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HomeMy WebLinkAbout1961-295 F/ - ORDINANCE NO. AN ORDINANCE providing for the improvement of certain property by constructing 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 le That the following property shall be improved by con- structing a pipe sewer with the necessary wye branches and manholes: Lots 1 through 7, inclusive, and Lots 11 through. 16, inclusive, Drakes Addition. 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 is hereby created a Local Improvement District, to be called "Local Improvement District No 47," 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. Sectionl. The assessments shall be made according to special benefits derived from the improvements without regard to the zone and termini method Sectionk, All costs and expenses in connection with the construc- tion of said improvements, including the cost and expense of engineering, inspection, advertising, publication of notices, and all other expenses incident thereto, shall be levied and assessed upon all of the property embraced within said Local Improvement District, in the manner and as 410 provided by the Laws of State of Washington.and the ordinances of the City of Yakima; and said City shall not be liable, in any manner for any portion of said costs and expenses of satd improvement© • -1- • • Section 5. All of the aforesaid construction work shall be in • accordance with the plans and specifications, profiles, maps and de- tailed drawings which have been prepared by the City Engineer, filed with the City Clerk, and which are hereby approved and adopted. Section 6. Al]. 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 .4 44," into which shall be placd 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 the City, all premium and interest on said bonds issued for said improvement. Il l Section Eh Bonds bearing interest at .the rate of per annum, payable on or before /27 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 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 law and the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 6th day of 410 November, 1961. ATTEST: /1 1 11W 'eget 4 - . -2-