HomeMy WebLinkAbout1965-708 ORDiNANCE NO.
AN ORDNANCE providing for the improvement of •certain property by
111 grading, ballasting, surfacing with asphaltic concrete,
. constructing concretecurbs 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 I. That the following streets shall be improved by grading,
ballasting, surfacing with asphaltic concrete, constructing concrete
curbs and gutters, together with necessary drainage features:
The west half of South 22nd Avenue from West Viola Avenue •
to approximately 620 feet north.
Secti,on There is hereby created a Local Improvement District,
to be called "Local Improvement District No.4412, which said dis-
trict shall include all of the property adjacent to the above mentioned
111 improvements which are subject to assessments, said property being
described 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 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
411 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.
Section_5. All of the aibresaid construction work shall be in
accordance with the Plane and specificatioee, 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 ali bids.
Section_ 7. Therm is hereby created a special fund, to be called
"Local hmprovement Fund, District No.7, into which shall be
placed all sun S paid on account of the aforesaid special assessments,
Including ail interest and penalties thereon, and in the event of the
sale of local improvement bonds by the City, all premium and interest
11 1 on said bonds issued for said improvement.
Section 8. Bonds bearing interest at the rate of 47 per annum,
payable on or before 12 years from the date of Issuance, shall be,
issued in payment of the cost and expense of said improvement, which
bonds shell 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 4 per
annum, interest payable annually undee 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
40 of R.C.W. 35.45.150,
Sectio119. This ordinance is one relating to locai improvements
or assessments therefor, and shall become effective immediately upon
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its passage, app :ov& e and publication as provided by taw and by the
411 n
1,,ity Charter.
PASSED BY THE CITY COUNCIL, s gn d and approved this 20th day of
September, 1965.
!`e el f _ ,
iayor •
ATTEST:
City Clerk
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