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HomeMy WebLinkAboutORDINANCE NO. 1134 LEGAL PAGE Attachment 2 Description of Project Area and Revenue Allocation Area nd This Project Area includes the U.S. Highway 20 and North 2 East interchange, and is generally bounded on the south by E. Moran View Road, and to the east by South Railroad Avenue. The Project Area consists of approximately \[679\] acres as more particularly described as follows: nd 1) All parcels that border North 2 East from the Highway 20 Interchange on the north, to Moran View Road on the south. nd 2) All parcels that border Moody Road from 1800 feet west of North 2 East and east to Railroad Avenue, except for one parcel, the fertilizer plant on the southwest corner of the intersection of Moody Road and Railroad Avenue. 3) All parcels not included above that are between Highway 20 on the north, Railroad Avenue on nd the east, Moody Road on the south and North 2 East on the west. 4) The Highways 20 North Rexburg interchange area that borders the above parcels. The Project Area is more particularly described as follows: North Interchange Urban Renewal Boundary Beginning at the East Quarter Corner of Section 18, Township 06 North, Range 40 E of the Boise Meridian, Madison County Idaho; running thence west along the South line of the North East Quarter to the Center Quarter corner of said section; thence north along the west line of the North East Quarter to the North Quarter Corner; thence East along the North Section Line of said section 837 feet more or less; thence north 2885 feet more or less to a point which intersects the North ROW line of US 20 ; thence following the North ROW line of US 20 – ITD highway project #F-6471(81) to a point at which said ROW intersects with the center section line of Section 8 using the following 6 calls: (N 61°42’14” E, 1922 feet; thence N 06°05’59” E, 514 feet; thence N 82°47’24” E, 81.5 feet; thence S06°52’19” E 522 feet; then S 66°51’52” E, 520.5 feet; thence easterly along the curve in the ROW to said point, curve having an approximate cord bearing of N75°27’38” E and a distance of 2119.02 feet); thence south 302.5 feet more or less to the South ROW line of US 20; thence northeasterly along the curve of the South ROW Line of said US 20 with an approximate chord bearing of N 54°37’38” E and chord distance of 807.75 feet; thence S 00°12’49” E, 765.54 feet; thence N 89°56’52” E, 1354.64 feet; to the West ROW line of the Eastern Idaho Railway (EIRR); thence southwesterly along the West Railway ROW 1035.97 feet more or less to the Center Quarter line of Section 8; thence East 202.25 feet more or less to the East ROW line of Idaho Highway 33; thence southwesterly along the East ROW line of Idaho Highway 33 for a distance of 3032.38 feet more or less to South Section line of Section 8; thence continuing along the Highway right of way 702.41 feet; thence West 207.14 feet more or less to the West line of the Railroad ROW; thence northeasterly 718 feet more or less along said ROW to the South line of Section 8; thence west 292.77 feet along the South line of Section 8; thence S 30°08’42”W, 723.18 feet; thence N 89°40’44”W, 1656.41 feet; thence S 00°11’14”E, 496.2 feet more or less to the north boundary of the Artco Business Park; thence west along said boundary 199.12 feet; thence S 00°11’11”W 1339.66 feet to the South boundary of the Rexburg Business Park; thence west 94.62 feet more or less to the East Section line of Section 18; thence south along said Section line 190.44 feet more or less to the point of beginning.