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HomeMy WebLinkAbout1961-264 ORDINANCE NO. 0 AN ORDINANCE providing for the improvement of certain property by grading, ballasting, surfacing with asphaltic concrete, constructing concrete curbs and gutters, together with necessary drainage features; establishing a Local Improve- ment District, providing for the method of payment 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, surfacing with asphaltic concrete, constructingconcrete curbs and gutters, together with necessary drainage features: 1. The South Half of Douglas Drive from 42nd Avenue to 44th Avenue. 2. North Naches Avenue from "K" Street to a point 305 feet North thereof. Section 2. There is hereby created a Local Improvement District, to be called "Local Improvement District No 9 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 bene- fits 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 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 ordinance 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. -1- Section 5 . Al? of the aforesaid construction work shall be in • accordance with the plans and specif1cations 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. 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. Section7. There is hereby created a special fund to be called "Local Improvement Fund District No i_g4", 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. • Section 8, Bonds bearing interest at the rate of d per annwn 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 A per annum interest payable annualiyp 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 it passage approval and publication as provided by law and the City Charter© PASSED BY THE . CITY COUNCIL signed and approved this 12th day of . July 1961 ATTESTS - e ayor