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HomeMy WebLinkAbout1961-272 ;;-..:,wc.., -- - -- 0 !I C ; -,.«. - ,:sllb ',.■ 0 41 ' . A: f AT ORD•11. provj deina fer tKe improvement of certain 4 ..0 gratline, ballaetina surfaeing with asphaltic coli;e`e ieet conetructing eoncrete curbe and cutters 9 togethe neceesary drainare feature; establi shine: a Local- —e7 :if. prevenient Dietrict, providing for the M et ho ci. of payment ,` 77 1 thereof, and creatine a epeeial fund, B IT ORDAIM BY TIT CITY OF Ye)KIlviAt Section 1. That the following streets shall be improved by grading, ballakting„ surfacing with asphaltic concrete, constructing concrte curbs and gutters, together with necessary drainage featuresg 1 South 44t Avenue From Tieton Drive t'o No Hill BlvdL, 2Q South Half of Arlington Street from 655 feet East of So:th 40 Avenue to 615 feet West of South 401 Avamue, S:4ction,2, There is hereby created a Local Improvement District, 0 to be called "Local Improvement Dietriot To 4bv whieh =Aid district eball include all of the property adjacent to the above—mention.d improvements which are subject to assessments, said property beiliz described above, Section 'N. The assessments shall be made according to qweial benefits derived from the improvements without regard to the zone and termini method_ Section 4Q All costs and expenses in connection with the con— struction 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 410 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 im— provement. , Y *.• ,.**';;;,',..-*.:.., • .. , .. • '7_,. :, , , . , 4. , Section 5, All of the aforesaid construction work shall _ II/ accordance with the plans and specifications, profileS'ma. ' - 4b . , tailed drawings which have been prepared by the City Eng1ne0. It t with the City Clerk, and which are hereby approved and adopte'Vy;., . , Section_6. All of the work necessary to be done in connection t110 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 bide. Section 7. There is hereby created a special fund 2 to be called "Local Improvement Fund District lio4.5:" 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, II/ §e-t1071 p. Bonds bearing interest at the rate of f6 per annum payable on or before 4 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 coon the poperty within said district, payable in —/ ten equa2 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. otion9. This ordinance is one relating to local improvements or assessments therefor, and shall become effective immediately upon it passage, approval and publication as provided by law and the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 2nd day of 411 August, EST: ." 1961. c::99 co,__, 0 / ATT ---- = --------