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200705740 ORDINANCE NO. 501 AN ORDINANCE CREATING WATER EXTENSION DISTRICT NO. 2007~1; DEFINING THE BOUNDARIES AND LIMITS THEREOF; PROVIDING FOR THE CONSTRUCTION OF WATER MAINS AND OTHER NECESSARY AND INCIDENTAL WORK; PROVIDING FOR THE PAYMENT OF SUCH IMPROVEMENTS AND OTHER INCIDENTAL EXPENSES BY THE ISSUANCE OF WARRANTS, BOND ANTICIPATION NOTES AND BONDS; PROVIDING FOR ASSESSMENT OF THE COSTS OF SUCH IMPROVEMENTS AGAINST THE PROPERTY ESPECIALLY BENEFITED THEREBY AND THE LEVY OF GENERAL TAXES; PROVIDING FOR THE PUBLICATION OF THIS ORDINANCE; AND RELATED MATTERS BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF WOOD RIVER, NEBRASKA: Section 1. The Mayor and Council hereby deem it necessary and advisable to extend municipal water service to territory beyond the existing water system and, for such purpose, Water Extension District No. 2007-1 (the "District") of the City of Wood River, Nebraska (the "City") is hereby created pursuant to Sections 19-2402 to 19-2407, inclusive, Reissue Revised Statutes of Nebraska, as amended. Section 2. The limits, boundaries and improvements in the District are defined and established as follows: WATER EXTENSION DISTRICT NO. 2007~1 THE IMPROVEMENTS TO BE CONSTRUCTED ARE: Beginning at a connection point located on the northeast corner of the intersection of Main Street and Schultz Road approximately 25' south and 5' west of the southeast corner of Lot 7, Block 23 of MacColl and Leflangs 2nd Addition to the City of Wood River, Nebraska, construction of an 8" PVC water main, including valves, hydrants, and services, proceeding west from the connection point approximately 1,692' on the north side of Schultz Road and then south along the west side of 140th Road approximately 765'. THE PROPERTY TO BE INCLUDED IN THE DISTRICT CONSISTS OF THE AREA DESCRIBED AS FOLLOWS: From a Point of Beginning at the center of Section 30, Township 10 North, Range 11 West of the 6th Principal Meridian, Hall County, Nebraska (S30-1O-11W) thence westerly along the southern line of the northwest 1/4 of S30-1O-11 W to the southwest corner of the northwest 1/4 of S30~ 10-11 W; thence northerly along the west line of S30-1O-11 W to the southeast corner of Lot 2 of the Cargill Subdivision of the City of Wood River, Hall County, Nebraska; thence westerly and southwesterly along the south lines of Lot 2 to the southwest corner of Lot 2; thence northerly along the west line of Lot 2 a distance of 357.48'; thence northeasterly along the boundary of Lot 2 a distance of 3,589.51'; thence easterly along the boundary of Lot 2 a distance of 277 .07' to the westernmost point on Lot 1 of the Cargill Subdivision of the City of Wood River, Hall County, Nebraska; thence northeasterly along the north line of Lot 1 and along the southern line of the Union Pacific Railroad right of way to the northeast corner of Lot 5 of County Subdivision SJ(( (1 /'IIi...