HomeMy WebLinkAbout1962-395 •
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ALO BY OFtt51 ORDINANCE NO. .?
. kN ORDINUCE providing for the improvement of certain property by con-
structing the necessary mains, fire hydrants, valves and
other appurtenances for the purpose of eupplying 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 ORDLINED BY THE CITY OF YAKIMA:
Section 1. That certain property in the City of Yaima, Wash-
ington, 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 improvement9to serve
the property decribed as follows:
Lots 7 through 29, inclusive and Lots 31 through 38
inclusive, Edgecliff Manor.
Lots 4 through 9, inclusive, 40th.Avenue Addition. • •.
111. The West Half of the North Half of the Northeast Quarter
of the Northeast Quarter of the Northeast Quarter of
Section 13, Township 13 North, Range 18, E.W.M., lying •
.East of Lhe right-of-way line of Primary State Highway
No. 3
Section 2. There is hereby created and established a Local im-
:Jrovement District to be called "Local Improvement District No 2p
which said. district shall inolude all of the property described and
set forth above, .
Section 3, The assessments shall be made according to special
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benefits derived from the improvements without regard to the zone and
termini method.
Section 4. .A portion :f costs and expenses of said improvement
including engineering, inspection, advertising, publication of notices,
if any,. and all other expenes incident thereto, shall be levied and
assessed against all Of the property legally and properly assessable
• therefor, as provided by lEw and as above described, and the balance
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of the said costs and expenses shall be borne by the City Mater Depart-
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II I ment in accordance with Resolution No C-1051,
Section All of the work necessary to be done in connection
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with the making of said improvement shall be done by the City of Yakima.
Section 6. There is hereby created a special fund to be called
"Local Improvement Fund, District No "S into which shall be paid
all sums paid on account of the aforementioned special assessments,
including all interest and penalties thereon and in the event of
the sale of local improvement bonds by this City all premiums and
interest on said bonds issued for said improvement.
Section 7. Bonds bearing interest at the rate of 45 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 improvement, which
bonds shall be redeemed by the collection of special assessments to
II I be levied and assessed upon the property within said district, payable
in ten annual instailments with interest at the rate of 45 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.
35.45.150. • ,
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Sectio This ordinane is one relating to local improvements
or assessments therefor, and shall beooMe effective immediately upon
its passage, approval and publication ap provided by the City Charter,
PASSED BY THE CITY COUNCTL, signed and approved this 26th day of
November, 1962.
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.P.TTESTg
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Mayor
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