HomeMy WebLinkAbout1963-463 e•
ORDINANCE NO. /4
AN. ORDINANCE providing for the improvement of certain• property by con..
structing a pipe sewer with the necessary wyelsranches 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:
SectionL Illat-the following property shall be improved by con-
structing a pipe sewer with the necessary wye branches and manholes:
Lots 1 through 18, inclusive, Airport Addition No. 1.
Lots 1 through 14, inclusive, Clift Plat,
Lot 1, South 31st Avenue Addition.
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West 145 feet, Lot 24 Phillip Suburban Tracts.
• North 105 feet of West 165 feet of North Half, Southeast Quarter,
Northwest Quarter, Northeast Quarter, Section 27, Township 13
North, Range 18, Except West 21 feet. •
• Section 2. There is hereby created a Local Improvement District to
he
be called "Local Improvement District No. 04/ ," which said district
shall include all of the property adjacent to the above mentioned im-
provements 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 law and as above described.
• • Section 5. All of the aforesaid construction work shall be in. •
accordance with the plans and specifications, profiles, maps and detailed
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drawings which have been prepared by the City Engineer, filed with the
City Clerk, and which are hereby approved and adopted.
Section 6. 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 7. There is hereby created a special fund, to be called
"Local Improvement Fund, District No. 7/1 ," into which shall be placed
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 8. 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 expenses of said improvements, which bonds
shall be redeemed by the collection of special assessments to be levied
III and assessed upon the property within said district, payable in ten.equal
annual installments with interest at the rate of 4% per annum, interest
payable annually, under the mode of payment "payment by bonda," as.de-
fined 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 prcmissOry notes under the authority Of RCW 35.45.150. •
Section 9. 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.
JoAr
PASSED BY THE CITY COUNCIL,, signed and approved: this -29rt day of
September, 1961.
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IIP
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ATTEST:
Mayor
/ City Clerk
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