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HomeMy WebLinkAbout1961-263 ORDINANCE WO. III AN ORDINANCE providing for the improvement of certain property by grading 1allasting surfacing with asphaltic concrte constructing concrete curbs and gutters together with necessary drainage features; establishing a Local Improvement D1striot pro. viding for the method of payment thereof and creating a special fund. BE IT ORDIINED BY THE CITY OF YAKIMA: Section 1, That the following streets shall be, improved by grading. ballasting suefacing with asphaltic concrete and constructing conerte curbs and gutters together with necessary drainage featurt:el 1. Weeover Drive from Chisholm Trail to West Walnut Avenue. 2. Worth half of West Walnut =1;(from Westover Drive to 90 rest East of Frances Avenue. 3. North 45th Avenue from Englewood Avenue to a point 320 • feet more or less outh of Englewood Avenue. 4. Hager Avenue. Section g. That the following alleys shall be improved by grading ballasting and surfacing with asphaltic concrete: 1. Alley in Block 292 Capitol Addition. 2. Alley in the South half of Block 330 Capitol Addition. Sect1n3 All of said improvements shall be constructed in full accordance with the plans ard specifications prepared by the City Engi- neer and filed with the City Clerk. Section 4. There is hereby created a Local Improvement District to be called "Local Improvement District No® " which said die- q2— trict shall include all of the property adjacent to the above-mentioned improvements which are subject to assessments, said property being • described above. Section 5. The assessments shall be made according to 4pec1al bene- -1. fits derived from the improvements without regard to the one and termini method. • Section 6. All coots and expenses in connection with the construc- tion of said improvements, including the cost and expense of tngineering 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 t 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 improvements. Section 7. All of the aforesaid construction work shall be in accordance with the plans and specifications, profiles, maps and detailed drrwings which have been prepared by the City Engineer, filed with the City Clerk, and which are hereby approved and adopted. • Section 8, All of the work necessary to be done in connection-with the making of said improvements shall be done and made by contract upon competitive bids, and the City shall have the power to reject any and all bide. Section 9. There is hereby created a specira fund, to be called "Local Improvement Fund District No Ir into which shall be placed all sums Paid on account of the aforesaid special assessments, including all interest and penal 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. 10. Bonds bearing interest at the rate of . 7% per annum payable on or before / 'Vyears from the date of issuance shall be issued in payment of the costs and expenses of said improvementig, which bonds shall be redeemed by the collection of special assessments to be levied and asseesed upon the property within said district, payable in -2- ) '. . ten equal annual installments with interest at the rate of 4L per • annum", interest payable annually under the mode of payment "payment by bonds "„ as defined by the statutes of the State of Washington and thy- ordinances of the City of Yakima© Section 110 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 by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 12th day of July. 1961e GI -. a r • ATTEST: ' y er III