HomeMy WebLinkAbout1964-577 •
ORDINANCE NO
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
Im-
provement District, providing for the method of payment
thereof, and creating a special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That the following streets shall be improved by grading,
ballasting, surfacing with asphaltic concrete, constructing concrete
curbs and gutters, together with necessary drainage features:
Walnut Street from Westover Drive to the West boundary line
of Chisholm Trail;
Chisholm Trail and Bell Avenue from Walnut Street to the
West Line of L. K. Buchanan Addition;
• North 52nd Avenue from Englewood Avenue to Madera Way;
Carriage Hill Drive from Conestoga Boulevard to the North- /
east line of. Lot 14 of Carriage Hill;
Surrey Lane from Carriage Hill Drive to North Nob Hill.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 929", which said district
shall include al; of the property adjacent to the above-mentioned •
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 retard to the zone and
termini method.
ID • Section 4. All costs and expenses in connection with the con-
struction of said improvements, including the cost and expense of
engineering, inspecti advertising, publication of notices, and all
other expenses incident theretO, shall be 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
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.
Section 5 All of the aforesaid construction work shall be in
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.
Section 6. A1.1 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.
411 and all bids.
•Section There is hereby created a special fund, to be called
"Local improvement Fund, District No. 929", 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.
Section6. Bonds bearing interest at the rate of 4% per annum, •
payable on or before 12 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 with interest at the rate of 4% per
annum, interest payable annually under the mode of payment "payment by
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. bonds", as defined by the statutes of the State of Washington and the
ordinances of the City of Yakjma; provided that, this improvement may
be financed by the issuance of promissory notes, under the authority
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
its passage, approval and publication as provided by law and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 19th day of
October, 1964.
IIP
Mayor 66'1"-e4L-
•
4 0111r
ATTEST:
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-- 4r
/ City Clerk
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