HomeMy WebLinkAbout1963-468 ORDINANCE NO. <ZY
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:
Section 1. 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
•
domestic use and fire protection, said improvements to serve the proper-
ty described as follows:
Lots 1 through 14 Clift Plat.
The. East 3 acres of the Northwest Quarter, of the South-
west Quarter. of the Southeast Quarter, Section 22,
Township 13 North, Range 18, E.W.M. except the North •
270 feet and the South 25 feet.
Section 2. There is hereby created and established a Local ImproVe-
• ment District to be called "Local Improvement District No.77,," which •
• said district shall include all of the property described and set forth
• above.
Section 3. The assessments shall be made according to special ipene-
,
. fits derived from the improvements without regard to the zone and termini
method. • •
Seciion 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 the balance of
the said costs and expenses shall be borne by the City Water Department
in accordance with Resolution No. C-.1051.
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Section 5. All of the aforesaid construction work shall be in
accordance With the plans and specifications, profiles, maps and detailed
0 drawings which have been prepared•by the City Engineer, filed with the
City Clerk, and which are-hereby 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 special fund to be called
"Local Improvement Fund, District No2T 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 on said
bonds issued for said improvements.
Section 7. Bonds bearing interest at the rate. of 4% per annum, pay-
able on or before 12 years from date of issuance, shall be issued in
0 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 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 issu-
ance of promissory notes, under the authority of RCW 35.45.150.
Section 8. 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 21st day of
October, 1963.
III ATTEST:
11/ /
/ 4 / •
A • r
_ - . . _
/ Mayor
er,
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