HomeMy WebLinkAbout1966-782 ORDINANCE NO.
ORDINANCE providing for the improvementof certain property by con-
structing the necessary mains, fire hydrants, valves and
• other appurtenances for the purpose of supplying water for
domestic use and fire protection; establishing a Local
Improvement District, providing for the method of payment
thereof, and creating a special fund.
BE IT ORDAINED BY THE CITY OF YAKBMA:
Section I. That certain property in the City of Yakima, Washington,
shall be improved by the construction of necessary mains, fire hydrants,
:valves and other appurtenances for the purpose of supplying water for
domestic use and fire protection, said improvements to serve the pro-
perty within the City of Yakima described as follows:
Lots 9 through 24 of Mount Vista Addition.
Section 2. There is hereby created and established a Local Im-
provement District to be called "Local Improvement District No y..S °'
• which said district shall include all of the property described and set
forth .above.
Section 3. The assessments shall be made according to special
benefits 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 improvement, including engineering, inspection, advertising,
publication of notices, and all other expenses incident thereto, shall be
levied and assessed against all of the property legally and properly
assessable therefor as provided by law and as above described.
Section 5. All of the abresaid construction work shall be in
accordance with the plans and specifications, profiles, maps and detailed
• drawings which have been prepared by the City Engineer, filed with the
City Clerk, and which are hereby approved and adopted. 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
0 shall have the power to reject any and all bids.
Section 6. There is hereby created a special fund to be called
"Local Improvement Fund, District No...7142, into which shall be paid
all sums paid on account of the aforementioned special assessments, in-
cluding all interest and penalties thereon, and, in the event of the
sale of local improvement bonds by the City, all premiums and interest
on said bonds issued for said improvements.
Section 7. Bonds bearing interest at the rate of 4% per annum,
payable on or before 12 years from date of issuance, shall be issued in
payment of the costs and expenses of the said improvements, 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
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annual installments, with interest at the rate of 4% per annum, inter-
est 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; provided that, this improvement may be financed
by the issuance of promissory notes, under the authority of R.C.W.
35.45.150.
Section 8. This ordinance is one relating to local improvements or
assessments therefor, and shall become effective immediately upon its pass-
age, approval and publication as provided by law and the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 14th day of
March, 1966.
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ID Mayor
City Clerk
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