HomeMy WebLinkAboutCC LID 49 Notice of Intent to Create February 5, 2020 signed & sealedNOTICE OF HEARING ON CREATION OF
LOCAL IMPROVEMENT DISTRICT NUMBER 49
CITY OF REXBURG, IDAHO
NOTICE IS HEREBY GIVEN that Wednesday, the 5th day of February, 2020, at the hour of seven p.m.
(7:00 pm), at the Rexburg City Hall, 35 N 1st E, Rexburg, Idaho, has been fixed, pursuant to Resolution No. 2020-01, as
the time and place for public hearing at which the owners of property to be assessed within proposed Local Improvement
District No. 49, ("L.I.D. No. 49") may appear before the City Council (the "Council") of the City of Rexburg, (the "City") and
be heard as to the propriety and advisability of creating L.I.D. No. 49 and acquiring and constructing the Improvements, as
hereinafter described, and as the time and place when and where the Council will consider the creating of the proposed L.I.D.
No. 49 and the acquisition and construction of the proposed improvements, and hear all complaints, protests, and objections
which may be made in writing and filed with the City Clerk on or before said time by any owner of any parcel of land to be
assessed.
A general description of the improvements to be constructed (the "Improvements") is as follows: the installation
and/or replacement of streets, curbs, gutters, sidewalks, driveway approaches, water lines, sanitary sewer lines, storm sewer
lines, retaining walls and other improvements as necessary, together with related improvements and costs of engineering, lega l
services, publication, interest on borrowed funds during construction, bond issuance costs and reserves, and other related
expenses.
The estimated total cost of the Improvements is approximately $2,204,600. Approximately $1,730,100 will be paid by
the City, representing the amount of benefit to the general public resulting from the improvements. The balance of the cost
will be paid by a levy of special assessments on the properties benefited, calculated according to a front foot method or a
square foot method, or in proportion to the benefits derived to such property by sai d improvements, or a combination
thereof, subject to any variations there from to be determined by the Council.
Written protests and objections to the creation of L.I.D. No. 49 or to the manner of assessment or inclusion of
property therein may be filed with the City Clerk at or before four o'clock P.M. (4 pm) on Tuesday, the 4th day of February,
2020, by any owner of any parcel of land to be assessed. At the time of creation of the L.I.D., a document will be recorded
with Madison County showing a possible future debt against the property.
The boundaries of the L.I.D 49 encompass the real property within Rexburg city limits, located primarily along 534 Parks
St to 665 Park St, 170 West 2nd North to Center St, 2nd East to 4th East, and West 4th South/South Yellowstone Hwy. To see
the list of specific properties included on this project, please visit the office of the Rexburg City Clerk located at 35 North 1st
East in Rexburg. For more information on LID’s visit our website at www.rexburg.org/pages/lid.
DATED this 15th Day of January, 2020
CITY OF REXBURG
Madison County, Idaho
______________________________
Deborah Lovejoy, City Clerk
Publish: January 17th and January 31st, 2020