HomeMy WebLinkAbout1964-597 . .
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ORDINANCE NO
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410\ AN ORDINANCE providing for the improvement of certain property by .
grading, ballasting, surfacing with asphaltic concrete,
constructing concrete curbs and gutters, together 'with
necessary drainage features; establishing a Local IMprove-
merit District, providing for the method of payment thereof,
and creating a special fund.
BE !T ORDAINED BY THE CITY OF YAKIMA: ,
Sectjpn, 1. That the following streets shali be improved by grading,
ballasting, surfacing with asphaltic concrete constructing concrete
curbs and glitters', together with'necessary drainage features
Walnut Street from South 40th Avenue to approximately 264
feet East.
Section 2. There-is hereby created a Local improvement District,
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. to be called "Local improvement District No..,2-- , which said dis-
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tract shall include al i of the property adjacent to the above mentioned
- III improvements which are subject to assessments, said property being
described above.
Section 3. The assessments shall be made according to special
benefits derived from the improvements without regard to the zone and
termir0 method.
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Section 4. All costs and expenses in connection with the con-
Struction of said improvements, including the cost and expense of
engineering, inspection, advertising, publication of notices, and all
other expenses incident thereto, shall by levied and assessed upon all
of the property embraced within said Local Improvement District, in
the manner and as provided by the Laws of the State of Washington and
ft _ the ordinances of the City of Yakima, and said City shall not be liable .
in any manner for any portion of said costs and expenses of said im-
provement.
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. Section5. All of the aforesaid construction work shall be in
accordance with the plans and specifications, profiles, maps and de-
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tailed drawings which have been 'prepared by the City Engineer, fiJed .
with the City Clerk, and which are hereby approved and adopted.
Section 6. All of the work necessary to be done in connection
with the making-of said improvement 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)1 % al ._ , into which sh I be
placed all sum s paid on account of the aforesaid special assessments,
including all interest and penalties thereon, and in the event of the
sale of locai improvement bonds by the City, all premium and interest
III on said bonds issued for said improvement. .
Section 8. Bonds bearing interest at the rate of 410 per annum,
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payable or before 12 years from the date of issuance, shall be
issued in payment of the costs and expense of said improvement, which
bonds shalr 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 with interest atthe rate of 16 per
annum, interest Payable annually under themode of payment "payment by
bonds", as defined by y statutes of the State of Washington and the
ordinances of the City of Yakima; provided that this improvement may
• be financed by the issuance of promissory notes, under the authority
i of R,C.W. 35.45.150,
Section 9. This ordinance is one relating to local improvements
or assessments therefor, and shall become effective immediately upon
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0 its passage, approval and publication as provided by law and by the
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City Charter.
PASSED !3Y THE CITY COUNCIL, signed and approved this 7th day of
December, 1964,
OP, .
Mayor
ATTEST:
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City -Clerk