HomeMy WebLinkAbout1964-552 ORDINANCE NO
411 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 . special fund.
BE iT ORDAINED BY THE CITY OF YAKfMA
Section_l. That the following streets shall be improved by grading,
ballasting, surfacing uith asphaltic concrete, constructing concrete
curbs and gutters, together with necessary drainage features:
• The South If of Richey Road from 29th Avenue to 30th Avenue.
Section 2. There is hereby created a Local Improvement District,
to be called "Local improvement District No. 927', which said district
shall include all of the property adjacent to the above-mentioned
0 improvements which are subject to assessments, said property being
described above.
Sectjpp 3. The assessments shall be made according to special
benefits derived from the improvements without regard to the one and
termini method.
Secti2n2l. Al! 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 be levied and assessed upon all
of the property embraced k,-ithin said Local Improvement District, in
the manner and as provided by thc, Laws of the State of Washington and
the ordinances of the City of Yakima, and said City snail not be liable
in any manner For any portion o sa;d costs end expenses of said im-
provement.
Section 5 All of the aforesaid oonstruction work shall be in
III 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. All of the v:ork necessary to be done in connection
with the making of said Improvement shait 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 927', •into which shall be placed
a/1 sums paid on account of the aforesaid special assessments, including
all interest and penalties thereon, and in the event of the •sale of
111 local improvemenz bonds by the City, all premium and interest on said
bonds issued for said improvement.
Section 8. Bonds bearing interest at the rate of 4 per annum,
tras,c•IsJvaroza.caa•.me.7.-Or..
payabie on or before 12 years from the date of issuance, shall be
in payment of the costs and empense 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 41,, per
annum, interest payable annualiy 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 may
be financed by the issuance of promissory notes under the authority
441 of R.C.W. 35.45.I50.
Section 9. This ordinance is one retating to local improvements
or assessments therefor, and shall become ofFective immediately upon
. .
its passage approya0 and publication as provided by law and by the •
City Chrter . •
1111 .
PASSED BY THE CtTY COUNCIL, signed and approved this iOth day of
August,
4, ....e
....a./RAF . .
i .
Mayor
ATTEST:
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7 / City Clerk
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