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Ordinance - 2007 - 571 - Creating Local Improvement District 2007-01 - 10/24/2007 ORDINANCE NO. 571 AN ORDINANCE OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, CREATING LOCAL IMPROVEMENT DISTRICT NO. 2007-1; DESCRIBING AND SETTING FORTH THE BOUNDARIES OF THE LOCAL IMPROVEMENT DISTRICT; PROVIDING FOR THE PROJECT TO BE FINANCED THEREIN; APPOINTING AN ENGINEER TO PREPARE THE NECESSARY SPECIFICATIONS, ENGINEER'S REPORT, AND ASSESSMENT ROLL; PROVIDING FOR THE PAYMENT OF COSTS AND EXPENSES OF THE PROJECT TO BE ASSESSED AGAINST THE PROPERTY WITHIN THE LOCAL IMPROVEMENT DISTRICT AND THE METHOD OF ASSESSMENT; PROVIDING FOR THE ISSUANCE OF LOCAL IMPROVEMENT DISTRICT BONDS AND WARRANTS; PROVIDING FOR RELATED MATTERS; AND PROVIDING AN EFFECTIVE DATE WHEREAS, the City of Eagle, Ada 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 oflocal improvement district bonds or warrants, which bonds or warrants are payable solely from assessments upon the property benefited thereby; 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 purpose of financing certain public improvements generally described as the acquisition of public water supply and conveyance facilities, and other related expenses; and WHEREAS, by adoption of Resolution No. 07-24 on August 14, 2007, the Council initiated the formation of a local improvement; and WHEREAS, by adoption of Resolution No. 07-25 on August 14, 2007, the Council expressed its intention to create a local improvement 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 improvement district, a public hearing was held by the Council on September 11, 2007, September 20,2007, and October 24, 2007, at which hearing the residents and owners of property within the proposed local improvement district had the opportunity to protest the formation of the local improvement di stri ct. Page 1 NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, as follows: Section 1: The Council hereby finds and declares: (a) That Local Improvement District No. 2007-1 will be in the best interests of the property affected and of the City; (b) That there is a reasonable probability that the obligations of Local Improvement District No. 2007-1 will be paid; and (c) That the value of the property subject to assessment within Local Improvement District No. 2007-1 (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 Ada County, Idaho) exceeds the sum of the estimated costs to be assessed against the property included in Local Improvement District No. 2007-1. 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. 2007-1 of the City of Eagle, Idaho", also known as "L.I.D. No. 2007-1 ", the boundaries of which local improvement district shall be as set forth in Exhibit "A" which is annexed hereto and by reference made a part hereof. All protests to the creation of L.I.D. No. 2007-1 are hereby overruled. Section 3: A description ofthe project to be financed (the "Project") is as follows: the acquisition of public water system improvements, including water rights and water supply and delivery facilities, together with costs of engineering, legal services, publication, bond issuance costs and reserves, and other related expenses. Section 4: The costs and expenses of the Project shall be assessed against the lots and lands included in L.I.D. No. 2007-1 according to the benefits derived method of assessment, as provided by Section 50-1707, Idaho Code. Section 5: The estimated cost of the Project is $7,200,000, all of which will be paid from a levy of assessments on the property benefited by the Project within L.I.D. No. 2007-1. 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 twenty (20) years, as shall be determined by the Council, if not otherwise paid as provided by law. Section 6: Holladay Engineering Company is hereby appointed as engineer for L.I.D. No. 2007-1 and shall prepare the necessary plans, specifications, engineer's report, and preliminary assessment roll as provided by Section 50-1712, Idaho Code. Page 2 Section 7: 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 thisci4~ day of October, 2007. CITY OF EAGLE Ada County, Idaho BY~~ Mayor ~ ATTEST: ~[L_'-IL ....City Clerk ~~ ,.,....u.,'. ,...... BAG .f.... ," Of I.~ '. ,l.a.;..--~ '\ I t:.f ,0"" 7'~.. \ ::CJF,o~ \...: = . ~ : : : v ._ _. : - . ." 't..... ,., i..,. c13.~~~: 0 i \, ...;~ .;J ,,\~~I ~ i -:. ..~o.po""'... ~ ~ ~" J'1' ....... ,-<::) ,.... ..... "l TE O\' ,..,.... '""........,. (SEAL) Page 3 Exhibit A City of Eagle Local Improvement District No. 2007-1 Legal Description In Sections 3, 4, 5, 7, 8, 9, 10, 15, 16, 17, and 22, Township 4 North, Range 1 East, Boise Meridian, Ada County, Idaho, being more particularly described as follows: BEGINNING at the northwest corner of Section 3, Township 4 North, Range 1 East, Boise Meridian, Ada County, Idaho: thence N 89036'53"W 2648.56 feet; thence S 00030'52"E 1281.00 feet; thence N 89057'25"W 1326.75 feet; thence N 00024'51"W 518.76 feet; thence N 43051'20"E 949.35 feet; thence N 00010'5S"W 78.38 feet; thence N 89041'44"W 4658.57 feet; thence S 00025'14"E 2587.89 feet; thence S 89024'32"E 2198.87 feet; thence S 00016'38"E 155.06 feet; thence S 45007'59''W 323.46 feet; thence S 00024'58"E 206.57 feet; thence S 89020'54"E 676.04 feet; thence S 00000'00''W 52.25 feet; thence S 89049' 40''W 603.00 feet; thence N OooOO'OO"E 10.63 feet; thence S 89046'54"W 82.00 feet; thence N 49013'52"W 420.65 feet; thence S 00016'13"E 494.20 feet; thence S 89046'08"W 62.00 feet; thence S 00034'23"E 200.01 feet; thence S 89052'38"E 262.25 feet; thence S 00020'12"E 255.19 feet; thence S 89022'38"E 828.05 feet; thence S 00022'45''E 1322.16 feet; thence N 890 17'43"W 4000.12 feet; thence S 01016'01"W 1778.92 feet; thence N 440 18'44"W 180.87 feet; thence N 54031'42''W 151.65 feet; thence N 63034'52"W 491.09 feet; thence N 76054'47''W 178.02 feet; thence S 89049'56"W 447.33 feet; thence S 01019'53''W 2637.15 feet; thence S 89046'35"W 1314.71 feet; thence S 00024'21''W 1339.45 feet; thence S 89047'13"E 1287.46 feet; thence S 09027'32"W 19.93 feet; thence S 74003'56"E 42.05 feet; thence N 84027'0l"E 108.88 feet; thence S 62052'53"E 292.56 feet; thence S 70014'33"E 320.46 feet; thence S 78048'lTE 485.12 feet; thence N 84013'42"E 358.91 feet; thence S 88053'25"E 49S.07 feet; thence S 75051'03"E 1081.79 feet; thence N 80002'44"E 841.27 feet; thence S 58009'38"E 643.33 feet; thence S 25043'15"E 802.30 feet; thence S 17019'07"E 429.37 feet; thence S Soo06'47"E 487.69 feet; THIS DESCRIPTION WAS PREPARED BY DEAN J. COON, PLS10328 ON JULY 18, 2007, FROM ADA COUNlY'S GIS BASEMAP, DATED JUNE 2007 I:\EG\062007 UD\Survey Documents\UD Description.doc Page 1 of 3 Exhibit A City of Eagle Local Improvement District No. 2007-1 Legal Description thence S 54022'29"E 688.62 feet; thence S 73050'27"E 807.63 feet; thence N 71033'53"E 473.88 feet; thence N 57046'12"E 904.23 feet; thence N 01050'58"E 618.80 feet; thence N 88057'34"E 1098.50 feet; thence S OooOO'OO"W 718.23 feet; thence S 58041'42"E 255.76 feet; thence S 00053' 46"W 565.46 feet; thence S 69036'27"E 458.05 feet; thence S 84008'58"E 391.44 feet; thence S 72046'25"E 303.15 feet; thence S 87016'34"E 222.45 feet; thence S 0l"06'37"W 211.80 feet; thence S 45020'40"E 732.47 feet; thence S 56042'24"E 1059.85 feet; thence S 21016'18"E 309.80 feet; thence S 57005'40"E 401.60 feet; thence S 72004'23"E 315.01 feet; thence S 83017'19"E 528.12 feet; thence N 67000'02"E 665.55 feet; thence S 57053'06"E 489.15 feet; thence S 12028'OO"E 757.33 feet; thence S 54050'38"E 231.31 feet; thence N 88052'19"E 670.07 feet; thence S 73047'22"E 323.58 feet; thence S 43012'02"E 330.26 feet; thence N 00035'45"E 2692.59 feet; thence N 44037'42"E 102.49 feet; thence N 00034'07"E 2085.47 feet; thence N 89019'07"W 37.00 feet; thence N 00037'46"E 330.06 feet; thence N 89043'58"W 1358.55 feet; thence N 00037'04"E 992.54 feet; thence S 89043'1l"E 1285.72 feet; thence N 01" 17'59"E 2636.37 feet; thence S 870 l1'53"W 953.94 feet; thence N 14008'36"W 171.07 feet; thence N 08033'00"W 221.97 feet; thence N 40034'40''W 131.17 feet; thence N 87022'40"E 1163.84 feet; thence N 01" 15'16"E 1495.92 feet; thence N 89044'34"W 1265.46 feet; thence N 60001'56"E 290.54 feet; thence N 08058'08"E 51.31 feet; thence S 89044'43"E 970.01 feet; thence N 01015'07"E 216.90 feet; thence S 89042'33"E 44.01 feet; thence N 00009'26"W 163.87 feet; thence N 03011'09"W 366.03 feet; thence N 13018'54"W 296.38 feet; thence N 17044'59"W 2120.31 feet; thence N 17045'02"W 741.29 feet; thence N 21000'24"W 174.18 feet; thence N 28008'45"W 174.18 feet; thence N 31038'40"W 459.36 feet; thence N 37013'28"W 171.08 feet; thence N 87027'25"W 127.92 feet; thence N 02026'16"W 412.79 feet; thence N 02043'35"W 332.29 feet; THIS DESCRIPTION WAS PREPARED BY DEAN J. COON, PLS10328 ON JULY 18, 2007, FROM ADA COUNIY'S GIS BASEMAP, DATED JUNE 2007 I:\EG\062007 LID\Survey Documents\LID Description.doc Page 2 of 3 Exhibit A City of Eagle Local Improvement District No. 2007-1 Legal Description thence N 13055'16"E 332.29 feet; thence N 89D36'53"W 3829.08 feet to the POINT OF BEGINNING. Containing 4,153.99 acres, more or less. Basis of Bearing for this description is the Ada County GIS Basemap, dated June of 2007. I, Dean J. Coon, a Professional Land Surveyor licensed by the State ofIdaho, hereby certify that the foregoing description was prepared by me, or under my direct supervision, and that it is representative of the Local Improvement District Boundary as shown on the City of Eagle Eastern Municipal Water System Local Improvement District Map. No fieldwork was performed to verify individual parcel boundaries. Inaccuracies inherent to the source data (Ada County GIS Basemap) used to prepare this description may be revealed should field measurements be made. This description is not intended to convey interest in real property, and is not valid unless accompanied by this certification. END OF THIS DESCRIPTION THAT CONTAINS 3 PAGE(S). THIS DESCRIPTION WAS PREPARED BY DEAN J. COON, PLSI0328 ON JULY 18, 2007, FROM ADA COUNTY'S GIS BASEMAP, DATED JUNE 2007 I:\EG\062007 UD\SulVey Documents\LID Description.doc Page 3 of 3 / ~ ~ II j ~L- ~lY ~ ~ ~I- ~ '\ ~~ ~ _I- F -1\ ~ '-/ '\<' I-~~ r ., No' '-In --'I ~1~ hLt'=::: := ~~ ~ Vl<:"'1 .:(\ ~p,.1 I IJ 0Y 1= /'--.. [I -t '/"" :;:\1 r-. I I- 1111 ~ 11-J)- "'r ~ ~ ~ , ;~;!Uf I ~I ~ '- I l'r ..L L I ,I ~ ~I^-, r-r~ ~'I f[ r71/ ~ ~ 1/1 f-,. ~\ I ? ~ - 1/& - ~ /r-:l/ jJ ttJ 'J :(\\. I f Y \ 1/ lrr:: l'- = 1..\ rJb IJ--I-1;1 ~ /, o r-ll/ A'J r-F">j ~hr1 r{! II--' 7ft l '-\ -::::N J:j ~ ~ ~ D: J1 Irlf r n~ n~ 7 f-1- "- I .. 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Box 1790 - Eagle, Idaho 83616 LEGAL ADVERTISING PROOF OF PUBLICATION Account: October 29, 2007 4_LILY-+ ORDINANCE NO. 571 October 29, 2007 AN ORDINANCE,OF THE CITY OF EAGLE, ADA COUNTY, IDAHO, CREATING LOCAL IMPROVEMENT DISTRICT • NO. 2007-1; DESCRIBING AND SETTING FORTH THE BOUNDARIES OF THE LOCAL IMPROVEMENT DISTRICT; PROVIDING FOR THE PROJECT TO BE FINANCED THEREIN; APPOINTING AN ENGINEER TO PREPARE THE NECESSARY SPECIFICATIONS, ENGINEER'S REPORT, AND ASSESSMENT ROLL; PROVIDING FOR THE PAYMENT OF COSTS AND EXPENSES OF THE PROJECT TO BE ASSESSED AGAINST THE PROPERTY WITHIN THE LOCAL IMPROVEMENT DISTRICT AND THE METHOD OF ASSESSMENT; PROVIDING FOR THE ISSUANCE OF LOCAL IMPROVEMENT DISTRICT BONDS AND WARRANTS; PROVIDING FOR RELATED ITERS; AND PROVIDING AN EFFECTIVE DATE is EAS, the City of Eagle, Ada County, Idaho (the "City"), is a municipal corporation _ and operating under the laws of the State of Idaho and is authorized by Idaho Code . ' e 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 thereby; 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 purpose of financing certain public improvements generally described as the acquisition of public water supply and conveyance facilities, and other related expenses; and WHEREAS, by adoption of Resolution No. 07-24 on August 14, 2007, the Council initiated the formation of a local improvement; and WHEREAS, by adoption of Resolution No. 07-25 on August 14, 2007, the Council expressed its intention to create a local improvement district for the purpose of financing the coats 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 improvement district, a public hearing was held by the Council on September 11, 2007, September 20, 2007, and October 24, 2007, at which hearing the residents and owners of property within the 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 EAGLE, ADA COUNTY, IDAHO, as follows: Section I: The Council hereby finds and declares: (a) That Local Improvement District No. 2007-1 will be in the best interests of the property affected and of the City; (b) That there is a reasonable probability that the obligations of Local Improvement District No. 2007-1 will be paid; and (c) That the value of the property subject to assessment within Local Improvement District No. 2007-1 (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 Ada County, Idaho) exceeds the sum of the estimated costs to be assessed against the property included in Local Improvement District No. 2007-1. Identification: es: _ -U-1 4. No r Lines 3 ( Amount 325 'cro MA 1•4 0111 thence 8 00°58'46"W 565.46 feet; thence 8 69°36'27°E thence S 84'08'56& 891.44 feat; thence 8 72°46'25'E l j thence S 87'16'84"E 222.45 feet: thence 8 01°0817W , thence S 45•20'40"E 782.47 feet; thence S 56°42'24"E 1 thence S 21'16'1813 809.80 feet; thence 8 57.05'40"& II' thence S 72.04'28'1 815.01 feet: thence S 88°1719"& thence N 67'00'02"8 665.55 feet; thence S 57°53'06'En thence S 12°28'00"3 757.88 feet; thence S 54°50'38"B thence N 88•52'19'E 670.01 feet: thence 8 78°4T22'E3) thence 8 48.12'02'3 880.26 feet' thence N 00°85'45"Ed thence N 44°8742'E 102.49 feet thence N 00°84'OT'3a thence N 89°19'07W 87.00 feet: thence N 00°8T46"Ed S: *enroll 89°48'68'W 1858.55 feet: thence N 00'3T04 7 thence 8 89°48'11"E 1286.72 feet: thence N 01'1769" // thence 8 87'11'53"W 958.94 feet thence N 14°08'861 thence 8 00'00'00"W 718.28 feet: thence 8 58°41'42"E thence N 08°88'00"W 221.97 feet: thence N 40°34'40" thence N 87.22'40'31168.84 feet; thence N 01°15'16''0 thence N 89°44'34"W 1265.46 feet: thanes N 60°01'51 thence N 08°58'0813 51.81 feet: thence S 89°44'43"3— thence N 01°15'O73 216.90 feet: thence S 89°42'88°1) thence 1400°09'26'W 168.87 feet; thence N 08°11'09'S thence N 13°18'54'W 298.38 feet; thence N 17°44'501 thence N 17°46'021V 741.29 feet; thence 1421°00'24'07 thence 1428°08'45'W 174.18 feet; thence N 81°88'40 ed thence N 87.18'26'W 171.08 feet: thence N 872T24, nt thence N 02°26'16"W 412.79 feet: thence N O2•43'35 Je THIS DESCRIPTION WAS PREPARED BY DEAN ]hat ON JULY 18, 2007, FROM ADA COUNTY'S GIS Bne, I:�a 062007 LID\Survey Documents\LID Desaiption.doc ,ID