HomeMy WebLinkAbout1965-634 ORDINANCE NO :3
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AN ORDINANCE providing for the improvement of certajn 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 YAKilVIA:
Section_1„ That certain property in the City of Yakima, Washing-
ton, shall be 'improved by the construction of necessary mains, fire
hydrants, valyes 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:
All lots in Blossom Hill Addition.
Section 2. There is hereby created and established a Local
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provement District to be cai led 'Local improvement District No.2.2L.
which said district shal include all of the property described and
set forth above.
c)ecti,on_3 The assessments shall be made according to special
benefits derived from the improvements without regard to the zone and
termini method.
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 alt of the property legally and properly
assesscIble therefor, as provided by,law and as above described, and
411 the balance of the said costs and expenses shali be borne by the City
Water Department in accordance with Resolution No C-1051.
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Section 5. All of the aforesaid construction work shall be in
accordance with the plans andspecifications, profiles, maps dhd de-
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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,
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and the City Shall have the power to reject any and all bids.
Section 6, There is hereby created a fund to be called
?A ''. into which '
"Local Improvement Fund, District No.1 - :-- , into Ich• shall be paid
all sums paid on account of the aforementioned special assessments, in-
cluding all interest, and penalties thereon, and,' in the event of the
sale of local improvement. bonds by the City, all premiums and interest
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on said bonds issued for said improvements,
III Section7. Bonds bearing interest at the rate of 411, per annum,
payable on or before 12 years from date of issuance, Alai! be issued in
payment of the costs and expenses of the said improvemewts, 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 41,„ 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
of the tity of Yakima; provided that,, this improvement may be financed
bythP issuance of promissory notes, under the authority of R.C.W.
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• 35.45.150.
II Section 8. This ordinance is one relating to local improvutents
or assessments therefor, and shall become effective immediately upon
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its passage, approval and publication as provided by +aw and the City
Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 5th day of
April, 1965.
40'
Mayor
ATTEST:
City Clerk
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