a t e d a s
" L o c a l I m p r o v e m e n t D i s t r i c t N o . 5 " ( " L . I . D . N o . 5 " ) , t h e b o u n d a r i e s
o f w h i c h l o c a l i m p r o v e m e n t d i s t r i c t , a l l s i t u a t e i n V a l l e y C o u n t y ,
I d a h o , a r e p a r t i c u l a r l y d e s c r i b e d i n E x h i b i t " A " w h i c h i s a n n e x e d
h e r e t o a n d b y r e f e r e n c e m a d e a p a r t o f t h i s O r d i n a n c e .
S e c t i o n 3 : A d e s c r i p t i o n o f t h e i m p r o v e m e n t s t o b e
c o n s t r u c t e d ( t h e " I m p r o v e m e n t s " ) i s a s f o l l o w s : i n s t a l l a t i o n o f
d o m e s t i c w a t e r s e r v i c e i m p r o v e m e n t s , i n c l u d i n g w a t e r m a i n s , v a l v e s ,
h y d r a n t s , a n d c o n n e c t i o n s ; i n s t a l l a t i o n o f s a n i t a r y s e w e r s e r v i c e
i m p r o v e m e n t s , i n c l u d i n g s e w e r m a i n s , p r e s s u r e l i n e s , c o n n e c t i o n s ,
a n d l i f t s t a t i o n ; t o g e t h e r w i t h r e l a t e d i m p r o v e m e n t s a n d c o s t s o f
e n g i n e e r i n g , l e g a l s e r v i c e s , p u b l i c a t i o n , i n t e r e s t o n b o r r o w e d
f u n d s d u r i n g c o n s t r u c t i o n , b o n d i s s u a n c e c o s t s a n d r e s e r v e s , a n d
o t h e r r e l a t e d e x p e n s e s .
S e c t i o n 4 : T h e c o s t s a n d e x p e n s e s o f t h e I m p r o v e m e n t s s h a l l
b e a s s e s s e d a g a i n s t t h e a b u t t i n g , a d j o i n i n g , a n d a d j a c e n t l o t s a n d
l a n d s a n d o t h e r p r o p e r t i e s b e n e f i t e d b y t h e I m p r o v e m e n t s a c c o r d i n g
t o a c o m b i n a t i o n o f t h e f r o n t - f o o t a n d s q u a r e - f o o t m e t h o d s o f
a s s e s s m e n t , f i f t y p e r c e n t ( 5 0 % ) o n t h e b a s i s o f t h e f r o n t a g e o f
e a c h b e n e f i t e d p a r c e l , a n d f i f t y p e r c e n t ( 5 0 0 ) o n t h e b a s i s o f t h e
a r e a o f t h e b e n e f i t e d p a r c e l , f r o n t a g e s o f c o r n e r l o t s t o b e
d e t e r m i n e d b y u s i n g a s i n g l e f r o n t a g e o f t h e l a r g e r d i m e n s i o n , a s
p r o v i d e d b y S e c t i o n 5 0 - 1 7 0 7 , I d a h o C o d e .
S e c t i o n 5 : S a i d I m p r o v e m e n t s a r e a d d i t i o n a l i m p r o v e m e n t s .
S e c t i o n 6 : T h e e s t i m a t e d c o s t o f t h e I m p r o v e m e n t s i s
$ 2 2 5 , 5 0 0 , a l l o f w h i c h w i l l b e p a i d b y a l e v y o f a s s e s s m e n t s o n t h e
p r o p e r t y b e n e f i t e d o n t h e b a s i s s e t f o r t h i n S e c t i o n 4 o f t h i s
O r d i n a n c e . S a i d a s s e s s m e n t s m a y b e p a i d i n a n n u a l i n s t a l l m e n t s o f
p r i n c i p a l a n d i n t e r e s t , o v e r a p e r i o d w h i c h m a y b e l e s s t h a n b u t
w h i c h s h a l l n o t e x c e e d t e n ( 1 0 ) y e a r s , a s s h a l l b e d e t e r m i n e d b y
t h e C o u n c i l , i f n o t o t h e r w i s e p a i d a s p r o v i d e d b y l a w .
P a g e 2
"
S e c t i o n 7 : C o s t s a n d e x p e n s e s a s s e s s e d a s h e r e i n p r o v i d e d
s h a l l i n c l u d e t h e c o n t r a c t p r i c e o f t h e I m p r o v e m e n t s , e n g i n e e r i n g
a n d c l e r i c a l s e r v i c e s , a d v e r t i s i n g , c o s t s o f i n s p e c t i o n , c o s t s o f
c o l l e c t i n g a s s e s s m e n t s , i n t e r e s t o n a n y w a r r a n t s i s s u e d , l e g a l
s e r v i c e s f o r p r e p a r i n g t h e p r o c e e d i n g s a n d i n a d v i s i n g w i t h r e g a r d
t h e r e t o , s e r v i c e s o f f i n a n c i a l a d v i s o r s , n e c e s s a r y r e s e r v e s , a n d
c o s t s o f i s s u a n c e o f a n y b o n d s o r w a r r a n t s .
S e c t i o n 8 : T o o t h m a n - O r t o n E n g i n e e r i n g C o . , o f B o i s e , I d a h o ,
i s h e r e b y a p p o i n t e d a s e n g i n e e r f o r L . I . D . N o . 5 a n d s h a l l p r e p a r e
t h e n e c e s s a r y p l a n s , s p e c i f i c a t i o n s , a n d a d v e r t i s e m e n t f o r b i d s f o r
t h e c o n s t r u c t i o n t h e r e o f . A d v e r t i s e m e n t f o r b i d s f o r s u c h w o r k
s h a l l b e p u b l i s h e d a n d c o n t r a c t s a w a r d e d i n a c c o r d a n c e w i t h S e c t i o n
5 0 - 1 7 1 0 , I d a h o C o d e .
S e c t i o n 9 : F o r t h e p u r p o s e o f p a y i n g a n y c o n t r a c t o r f o r t h e
c o s t o f . t h e I m p r o v e m e n t s f o r L . I . D . N o . 5 , o r o t h e r w i s e d e f r a y i n g
a n y o f t h e c o s t s o f t h e I m p r o v e m e n t s a s t h e y b e c o m e d u e , t h e M a y o r ,
t h e C i t y T r e a s u r e r , a n d t h e C i t y C l e r k a r e h e r e b y a u t h o r i z e d a n d
d i r e c t e d t o c a u s e t o b e i s s u e d , s o l d , a n d d e l i v e r e d , o n b e h a l f o f
t h e C i t y , i n t e r i m w a r r a n t s o f L . I . D . N o . 5 , w h i c h w a r r a n t s s h a l l b e
i n s u c h f o r m a n d a m o u n t s ( n o t e x c e e d i n g , i n t h e a g g r e g a t e ,
$ 2 2 5 , 0 0 0 ) a s - t h e C o u n c i l m a y h e r e a f t e r p r o v i d e b y r e s o l u t i o n , w h i c h
w a r r a n t s s h a l l b e r e d e e m e d a n d p a i d i n f u l l , t o g e t h e r w i t h a n y
a c c r u e d a n d u n p a i d i n t e r e s t t h e r e o n , f r o m t h e p r o c e e d s o f t h e s a l e
o f t h e b o n d s o r t h e p r e p a y m e n t o f a s s e s s m e n t s o f L . I . D . N o . 5 . T h e
f i r s t p r o c e e d s o f t h e p r e p a y m e n t o f a s s e s s m e n t s a n d t h e s a l e o f
L o c a l I m p r o v e m e n t D i s t r i c t N o . 5 b o n d s a r e h e r e b y p l e d g e d f o r t h e
p a y m e n t a n d r e d e m p t i o n o f t h e p r i n c i p a l a n d i n t e r e s t o n e a c h
i n t e r i m w a r r a n t i s s u e d p u r s u a n t h e r e t o .
S e c t i o n 1 0 : T h i s O r d i n a n c e s h a l l b e p u b l i s h e d o n c e i n t h e
o f f i c i a l n e w s p a p e r o f t h e C i t y a n d s h a l l t a k e e f f e c t a n d b e i n f u l l
f o r c e i m m e d i a t e l y u p o n i t s p a s s a g e , a p p r o v a l , a n d p u b l i c a t i o n .
D A T E D t h i s 1 4 t h d a y o f J u l y , 1 9 9 4 .
C I T Y O F M C C A L L
V a l l e y C o u n t y , I d a h o
B y
. t a . , A . 1 A 4 t . c L A
M a y o r
P a g e 3
DESCRIPTION OF LOCAL IMPROVEMENT DISTRICT #5 BOUNDARIES
EAST HIGHWAY 55 LID
Two noncontiguous parcels of land in the SW 1/4 SE 1/4 of Section 16. Township 18 North Range 3 East, Boise
Meridian. City of McCall, being described as follows:
THE FIRST:
BEGINNING at the point of intersection of the easterly right -of -wad- line of State Highway No. 55 with the
southern sideline of Jacobs Street; thence,
1) S.89°37'41"E., 342.80 feet along the southerly sideline of Jacobs Street, being along the northerly lines of
the Gabel and Payette Lakes Water and Sewer District properties to the Northwesterly corner of said
Payette Lacks Water and Sewer; thence
2) S.17°50'30"E., 342.80 fed along the easterly line of the lands of Payette Lakes Water and Sewer District,
Acheson. Swain and Jones: thence,
3) S.15°27'56"E., 594.91 fed along the eastern line of the Spradling property and the easterly line of the
Spradling and Johnson property to a point on the northerly sideline of Krahn Lane; thence,
4) S.89°23'23"W., 344.04 fed along the southerly line of the Spradling and Johnson property, being the
northerly line of said Krahn Lane to the point of intersection of same with the easterly right -of wny of
said State Highway No. 55; thence,
5) N.16°43'13" W., 1297.09 feet along said easterly right -of --way line, being along the westerly line of the
Spradling and Johnson, the Spradling, the Jones. the Swain. the Acheson, the Rountree and the Gabel
properties to the POINT OF BEGINNING.
THE SECOND:
All of Airport Business Park Subdivision as shown on the official plat thereof.
EXHIBI.T "A"
w
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City of McCall
Certificate of Recording Officer
State of Idaho )
)
County of Valley )
I, the undersigned, the duly appointed, qualified, City Clerk of the City of McCall, 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 the City of McCall, Idaho, and that I am the statutory custodian of all laws,
ordinances and resolutions of said City.
2. That the attached Ordinance No. 667 is a true and correct copy of an ordinance passed at a
regular meeting of the Council of the City of McCall held on July 14, 1994, 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 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 7th day of August 1994.
James H. Henderson, City Clerk
Publisher's Affidavit of Publication
STATE OF IDAHO
.SS
County of Valley
I, Ramona A. French, 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 NO. 667, a copy of which is enclosed hereto and is
a part hereof, was published in said newspaper once a week for one consecu-
tive 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 July 21, 1994
and ended July 21, 1994.
Subs ribed and sworn befor: me this a 21 st day of July, 1994.
STATE OF IDAHO
COUNTY OF VALLEY •
On this 21 st day of July, in the year of 1994, before me, a Notary
Public, personally appeared Ramona A. French, 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 acknowl-
edged to me that she executed the same.
Tom Grote
Notary Public for Idaho
Residing at McCall, Idaho
Commission Expires: 1999
•
ORDINANCE NO. 667
AN ORDINANCE OF, THE CITY OF
MCCALL, IDAHO, CREATING LOCAL'
IMPROVEMENT DISTRICT NO. 5; DE-
SCRIBING AND SETTING FORTH THE
BOUNDARIES OF SAID LOCAL IM-
PROVEMENT DISTRICT: PROVIDING
FOR THE IMPROVEMENTS TC P
THEREIN: APPOINTING AN
10 PREPARE THE NECESSARY PLANS
AND SPECIFICA:;O: FOR THE WORK;
AUTHORIZING THE ADVERTISING FOR
BIDS FOR SAID WORK AS AUTHORIZED
BY LAW; PROVIDING FOR THE PAY-
MENT OF COSTS AND EXPENSES OF
SAID IMPROVEMENTS TO BE ASSESSED
AGAINST THE PROPERTY WITHIN THE
DISTRICT BENEFITED THEREBY AND
THE METHOD OF ASSESSMENTS; PRO-
VIDING FOR THE ISSUANCE OF LOCAL
IMPROVEMENT DISTRICT BONDS AND
WARRANTS; AND PROVIDING FOR
OTHER MATTERS RELATED THERETO
WHEREAS, the City of McCall, Valley
Count.. 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 improve-
ments, and to finance said improvements by
the issuance .and sale of local improvement
district bonds ..o0maii'ants; -which bonds or
warrants are payable solely from assessments
upon zlit by said improve-
ments; and M1
WHEREAS, the City Council (the "Coun-
cil') of ilieCity has determined that it is in the
best interests of the City and its residents, and
of the property and i esidents withufthe
posed local improvement district, to create a
local improvement district for the construction
of certain water and sewer improvements, arid
other related expenses; and
WHEREAS, by adoption of Resolution
No. 14-94 on June 2, 1994, the Council ex-
pressed its intention to create a local improve-
ment district for the purpose of financing the
;,,.
costs of such improvements; 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 improve-.
ment district, a public hearing was held by the
Council on June 30, 1994, 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 QF THE
CITY OF MCCALL, IDAHO, as follows:
Section 1: The Council hereby finds and
declares:
:-.(a) That Local Improvement District No. 5
will be in the best interests of the property
affected and of the City;
.(b) That there irreastnatileiprobability
=.t1aE":;tfie obligations"" of lgiel `Impiov'ement
District No. 5 will be paid;
(c) That the value of the property subject to
. assessment within Local ,:Improvement Dis-
trict No. 5 (such value being determined by
the current assessed valuation of such property
for ad valorem tax purposes at shown by the
records of the Assessor of Valley County, Idaho)
exceeds the sum of the estimated Costs' id be
assessed against the property included in
Local Improvement District No. 5; and
(d) No protests were filed in writing in
advance of the hearing held and conducted on
June 30, 1994.
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. 5" ("L.I.D. No. 5"),
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 "Im
provements") is as follows: installation of
domestic water service improvements, includ-
ing water mains, vah es. hydrants, and connec-
tions: installation of sanitary sewer service
imr-•.vements, including sewer mains. pres-
sur. .::-,nr:ections,yand lift tauon, to-
gether with related improvements and costs of
engineering, legalservices, publication, inter-
est 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 Improve-
ments according to a combination of the front -
foot and square -foot methods of assessment,
fifty percent (50%) on the basis of the frontage
of each benefited parcel, and fifty percent(50%)
on the basis of the area of the benefited parcel,
frontages of _comer lots to be determined by
using a single frontage of the larger dimension,
as provided by Section 50-1707, Idaho Code.
Section 5: Said Improvements are addi-
tional improvements.
Section 6: The estimated cost of the
Improvements is $225,500, all of which will be-r,
paid by a levy of assessments on the property
benefited on the basis set forth in Section 4 of
this Ordinance. Saidassessmei tsma be_paid
of the Improvements, engineering and clerical
services, advertising, costs of inspeeion,posts
of collecting acsPcsments, iuterestiinany war-
ranM issued,-legalseivices'for preparing the
proceedings and hi advising with regard thereto,
services of financial advisors, necessary re-
serves, 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. 5 and shall prepare the
necessary plans, specifications, and advertise-
ment for bids for the consttiietion 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. 5, or otherwise defraying any of the
costs of the Improvements as they become due,
the Mayor, the City Treasuter,"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. 5, which warrants shall be in such form
and amounts (not 6:et:edirig, in the aggre-
gate, $225,000) as the Council may hereafter
provide by resolution, which warrants shall be
redeemed and paid in full, together;with anyy.
accrued and unpaid interest thereoiOriiit ithe,a?i
proceeds of the sale of the Bonds qr the piepa}'
ment of assessments of LLD: No. 5. The first
proceeds of the prepayment of assessments and
the sale of Local Improvement District No. 5
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 offidalnewspaperof the City
and shall take effect and be in full force imme-
diately upon its passage, approval, and publica-
tion.
DATED this 14th day of July, 1994.
CITY OF MCCALL
Valley County, Idaho
By Dean Martens, Mayor
ATTEST: James H. Henderson, City Clerk
DESCRIPTION OF LOCAL IMPItOVE-
MENT DISTRICT #5 BOUNDARIES
EAST HIGHWAY 55 LID
Two noncontiguous parcels of land in the
SW 1/4 SE 1/4 of Section 16. Township 18
North, Range 3 East, Boise Meridian, City of
McCall, being described as follows:
THE FIRST:
BEGINNING at the point of intersection of
the easterly right-of-way line of State Hi_hwav
No 55 with the southem sideline of j:;ccos
Street; thence.
1) S 89°37'41"E., 342.80 feet along the
southerly sideline of Jacobs Street, being along
the northerly lines of the Gabel and Payette
Lakes Water and Sewer Distiictooperties to
the Northwesterly &o der of said Payette lakes
Water and Sewer,; thence
2) S 17°50'30"E., 342 30 feet along the
easterly line of the lands of Payette Lakes
Water and Sewer District, Acheson Swain and
Jones: thence.
3) S 15°27'S6"E., 594.91 feet along the
easterly line of the Spradling property and the
easterly line of the Spradling and Johnson
property, to a point on the northerly sideline of
Krahn Lane; thence,
4) S 89°23'23"W., 344.04 feet along the
southerly line of the Spradling and Johnson
property, being the northerly line of said Krahn
Lane to the point of intersection of same with
the easterly right-of-way of said State Highway
No 55; thence,
5) N 16°43'13" W., 129799feet along said
yy easterly right-of-wayline,tieipgi(ongthe west -
in annual installmehtsdfp cpalRandttiteteat, *:erlyline of the Spradling and Johnson, the
over a period which may be less than but 'which Spradling, the Jones, the Swain, the Acheson,
shall not exceed ten (10) years, as shall be the Rountree and. the Gabel properties "to, the
determined by the Council if not otherwise APO O,
' Section 7. Costs and expenses assessed as All of Airpo'tYBiismess Park Subdivision
herein provided shall include the contract price as shown on the official plat thereof. lt7/21