HomeMy WebLinkAbout1964-548 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 I. That the following streets shall be improved by grading
ballasting surfacing with asphaltic concrete, constructing concrete
curbs and gutters, together with necessary drainage features:
North 46th Avenue from Englewood Avenue to approximately
700 feet North.
South 45th Avenue from Walnut Street to Teton Drive.
"K" Street from 4th Street to 6th Street.
Walnut Street from Glen Drive to 39th Avenue,
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 925", 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 3. The assessments shall be made according to special
benefits derived from the improvements without regard to the zone and
termini method.
Section 4. All costs and expenses in connection with the construc-
tion of said improvements, including the cost and expense of engineeriihg,
inspection, advertising, publication of notices, and all other expensis'
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 improvement.
Section 5. All of the aforesaid construction work shall be in
411 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 , hich 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. 925", 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 84 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 , ith Interest at the rate of 4% 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 ordi-
nances of the City of Yakima; provided that, this improvement may be
financed by the issuance of promissory notes, under the authority of
III R.C.W. 35.45.150.
-2-
Section 9m This ordinance is one relating to local amprov . ents
or assessments therefor, and shall b come effective immediately upon
its passage, approval and publication as provided by Paw and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 3rd day of
August, 1964.
IP
•00' Mayor
ATTEST:
/ City Clerk
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