HomeMy WebLinkAbout1964-489 ORDINANCE NO. .4z_rr
• AN ORDNANCE 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 fT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That certain property in the City of Yakima, Washing-
,
ton, shall be improved by the construction of necessary mains, fire
hydrants, valves and other appurtenances for the purpose of supplying
water for domestic use and fire protection, said improvements to serve
the property described as follows:
Lots 26 thru 32 inclusive Mount Vista Addition
Lots 38 thru 44 inclusive Mount Vista Addition
III Section 2. There is hereby created and established a Local Improve-
ment District to be called "Local Improvement District No
. / .(_ ," which
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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 improvemen\t,
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 the balance of
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the said costs and expenses shall be borne by the City Water Department
in accordance with Resolution No. C-I051.
411 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 Clerk, 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 pecial fund to be called
"Local Improvement Fund, District No. _14," into which shall be paid
all sums Paid on account of the aforementioned special assessments, in-
cluding all interest and penalties thereon, and, in the event of the
sale of local improvement bonds by the City, all premiums and interest
III on said bonds issued for said improvements.
Section 7. Bonds bearing interest at the rate of 4% 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 collection 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 4csi. per annum, inter-
est payable annually under the mode of payment "payment by bonds," as
defined by the statutes of the State of Washineton 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.
0 35.45.150.
Section 8. This ordinance is one relating to local improvements or
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• assessments therefor and shalt become effective immediately upon its
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passage, approval and publication as provided by law and the City
Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 6th day of
January, 1964.
1
Mayor
ATTEST:
i
ACity Clerk
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