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HomeMy WebLinkAbout1965-637 ORDINANCE NO 63,7 AN ORDINANCE 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 CITY OF YAKIMA: Section 1. That the following property shall be improved by con- structing a pipe sewer with the necessary wye branches and manholes: Blossom Hill Addition Beginning at the intersection of the East right of way line of South 16th Avenue and extended South boundary line of Mead Addition according to plat theeeof recorded •in Volume "K" of plats, page 34, records of Yakima County, Washington; thence West, along the extended South boundary line and South boundary line of said Mead Addition to the East right of way line of South 18th Avenue; thence North, along the East right of way line • of South 18th Avenue, to the center line of King Street; thence East, along the center line of King Street, to the East right of way line of South 16th Avenue; thence South, along the East right of way line of South 16th Avenue, to the point of beginning. The East 263.13 feet of the West 293.13 feet of the Northeast Quarter of the Northeast Quarter of the Northwest Quarter of Section 21, Township 13 North, Range 18, E.W.M., in the City of Yakima, Yakima County, Washington, except the North 381.7 feet and except the East 131.18 feet. The South 425 feet of the East half of the Southeast Quarter of the Southeast Quarter of the Southeast Quarter of Section 21, Township 13 North, Range 18, E.W.M., in the City of Yakima, Yakima County, Washington. Section 2. There is hereby created a Local Improvement District to be called "Local Improvement District No. 7 ", which said dis- trict shall include all of the property adjacent to the above mentioned improvements which are subject to assessments, said property being de- . scribed above. 4", 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 5m All of the 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 with the City Clerk, and which are hereby approved and adopted. Section 66. All of thecork 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 7s There is hereby created a special fund, to be called "Local Improvement Fund, District Nom ", 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 improvements Section 8. .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 expenses of 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 equal -2- annual installments with interest at the rate of 470 per annum, interest payable annually, under the mode of payment "payment by bonds", as de- ll fined 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 9. 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 Char- ter. PASSED BY THE CITY COUNCIL, signed and approved this 12th day of April, 1965. Mayor ATTEST: // City Clerk ..3_