HomeMy WebLinkAbout1964-532 • •
ORDINANCE NO
All
AN ORDINANCE providing for the• improvement of certain property by con-
structing 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 ORDAINED BY THE CITY OF YAKIMA:
fLection I. That-certain property in the City of Yakima, Washington,
shall be improved by the construction of necessary mains, fire hydrants,
valves and other appurtenances for the purpose of supplying water for
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• domestic use and fire protection, said improvements to serve the pro- .
perty within the City of Yakima described as follows:
Lots 1 thru 9 inclusive in Larson's Lots No 2;
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111_ Lots 68 thru 74 inclusive and Lots 14, 17 19, 23 24,
25, 78, 79, -82, 83 and 86 in Carriage Hill Addition.'
• Section 2. There is hereby created and established a Local Improve-
.
ment District to be called 'Local Improvement District No..921"which
said district.shall include all of the property described and set forth
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. A portion of the costs and expenses of said improvement,
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 assessable
therefor, as provided by law and as above described, and balance of
the said costs and expenses shall be borne by the City Water Department
in accordance with'Resolution No C-1051. •
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 Clark, 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 spepisi fund to' be called
Loca improvement Fund, District No 921," into which shall be paid
alf,:srums paid on account of the aforementioned special assessments,
in-
cludng all interest and penalties thereon, and, in the the
sale of local improvement bonds by the City, all premiums and interest
on said bonds issued for said improvements,
Seetion_7. Bonds bearing interest at the rate of O. 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 eolleetion 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 41, per annum, inter-
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 may be financed by
the issuance of promissory notes, under the authority of R.C.W. 35.45.150.
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Section B9 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 the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 8th day of
June, 1964e
Ale
Mayor
ATTEST:
z City Clerk
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