HomeMy WebLinkAbout1963-409 ORDINANCE NO. _ . c
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AN ORDINANCE providing for the imnr. overnent 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 creatiru? a special fund,
RE IT O°.DATN} p BY rd ~F1 CITY OF YAKT A:
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 ► or the purpose of supplying
water for domestic use and fire protection; said improvements to serve
the property described as follows
Lots 1 through 1..1, inclusive, horizon Heights; and
Lot 3O Edgecliff ri`'.anor0
Section 2,> There is hereby created and established a Local Irna
provement District to be called "Local Improvement District No. • ,"
which said district shall include all of the property described and
set forth above.
Section 3n The assessments shall be made according to special
benefits derived from the improvements .without regard to the zone and
• termini. method.
Sect ion 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(ee cc'rdance with Resolution No. C. ?O51.,
Section 5, All of the aforesaid construction work shall be in
accordance with the plans and specifications, profiles, reaps and de-
tailed drawings which have been prepared by the City Engineer, filed
with the City Clerk, and which are hereby anproved and adopted® All
of the work necessary to he done . in connection with the making of said
improvements shall he done and made by contract upon competitive bids,
and the City shall have the cower to reject any and all bids..
• Section 6, There is hereby created a special fund to he called
"Local. Inmrovement Fund, y _ District No. in into which shall be ® 7 i tt t
• all sums paid on account of the aforementioned special assessments,
including ell interest and penalties thereon, and in the event of the
sale of local improvement bonds by the City, all premil,uns and interest
on said beads iw4ed, ?'off° said improvements.
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Section7 Bonds bearing interest at, the rate of 4% per annum
Alk payable on or before 12 years from date of issuance, shall be issued
1111,
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 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 issuance of promissory notes, under the authority of R.C.W.
35,4$,150
Section 8, This ordinance is one relating to local improvements
or assessments therefor, and shall become effective imeediately upon
its Passage, approval and publication as provided by law and the City
Charter,
PAr'SED FY THF CITY COUNCIL, signed and approved this 7th day of
January, 1963,
It 4"
40 . — Mayor —
ATTEST:
/ PCTty Clerk
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