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HomeMy WebLinkAbout1959-027 • ORDINANCE N0.2 AN ORDINANCE providing for the improvement of certain property by grading, ballasting, surfacing with asphaltic concrete and constructing concrete curbs and gutters, together with necessary drainage features, establish- ing a Local Improvement District, providing for the method of payment thereof, and creating a special 110 fund. BE IT ORDAINED BY TEE CITY OF YAKIMA: Section 1. That the following streets shall be improved by grading, ballasting, surfacing with asphaltic concrete and constructing curbs and gutters, together with necessary drainage features: 1. Richey Road from Crescent Drive to North 36ti' Ave. 2. North 37t4 Avenue from Lincoln Avenue to Richey Road. 3. North 36g Avenue from Lincoln Avenue to Richey Road. • Section 2. That the following street shall be improved by grading, ballasting, surfacing with asphaltic concrete, con- structing concrete curb and gutter, • 4.c4- • Lincoln Avenue from North 35 Avenue to a point 230 feet, more or less West of North 40g Avenue. All of said improvements shall be constructed in full accordance with the plans and specifications prepared by the City Engineer and filed with the City Clerk. Section 3. There is hereby created a Local Improvement District, to be called "Local Improvement District No. or N which said district shall include all of the property adjacent to the above-mentioned improvements which are subject to assessments, said property being described above. Section 4. All costs and expenses in connection with the construction of said improvements, including the cost and exuense of engineering, inspection, advertising, publication of notices, and 411 all other expenses incident thereto, shall be levied and assessed upon all the property embraced within said Local Improvement District, in the manner and as provided by the Laws of the State of Washington and the ordinances of the City of Yakima. Except that on Lincoln Avenue, the City t.,...o__ -of—the .745, ...:.■.^,--s-and-shal-1 bear the cost of the paving in excess of a standard 32 foot residential street. • Section 5. All of the aforesaid construction work shall be in accordance with the plans and specifications, profiles, maps and detailed drawings which have been prepared by the City Engineer, filed with the City Clerk, and which are hereby approved and adopted. Section 6. All of the work necessary to be done in con- nection with the making of said improvements shall be done and made by contract upon competitive bids; and the City shall have the power to reject any and all bids. Section 7. There is hereby created a special fund, to be called "Local Improvement Fund District No. /77 " into which shall be placed all sums paid on account of the aforesaid special assessments, including all interest, and penalties thereon; and in the event of the sale of local improvement bonds • by the City, all premium and interest on said bonds issued for said improvement. Section 8. Bonds bearing interest at the rate of ) 5, per annum, payable on or before years from the date of issuance, shall be issued in payment of the costs and expense of said improvement, which bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said district, payable in ten equal annual installments viith interest at the rate of p % per annum, interest payable annually, under the mode of payment "payment by bonds", as defined by the statutes of the State of Washington and the ordinances of the City of Yakima. -2 - Section 9. This ordinance is one relating to local • improvements or assessments therefor, and shall become effective immediately upon its passage, approval and publication as pro- ., vided by law and the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this day of , 1959. . .v.„/ Mayor •ATTEST: • .-- Clerk of the douncii • 410 411 -3-