HomeMy WebLinkAbout1966-773 ORDINANCE NO _773 _
AN ORDNANCE providing for the improvement of certain property by con-
e structing a pipe sewer with the necessary wye branches
and manholes; establishing a Local improvement District,
providing for the method of payment thereof, and creating
a special fund.
BE IT ORDAINED BY THE C/TY OF YAKIMA!
Section I. That the followi'ng property shall be knoroved by con-
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structing a pipe sewer with the necessary wye branches and manholes:
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A/1 lots in Fairbrook Addition.
Lots 1 through 8 inclusive, Block 2, WashinfrAvenue Addition.
Lots 0, 9, ;0, Chandler Addition.
Ail lots in Rasmussen Addition.
East half of Lots 9 and 10, Ali of Lot 11, Coons e State
Addition.
2. There is hereby crcated a Local Improvement District
to be called "Local improvement District No..,15 which said
trict shall include all of the property adjacent to the above mentioned
0 improvements which are subject to assessments, said property being de-
scribed above.
Section 3. The assessments shall be made accordino to special
benefits derived from the improvements without regard to the zone and
termini method,
Section 4. costs and expenses in connection with the construc-
tion of said improvement, including engineering, inspection, advertising,
pub/ication of notices, and ail other expenses incident thereto, shall
be levied and assessed aganst all of the property legally and properly
assessable therefor as provided by law and as above described.
Sectjon,...,5. All of tile aforesaid 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 Llith the
City Clerk, and which are hereby approved and adopted.
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".." A of the work necessary to be done in connection with
the making of said •improvements shall b done and made by contract upon
4IM
. comPetitive bids, and the City shall 11 the power to 'reject any and
ail bids.
Sectio. 7.• There is herby created a special fund, to be calied
'local 1mprovement Fund, District No,12r.D"i°into which. shall be pced
all sums paid on account of the aforesaid sfoeclat assessments,' iTicluding
all 'interest and penalties thereon, and, in the event of the sale of •
local improvement bonds by the City, all per and interest on said
bonds. Issued for said improvement.
:aectipp8... Bonds bearing interest at the rate of 4 per annum,
payable on or before 12 years froM the date of issuance, shall be issued
in payment of the costs and ewenses of said improvements, which bonds
shalt be redeemed by the collectIon Of special assessments to be levied
. and assessed upon the property within said district, payable in ten equal
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annual installments with interest at the rate of 4 per annum, interest
payable annually, under the mode of paymeyt "payment by bonds," as d&
fined by the statutes- of the State of Washinoton 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
Section 04 This ordinance is one relating. to local improvements
or assessments therefor and shaft betome effective immediately upon 1tS
passage, approval and publication as provided by taw and the City Charter.
PASSED BY THE CITY COUNCIL, sioned and- approved this 21st day of
Fp 1966.
410
' ATTEST:'
• -0 ..4.--- - ,e,..1.4...-z.-e-t.
Mayor
.-7YZAd,i--0 .. ' •
• City Clerk
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