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HomeMy WebLinkAboutORDINANCE NO. 394 LID 14 - SIGNED -..-......-....-- ---""''''''..., -"''''J .....,.. ... '-~]l,.'-'-~b' .. '''-Llo..r.J''-'If', l~\A..IIV ORDINANCE NO. 393, CONT. II Ii ,I Ii 11 I' I: ~) J. BOND INTEREST AND SINKING: From moneys received on account of taxes levied thereof and other available sources, there is hereby appropriated for the payment of interest on outstanding general obligation bonds of said City and the payment of maturing installments on such indebtedness, the sum of $7,125.00. K. POLICE RE,1'IR~JmT FUND: From the moneys received on account of taxes levied, there is hereby appropriated to the Police Retirement Fund, for the payment of retirement benefits, the sum of $1,688.96. L. All revenues of the City of Rexburg, received during the fiscal year 1955-1956 not hereby otherwise appropriated, are hereby appropriated to the General Fund of the City. M. RECREATION DEPARTMENT: From moneys received on account of taxes levied and other sources available, there is hereby appropriated to the Recreation Department the sum of $754.00: N. LOCAL IMPROVWENT DISTRICT GUARANTEE: From moneys received on account of taxes levied and other sources available, there is hereby appropriated to the Local Improvement District Guarantee Fund the sum of $1,688.96. SECTION 6. This ordinance shall take effect and be in force from and after its passage and pub- lication as required by law. ~) PASSED AND APPROVED this 6th day of July, 1955. ATTEST: fl 02:-1- ~~ May . 10 _I r ~ &\c, At ~rn. City Clerk. '~ ' J ;~~0. J 1 i: l. \, ORDINANCE NO. 394 -, -. AN ORDINANCE CONFIRMING THE ASSESSMENT ROLL FOR LOCAL IMPROVEl4mT DISTRICT NO. 14 IN REXBURG, IDAHO, FOR CONSTRUCTION .AND RE-CONSTRUCTION OF CURBS AND GU'rI'ERS AND THE CONSTRUC- TION OF DRAINAGE WORKS INCIDENTAL TO SAID IMPROvmmNTS WITHIN SAID DISTRICT: ORDERING ASSESSMENTS TO BE MADE IN ACCORDANCE WITH THE ASSESSMENT ROIJ.. AND PRESCRIBING DETAILS CONCERNING SAID ASSESSMENTS. .,. WHEREAS, the City Council of the City of Rexburg, Idaho, has created wi.th~ said City Local _ Improvement District No. 14, f~ Rexburg, Idaho, tor the purpose ot construction and re-construction of curbs and gutters and the cqnstruction of drainage works incidental to said improvements within said district, and . WHEREAS, the committee on streets of said Council, together with the City Engineer, made out an asse~s~ent r?ll for said distr~ct pursuant to the la~,of the state ot Idaho and of said City and cert~f~ed s~d roll to said Council, and .~.' WHEREAS, said Council caused said roll to be filed in the office of the City Clerk on the 27th day ot June, 1955, and gave the requisite legal notice that written objections to said 1"011 might be filed with the City Clerk and that said Council would hel!l" and consider any written objections on Wednesday, July 13, 1955, at 8 o'clock p.m. at the City Hall in said City, and WHEREAS, said Council met at said place and date to hear and consider all objections filed, and WHEREAS, the clerk reported that no written objections were filed and no person appeared at said Council meeting with oral obj eqtions, NON, THEREFORE, BE IT ORDAINED. by the Mayor and Council of the City of Rexburg, Idaho: SECTION I. The City Council of the City of Rexburg, Idaho, hereby confirms the assessment roll certified and filed with the City Clerk for Local Improvement District No. 14 for Rexburg, Idaho, for the construction and re-construction of curbs and gutters and the construction of drainage works incidental to said improvements within said district, and hereby orders the levy of the assessment shown in said roll and hereby levies against each lot and parcel of land shown in said roll the amount of assessment listed therein. , -, SECTION II. The City Clerk shall immediately certify and file said roll with the City Treasurer and said assessments shall be due and payable to the City Treasurer twenty days from the date of the publication of this ordinance, being the date of the confirmation of said roll, and if not paid within thirty days thereafter shall become delinquent, provided that all such assessments, or any part thereof, may at the election of the owner be paid in installments with interest as hereinafter pro- vided. Failure to pay the whole assessment within said period of thirty days shall be conclusively considered and held an election on the part of all persons interested, either under disability or otherwis,e, to pay in such installments herein. In case of such election to pay in installments, the unpaid assessment shall be payable to said City Treasurer in ten substantially equal annual install- ments of principal, the first of which installments of principal shall be due and payable on or before the 8th day of August, 1956, and the remainder of said installments shall be due and payable successively on or before the same day in each year thereafter until paid in full, with interest in all cases on the unpaid and defertied installments of principal from the 8th day of August, 1955, at the same rate of interest as that provided for in the special assessment bonds to be hereafter authorized, solg. issued and delivered, but not to exceed seven per cent per annum\ payable annually at the office~of .... .<1 ~ ...;0.;;.___ - - ~ - -] -- -.I & '-"".........._..0' .. '\"".Llo..~\...llS, IUUIIV 01:0. D. 8ARHARD ITA. CO., IT .LOUIS ORDINANCE NO. 394, CONT. the City Treasurer, the first annual payment of interest being due and payable on the said 8th day of August, 1956, and the remainder of said annual installments of interest being due and payable on the 8th day of August in each year thereafter. Failure to pay any installment, whether of principal or interest, when due, shall cause the whole of the unpaid principal to become due and payable immediately, and the City shall proceed to collect all of said unpaid assessments, both principal and interest, and all penalties, in the manner provided by the Local Improvement District Code of t he State of Idaho and all laws amendatory thereof and supplemental thereto. Prior to the issuance of a deed, the owner may pay the amount of all unpaid installments, with all interest and all penalties accrued, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not been suffered. The owner of any property not in default as to any installment or payment may, at any time, pay the whole of the unpaid principal with interest accruing thereon to the next interest paying date. SECTION III. The City Treasurer shall publish a notice in the Rexburg Journal, a weekly newspaper which is the official newspaper of, and is published in said City, in accordance with the provisions of Section 50-2929, Idaho Code, for two consecutive issues, stating the time for payment to begin and the time for payment to close, the last publication of said notice to be not less than thirty d~s before the issue of any bonds authorized to be issued for such payments. SECTION IV. The said notice shall be in substantially the following form: NarICE OF ASSESSMENT TO PROPERTY OWNERS IN WCAL IMPROVE1!mT DISTRICT NO. 14 FOR REXBURG, IDAHO, FOR THE CONSTRUCTION AND RE-CONSTRUCTION OF CURBS AND GUTTERS AND THE CONSTRUCTION OF DRAINAGE WORKS INCIDENTAL TO SAID IMPROVE- MENTS VUTHIN SAID DISTRICT. NOTICE IS HEREBY GIVEN: That the assessment roll for Local Improvement District No. 14 for Rexburg, Idaho, for the construction and re-construction of curbs and gutters and the construction of drainage works incidental to said improvements within said district, was confirmed by the City Council of Rexburg, on July 13, 1955, and a certified copy of said roll is now on file in my office. The assessments levied against property within said district shall be due and payable to the undersigned, City Treasurer, twenty days from said date of confirmation of said assessment roll by the Council and if not paid within thirty days thereafter shall become delinquent and shall be collected in the same manner as provided for other delinquent assessments provided that all such assessments, or any part thereof, may at the election of the owner, be payable in t en substantially equal annual installments and said assessments. remaining unpaid shall bear interest and be due and pay_ able annually in ten successive years as provided in the ordinance confirming said assess- ment roll. Dated this 13th day of July, 1955. City Treasurer. SECTION V. That the officers of the City be, and they hereby are, authorized and directed to take all action necessary or appropriate to effectuate the provisions of this ordinance. SECTION VI. That a::hordinances or parts thereof in conflict with this ordinance are hereby repealed. After the bonds of said Local Improvement District for the City of Rexburg, Idaho, have been hereafter issued, this ordinance shall constitute a contract by the City and the holder or holders of said bonds and shall be and remain irrepealable until said bonds and the interest accruing thereon shall have been fully paid, satisfied and diSCharged. .) SECTION VII. That, by reason of the fact that certain areas within the City of Rexburg need said local improvements, it is hereby declared that an emergency exists, that this ordinance is necessary to the immediate preservation of the public peBfe, health and safety, and that it shall be in full force and effect from and after its passage, ap~oval and publication, as provided b,y law. PASSED by the City Council of the City of Rexburg, Idaho, this 13th day of July, 1955. APPROVED by the Kayor of the City of Rexburg, Idaho, this 13th day of July, 1955. APPHOVED : 'A.TTEST: ~./~ ~ '~/ .' --., L J<<;'-- K~ ~ ,,"-- , I "'-1' ~.. ~ v.',," u,_"'t .\ -{ I ,!Y')1,J/ . L i. r ,- C'f,. City Clerk. ., '" , " T!1._ ,.