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HomeMy WebLinkAbout1962-359 ORDINANCE NO. lik AN ORDINANCE providing for the improvement of certain property by con- structing a pipe sewer with the necessary wye branches and manholes; 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 I. That the following property shall be improved con- structing a pipe sewer with the necessary wye branches and manhole Lots 23 through 32, Block 1, Flagg Addition; • Lots 11 through 15, Block 2, Flagg Addition; and The route of the proposed sanitary sewer shall be parallel and approximately 148 feet North of Lincoln Avenue. Beginning at the existing sanitary sewer 140 feet East of North 32nd Avenue and running West to North 35th Avenue. All of said improvements shall be constructed in full accordance with the plans and specifications prepared by the City Engineer and filed with the City Clerk. • Section 2. There io hereby created a Local Improvement District, to be called "Local Improvement District NOq which Said district shall include all of the property adjacent to the above-mentioned im- provements which are subject to assessments, said property being described 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 the engineering, inspection, adver- tising, 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 the laws and as .above • 411 described, except a proportional cost of the sewer lateral shall be paid by the Water-Sewer Fund of the City of Yakima. -1- Section 5. All of the aforesaid construction work shall be in accordance with the plans and specifications, profiles, maps and de- ll / tailed 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 improvement 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.;& 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. 411 Section 8. Bonds bearing interest at the rate of per annum, 11Z. payable on or before 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 . 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. 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 lawand the City Chapter. PASSED BY THE CITY COUNCIL, signed and approved this 25th day of June, 1962. ATTEST: 11 49/ e' .,A20eH _ dO / / aerk -2-