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HomeMy Public PortalAboutResolution 04-93 Initiating the formation of local improvement district no.2; describing the improvements to be considered, the proposed boundaries, and the property to be assessed, in the proposed boundaries RESOLUTION NO. 4-93 A RESOLUTION OF THE CITY OF MCCALL, IDAHO, INITIATING THE FORMATION OF LOCAL IMPROVEMENT DISTRICT NO. 2; DESCRIBING THE IMPROVEMENTS TO BE CONSTRUCTED, THE PROPOSED BOUNDARIES, AND THE PROPERTY TO BE ASSESSED, IN THE PROPOSED IMPROVEMENT DISTRICT; 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 to create local improvement districts for public improvements pursuant to Title 50, Chapter 17, Idaho Code; and WHEREAS, the City Council (the "Council") of the City has determined to initiate the formation of a local improvement district for the purposes described hereinbelow. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MCCALL, IDAHO, as follows: Section 1: Pursuant to Idaho Code Section 50-1706, the formation of a local improvement district, to be known and designated as Local Improvement District No. 2 ("L.I.D. No. 2") is hereby initiated. Section 2 : The proposed improvements to be constructed within L. I.D. No. 2 consist generally of sewer improvements, consisting of installation of an 8-inch sewer collection line, together with sewer service connections; water system improvements, consisting of acquisition of easements and installation of a looped water system connecting to existing water lines, water service connections, and installation of water hydrants, together with street surface repair as needed; street improvements, consisting of upgrade and paving of streets, acquisition of right-of-way for extensions of streets, construction of a bicycle path and adjacent fencing, and relocation of power poles; 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 (the "Improvements") . Section 3 : A general description of the boundaries of L.I.D. No. 2 and of the properties proposed to be assessed for the cost of the Improvements is annexed hereto as Exhibit "A" and by this reference incorporated herein. Section 4: The assessable portion of the costs and expenses of the Improvements shall be assessed against the tracts, lots, and lands benefited by the Improvements according to the benefits ) Page 1 derived method of assessment, as provided by Section 50-1707, Idaho Code, with all benefited lots being assessed an approximately equal share of the costs and expenses of the Improvements. Section 5: This Resolution shall take effect and be in force immediately upon its passage and approval. DATED this 25th day of March, 1993 . CITY OF MCCALL Valley County, Idaho By /, ►� M:yor ATTEST,: 0 it y Cler ( S E A L ) Page 2 (- ) 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.