HomeMy WebLinkAbout1965-659 •
ORDINANCE NO.
•
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
Improvement District, providing for the method of pay-
ment 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, constructing..
concrete curbs and gutters, together with necessary drainage
features:
South 44th Avenue from Tieton Drive to Walnut Street;
Bell Avenue from South 44th Avenue to 299 feet East.
North 58th Avenue from Douglas Drive to 382 feet South.
Section 2. There is hereby created a Local Improvement Dis-
trict, to be called "Local Improvement District No. 941 PP
which said district shall include all of the property adjacent to
the above mentioned improvements which are subject to assessments,
said property being described above.
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Section 3. The assessments shall be made according to special
benefits derived from the improvements wkhout 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
the ordinances of the City of Yakima, and said City shall not be liable
in any manner for any P ortion of said costs and expenses of said im-
provement.
Section 5. All of the aforesaid construction work shall be in
accordance with the plans and specifications, profiles, naps 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.
Section 7. There is hereby created a special fund, to be called
"Local Improvement Fund, District No.122 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.
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Section 8 Bonds bearing interest at the rate of 41. per annum,
ill payable on or before 12 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 4% per
annum, interest 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 promissony notes, under the authority
of R.C.W. 35.45.150., • .
Section,9 This ordinance is one relating to local improvements
or assessments therefor, and shall become effective immediately upon
-110 its passage, approval and publication as provided by law and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved thisday of
74
June, 1965.
or-iv- . ......
M ayor
AIIEST: . .
City Clerk
411 .