HomeMy WebLinkAbout1960-165 •
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,ORDINANCE NO. 165
AN ORDINANCE of the City Council of the City of Yakima,
Washington, providing for the submission to the
qualified electors of the city at a special election
to be held therein on November 8, 1960, of a proposition
of whether or not the city should issue its unlimited
tax levy general obligation bonds in the principal sum
of $1,140,000 for the purpose of providing funds to
construct a railroad overpass on Lenox Avenue with
necessary approaches and to acquire and install traffic
signals, and declaring an emergency.
WHEREAS, it is deemed necessary and advisable and to the
best interests of the City of Yakima and its residents that the
City construct a four-lane vehicular and pedestrian railroad
overpass on Lenox Avenue together with four-lane paved approaches
extending from South Sixth Street to Broadway Avenue on Lenox
Avenue and on South Sixth Street and Washington Street to 'South
Sixth Street and Lenox Avenue, thence westerly to said overpass,
that it acquire necessary rights-of-way therefor, and that it
111 acquire and install traffic signals at the intersection of
South First Street and Lenox Avenue, and in order to provide
the money for said purposes that it issue and sell its unlimited
tax levy general obligation bonds in the principal sum of $1,140,000;
and
WHEREAS, the Constitution and laws of the State of Washington
provide that the question of whether or not such bonds may be
issued for such purposes must be submitted to the qualified
electors of the city for their ratification or rejection;
NOW, THEREFORE, BE IT ORDAINED by the City of Yakima:
Section 1. It is hereby found and declared that the public
welfare and safety of the people of the City of Yakima require
the city to construct a four-lane vehicular and pedestrian
railroad overpass on Lenox Avenue together with four-lane
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paved approaches extending from South Sixth Street to Broadway
Avenue on Lenox Avenue and on South Sixth Street and Washington
Street to South Sixth Street and Lenox Avenue, thence westerly
411 to said overpass, that it acquire necessary rights-of-way therefor,
and that it acquire and install traffic signals at the intersection
of South First Street and Lenox Avenue, all as more specifically
provided in maps and plans prepared by the City Engineer and
now on file in his office.
Section 2. That for the purpose of providing the money
necessary to acquire, construct, install and make such capital
improvements, the city shall issue and sell its unlimited tax
levy general obligation bonds in the principal sum of $1,140,000.
Said bonds shall bear interest at a rate of not to exceed
6% per annum payable semiannually, and shall mature in from two
to twenty years from date of issue in such amounts as will, as
nearly as practicable, together with the interest thereon, be
met by equal annual tax levies for the payment of the principal
thereof and interest thereon. Both such principal and interest
shall be paid out of annual levies of taxes to be made upon all
the taxable property within the city without limitation as to
rate or amount. The exact date, form, term and maturities of
said bonds shall be as hereafter fixed by ordinance of the city.
Section 3. It is hereby found and declared that an emergency
exists requiring the submission to the qualified electors of the
city of the proposition of whether or not the city should issue
and sell said bonds for such purposes at a special election to
be held therein on November 8, 1960, in conjunction with the
county and state general election to be held on the same date.
The Yakima County Auditor, as ex officio supervisor of
said county and state general election, is hereby requested to
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call and conduct said special election on said date and to submit
to the qualified electors of the city the proposition hereinafter
set forth. The City Clerk is authorized and directed to
certify to the Yakima County Auditor said proposition in the
following form:
PROPOSITION NO. 2
Lenox Avenue Overpass Bonds, $1,140,000
Shall the City of Yakima, to provide funds to
construct a four-lane railroad overpass on Lenox
Avenue, together with approaches extending from
South Sixth Street to Broadway Avenue on Lenox
Avenue, and on South Sixth Street from Washington
Street to Lenox Avenue; to acquire necessary rights-
of-way; and to acquire and install traffic signals
at South First Street and Lenox Avenue, issue general
obligation bonds in the amount of $1,140,000, said
bonds to bear interest at a rate of not to exceed
6%, to mature in from two to twenty years from date,
and to be paid, both principal and interest, out of
annual tax levies to be made without limitation as
to rate or amount, all as more fully provided in
Ordinance No. 165 of the City?
BONDS, YES . . . . . . . .zL/
BONDS, NO
Section 4. For the reason that the statutes of the State
of Washington require that this ordinance become effective and
be certified to the Yakima County Auditor as soon as possible
in order to permit said Auditor to call and conduct the special
election authorized herein, an emergency is hereby declared to
exist, that this ordinance is necessary for the immediate pre-
servation of the public peace, property, health and safety of
the citizens of Yakima, and the same shall be in full force
and effect immediately upon its passage, authentication and
publication as required by law.
ADOPTED BY THE CITY COUNCIL of the City of Yakima, Washington,
by unanimous vote and APPROVED BY THE MAYOR at a regular meeting
thereof held this 5th day of October, 1960.
CITY OF YAKIMA, INGTON
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ATTEST: / By
ayor - p,„_
.ity Clerk
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