HomeMy WebLinkAbout1964-533 •
.e• ORDINANCE NO.
AN ORDINANCE-providing for the improvement of certain property by con-
., structing a pipe sewer with the necessary wye branches
and manholes; establishing a Local Improvement District,
providing for the of payment thereof, and creating
a special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That the following property shall be improved by con-
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structing a pipe Sewer with the necessary wye branches and manholes:
Lots 1 thru 7 and Lot's 12 thru 18 inclusive in Wallingford
Subdivision; Lots 1 thru 4 inclusive in Anderson's Replat;-
Lots 1 thru 12 inclusive in Morris. Gardens; Lots 1.thru. 9
inclusive in Larson's Lots No. 2; and Lots 14 thru 23 and
Lots 68 thru 86 inclusive, also Lots 64 and 100 in Carriage
Hill.
Section 2. There is hereby created a Local improvement District
to be called "Local Improvement District No 922", which said district
shall include all of the property adjacent to the .above mentioned im-
provements which are subject to assessments, said property being de-
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Scribed 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 construe-
tion of said improvement, including engineering, inspection, advertising,
publication of notices, and all. other expenses incident thereto, shall
be levied and assessed against all of the property legally and properly
assessable therefor as provided by law and as'above described.
Section 5. All of the aforesaid construction work shall be in
accordance with the plans and profiles, maps and detailed.
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 work necessary to be done in connection
with the making of said improvements shall be done and made by contract
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upon competitive bids, and the City shall have the poWer to reject
. any and all bids.
Section 7. There is hereby created a spedial fund, to be called
"Local Improvement Fund, District .No. 922, 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 8. Bons 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 expenses of 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
equal antual installments with 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 .ordinances
of the City -of Yakima; provided, that this 'improvement may be financed
by the issuance of promissory notes under the authority of R.C.W.
3545A..50.
Section 9. This ordinance is one relating to local imprcvements or
assessments therefor and shall become effective immediately upon its
passage, approval and publication as provided by law and the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 15th day of
June, 1964.
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