HomeMy WebLinkAbout1964-506 ORDMANCE 40.
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, pro-
. viding for the Method 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-
structing a pipe sewer with the necessary wye branches and manholes:
That part of the Northeast quarter of the Southwest quarter
of Section 26, Township 13 North, Range 18, E.W.M., lying
North of the North line of Shannon Homes, according to the
plat thereof recorded in Volume "H" of Plats, page 31,
records of Yakima County, Washington, except for the North
30 feet and the East 30.feet thereof for city streets.
Section 2. There is hereby created a Local Improvement District
to be called "Local Improvement District No, which said diStrict
shali include all of the property adjacent to the above mentioned im-'
provernents Which are subject to assessments, said property being de-
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 construc-
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 Iaw and as above described.
• Section 5. All of the aforesaid construction Work shall be in
accordance with the plans and specifications, maps and detailed
drawings which have been prepared by the City Engineer, filed with the
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City Cierk„ and Which are herey appl an,d'L
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the work necesuwy to be done in connectiron with
• the making el' saltikimpfolleashts shaii be debe and made by contract upon.•
cOmpetitive hids,and the City si . t0e power to reject any and;
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. , 'Section 7. I'Mn is hereby created a apeciai fund, to be eaited
'Local . ;!F.ilpraveiTilent Fund, Distrlet .,,,,,,,;, ihto :which ..shell,. be placed
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aU iwbvrest and penOties thereon, and, i'ln the et the a&o pf .
.,. . . ..,-
locei improverlent.bonds by the.C;ity, aLt premium and'iinterest on said
. • bondsissued for sefid TAMDP'avaTent- /
8onds bearing ihte5t at:the rate of 47 ., annum„
• • payab4e on or betor e 12•years r thia date i4.:1 ShaWbe issmed
in payment,of'tha cestaad expenses of which b0nds
0 sharL be redeemed bytha CoHection of, special' aseeSs!illints to be levied
and assesed upon the property within said distrtlet', payable in ten
annued instatIments wit 1nteest at the rate of za per anpum, .nterest
. payabJe annuaily, undif tho . mo:66 of' payment 'payment by bond S,..' :es de-
fined by the etatutes of the State; of ' and the ordinances . 4 - if
. the eitty of Yaki pro.v that,: this „.i,provelent may be financed by
the, ii•ssUanOe of promissory rote rnold the, authoriLty of 0.CW :36,,45.150.
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. . 0$$0:5AePtS therefor' and shal4 become offectie immetatehf upon its
passage', epproY.47.0, and pub!licatilon as. proYided by. faw ah the CP‘,4 Charter.
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PA:;,SED 5V THE C1TV C•UNCiL,'.Mc.:ined and appriew this 9th d6v of
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