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HomeMy WebLinkAboutCC LID 51 Notice of Intent to Create December 15 2021 signed & sealed NOTICE OF HEARING ON CREATION OF LOCAL IMPROVEMENT DISTRICT NUMBER 51 CITY OF REXBURG,IDAHO NOTICE IS HEREBY GIVEN that Wednesday, the 15th day of December,2021,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.2021-14,as the time and place for public hearing at which the owners of property to be assessed within proposed Local Improvement District No. 51, ("L.I.D.No. 51") 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. 51 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. 51 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,legal 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$2,619,400. Approximately$2,007,600 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 said 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. 51 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 14th day of December, 2021,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 51 encompass the real property within Rexburg city limits,located primarily in the Ricks- Wade Subdivision. 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/fads. DATED this 17th Day of November,2021 CITY OF REXBURG x0 QF..R..EhG� Madison County,Idaho ,��1....... e UGopYORq��p c .............. `oF'+q°�Oa�; -cam emnmunoa„ Deborah Lovejoy, City Clerk Publish: November 30th and December 7th,2021