HomeMy WebLinkAbout02 LID 55 Notice of Intent to Create Newspaper Publication February 18, 2026NOTICE OF HEARING ON CREATION OF
LOCAL IMPROVEMENT DISTRICT NUMBER 55
CITY OF REXBURG, IDAHO
NOTICE IS HEREBY GIVEN that Wednesday, the 18th day of February 2026, 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. 2026-04, as the time and place for public hearing at which the owners of property to be assessed within proposed Local Improvement District No. 55, ("L.I.D.
No. 55") 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. 55 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. 55 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 $5,000,000. Approximately $4,337,300 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. 55 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 17th day of February 2026, 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 55 encompass the real property within Rexburg city limits, located primarily along Birch Ave., Ash Ave., 4th West from 2nd South to 5th South, 7th South
from US 20 to the west end of Summerfield Subdivision, 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 https://www.rexburg.org/o/cor/page/local-improvement-district.
DATED this 21st day of January 2026
CITY OF REXBURG
Madison County, Idaho
_____________________________
Deborah Lovejoy, City Clerk
Publish: January 30th and February 6th, 2026