HomeMy WebLinkAbout1964-596 ORDINANCE NO.
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•. AN ORDINANCE,providing for the improvement of certain property by
constructing the necessary mains, fire hydrants, valves
and other appurtenances for the purpose of supplying
water for domestic use and fire protection; establishing
a Local Improvement District, providing for the method
of payment thereof, and creating a special fund.
BE IT ORDAtNED BY THE CITY OF YAKIMA: •
Section to That certain property in the City of Yakima, Washing-
ton, shall be improved by the construction of necessary mains, fire
hydrants, valves and other appurtenances for the purpose of supplying
water for domestic use and_fire protection, said improvements to •
serve the property within the City of Yakima described as follows:
Lot 19 and the East 197.25 feet of Lot 20, Suburban Acre Homes
Lots 7 and 8, Stone's Addition® •
Section 2. There is hereby created and established a Local Im-
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provement Distri'ct to be called "Local Improvement District No.
which said district shall include all of the property describetand
set forth above.
Sectjoh 3 The assessments shall be made according to special
benefits derived from the improvements without regard to the zone and
termini method.
Section 4 A portion of the costs and expenses of said imp-ove-
ment, including engineering, inspection, advertising, publication of
notices, if any, and all other expenses incident thereto, shall be
levied and'assessed against all of the property legally and properly
11, assessable therefor, as provided by law and as above described, and
the balance of the said costs and expenses shall. be borne by the City
Water Department in accordance with Resolution No® C-10510
Section 5. All of the aforesaid construction work shall be in
ilk accordance with the plans and specifications, profiles, maps and de-
tailed drawings which have been prepared by the City Engineer, filed
with the City Clerk, and which are hereby approved and adopted. All
of the work necessary to be done in connection 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 6. There is hereby created a special fund to be called
"Local Improvement Fund, District No. 7 into which shall be paid
all sums paid on account of the aforementioned special assessments, in-
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cluding all interest and penalties thereon, and, in the event of the
sale of local improvement bonds by the City, all premiums and interest
on said bonds issued for said improvements.
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Section 7. Bonds bearing interest at the rate of 41, per annum,
payable on or before 12 years from date of issuance, shall be issued in
payment of the costs and expenses of the said improvements, 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
annual installments, with interest at the rate of 47. per annum, inter-
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est 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; provided that, this improvement be financed
by the issuance of promissory notes, under the authority of R.C.W.
35.45.150.
410 Section_8. This ordinance is one relating to local improvements
or assessments theefor, and shall become effective immediately upon
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0 its passage, approval and publication as provided by law and the City
Charter,.
PASSED BY THE CITY COLINCIL- signed and approved this 7th day of .
December, I964.'
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ATTEST: ,
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