HomeMy WebLinkAbout1961-278 ORDINANCE NO 427.4K .�m
AN ORDINANCE providing for the improvement of certain property by grading,
ballasting and constructing concrete curbs and gutters, to-
gether with necessary drainage .features; establishing a
Local Improvement District, providing for the method of pay-
ment thereof, and creating a special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. That the following streets shall be improved by grading,
ballasting and constructing concrete curbs and gutters, together with
necessary drainage features:
. West half of Pleasant Avenue from Mead Avenue to King
Street
2. Queen Avenue from read Avenue to King Street.
3. North half of King Street from 12th Avenue to Pleasant
Avenue.
Section 2. There is hereby created a Local Improvement District, to
be called "Local Improvement District No. $96 which said district shall
include all of the property adjacent to the above - mentioned improvements
which are subject to assessments, said property being described above.
• Section 3. The assessments shall be made according to special benem
fits derived from the improvements without regard to the zone and termini
method
Section l 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
provided by the Laws of the 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 said improvement
Section 5. All of the aforesaid construction work shall be in
accordance with the plans and specifications, profiles, reaps and detail-
ed 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 paprer to reject any and all
bids.
Section 7. There is hereby created a special fund, to be called
"Local Improvement Fund District Noe $96n into which shall be placed all
sums paid on account of the aforesaid speeThl assessments, including all
interest, and penalties thereon, and in the event of the sale of local
improvement bonds by the C.jty, all premium and interest on said bonds issued
for said improvement.
Section EL Bonds bearing interest at the rate of 4% per annum,
payable on or before 12 years from date of issuance, shell be issued in
payment of the costs and expenses 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 thepAe 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 i.s one relating to local improvements
or assessments then.ifor, and shall become effective irmedia.tely upon its
passage, approval and publication as provided by law and the City Charter.
. PASSED BY THE CITY COUNCIL, signed and approved this 30th day of
August, 1961,
•
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• wR.A•x■maewg•i■e.,■•
Mayor
ATTEST:
'ity Clerk