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HomeMy WebLinkAbout1965-645 ORDINANCE NO. , • AN ORDINANCE providing for the improvement of certain property by constructing 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 YAKIMA: Section 1. That certain property in the City of Yakima, Wash- ington, 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 property within the City of Yakima described as follows: Lots and tracts which border the following described part of Powerhouse Road: From 150 feet Northwest of the intersection of North 26th Avenue and Powerhouse Road to the intersection of Englewood Avenue and Powerhouse Road; Also Lots 2 and 3 of Englewood Suburban Homes. 111 The West 132 feet of the East 630 feet of that part of the Northeast quarter, Northeast quarter, Northwest quarter, Section 21, Township 13 North, Range 18, E.W.M., lying South of the plat of Edgewood. The Northwest quarter of the Southwest quarter of the Northeast quarter of Section 27, Township 13 North, Range 18, E.W.M., except the East 25 feet and the West 30 feet; also the Southwest quarter of the Northwest quarter of the Northeast quarter of Section 27, Township 13 North, Range 18, E.W.M., except the North 235 feet of the East 175 feet and except roads on the . North and West. (Fisher Park) Section 2. There is hereby created and established a Local Im- provement District to be called "Local Improvement District if 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. r'c Section 4. A portion of the costs and expenses of said improve- ment, including engineering, inspection, advertising, publication of • notices, if any, 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, and the balance of the said costs and expenses shall be borne by the City Water Department in accordance with Resolution No. C -1051. Section 5. A l l of the aforesaid construction work shall be in accordance with the plans and specifications, 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. 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 bids. Section 6. There is hereby created a special fund to be called "Local Improvement Fund, District No. ", into which shall be paid a l l sums paid on account of the aforementioned special assessments, i n - c l u d i n g a I I 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 4o 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 • 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 -2- 40 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 passage, approval and publication as provided by law and the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 10th day • of May, 1965. // Mayor III ATTEST: • /City Clerk 111 -3-