Idaho Statutes Title 50. Municipal Corporations § 50-3115. Disclosure

(1) The district board shall record with the county clerk in each county in which the district is located, upon the records of each parcel of real property within the district that will be encumbered with any future general obligation bond or special assessment bond repayment liability, a notice setting forth:

(2) Such notice may be separately recorded or included in a recorded district development agreement. The governing body, in its resolution approving formation of the district, shall require that a form disclosure, consistent with the foregoing, be signed and acknowledged by any purchaser of land within the district prior to purchase. The form disclosure shall be entitled “CID TAX AND SPECIAL ASSESSMENT DISCLOSURE NOTICE” and shall specifically and conspicuously set forth “YOU ARE PURCHASING REAL PROPERTY THAT IS INCLUDED WITHIN THE BOUNDARIES OF A COMMUNITY INFRASTRUCTURE DISTRICT.” Further, the notice shall set forth such other notifications as determined appropriate by the district board that shall fully and fairly disclose the property owner's general obligation bond and special assessment repayment liability with examples provided.