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HomeMy WebLinkAbout1963-469 ..,. ORDINANCE NO. (3.1 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 1. That the following streets shall be improved by grading, ballasting, surfacing with asphaltic concrete, constructing concrete curbs and gutters, together with necessary drainage features: The West half of North 30th Avenue from Lincoln Avenue to a point 630 feet North thereof, and the East half of 30th Ave. . from Lincoln Ave. to Richey Road. et/ South 45th Avenue from Chestnut Street to Walnut Street. . , Drake Drive ' • 411, Queen Avenue from Mead Avenue to King Street. Prasch Avenue from South 12th Avenue to Queen Avenue Englewood Hill Place from North 58th Avenue to a point 250 I f , feet East thereof. • South 38th Avenue from Walnut Street to a point 361 feet South thereof. Section 2, That Walnut Street from South 45th Avenue to South 46th Avenue shall be improved by grading and constructing concrete curb and gutter. Section:3. That the following alleys shall be improved by grading, ballasting and surfacing with asphalt concrete. Alley in Block 410 J. P. Nichol's Capitol Heights Add., Capitol Add. & Nob Hill Add. Alley in Block 420 J. D. Nichol's Capitol Heights Add. and Nob Hill Add -ilk.') • Alley in Block 354 Capitol Addition . Alley in Block 76 Town of North Yaklma now Yakima. Alley in Block 4 Highland Addition , . . . Section 4. That the following streets shall be improved by widen- ing to accommodate on-street parallel parking. South 1st Street from one-half block North of Pacific Avenue to one-half block South of Pacific Avenue. North and South sides of Walnut Street from 5th Avenue to a point 150 feet East thereof. South side of Walnut Street from 5th Avenue to a point 150 feet West thereof. Section 5. There is hereby created a Local Improvement District, to be called "Local Improvement District No. 3 ," 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 6. The assessments shall be made according to special benefits derived from the improvements without regard to the zone and termini method. 4110 Section 7. All costs and expenses in connection with the con- struction of said improvements, including the cost and expense of engineering, inspection, advertising, publication of notices, and all other expenses 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 im- provement. Section 8. 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. Section 9. All of the vork necessary to be done in connection with the making of said improvement shall be done and made by contract -2- upon competitive bids, and the City shall have the power to reject any • and all bids. 4110 Section 10. There is hereby created a special fund, to be called "Local Improvement Fund, District No. pg," 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 11. 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 with interest at the rate of 47 per annum, interest payable annually under the mode of payment "payment by 411 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. Section 12. 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 by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 21st day of . October, 1963. i yor ATTEST: • / ity er -3-