HomeMy WebLinkAboutCC LID 54 Notice of Intent to Create Newspaper Publication March 19, 2025NOTICE OF HEARING ON CREATION OF LOCAL IMPROVEMENT DISTRICT NUMBER 54
CITY OF REXBURG, IDAHO
NOTICE IS HEREBY GIVEN that Wednesday, the 19th day of March 2025, at the hour of six-thirty p.m. (6:30 pm), at the Rexburg City Hall, 35 N 1st E, Rexburg, Idaho, has been fixed, pursuant to Resolution No. 2025-01, as the time and place for public hearing at which the owners of property to be assessed within proposed Local Improvement
District No. 54, ("L.I.D. No. 54") 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. 54 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. 54 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 $4,533,800. Approximately $3,536,300 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. 54 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 18th day of March 2025, 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 54 encompass the real property within Rexburg city limits, located primarily along Park St
from Seagull Dr to Pioneer Rd, 1st W and 1st S, S 5th W from Yellowstone Hwy to 7th S, as well as several miscellaneous properties. 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 25th day of February 2025
CITY OF REXBURG Madison County, Idaho
______________________________ Deborah Lovejoy, City Clerk
Publish: March 4th and March 11th, 2025