HomeMy WebLinkAbout1965-618 ORDINANCE NO.
41 ' AN ORDINANCE providing for the improvement of certain property by con-
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:
Lots 1 through 14 inclusive in Block 1.
Lots 1 through 7 inclusive in Block 4, all in Central
Addition to North Yakima (now Yakima).
Lots 7, 8, 9, 10, 11, 12, 13 and 14 of Philips Suburban
Tracts.
The North half of the Northeast quarter of the Northeast
quarter of the Northeast quarter of Section 13, Township
411 13 North, Range 18, E.W.M., except the West 42 feet for
Street.
The South 155 feet of the Southeast quarter of the Southeast
quarter of Section 12, Township 13 North, Range 18, E. W. M.,
lying East of State Highway 97.
Section 2. There is hereby created a Local Improvement District
to be called "Local Improvement District No.P/ " which said district
shall include all of the property adjacent to the above mentioned im-
provements which are subject to assessments, said property being de-
scribed 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 construc-
tion of said improvement, including engineering, inspection, advertising,
publication of notices, end all other expenses incident thereto, shall
III be levied and assessed against alt of the property legally and properly
assessable therefor as provided by law and as above described.
Section 5. 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.
Sect 6. 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 theCity shall have the power to reject any and
all bids,.
Section 7. There is hereby created a special fund, to be called
• "Locei Improvement Fund, District NO.42 , into which shall be placed
alt 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, ell premium and interest on said
bonds issued fOr said improvement.
Section 8. Bonds bearing interest at the rate of 41, 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
annual installments. with interest at the rate of 4% per annum, interest
payable annually, under the mode of payment "payment.by bOnds,", as de-
. 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
Charter,
PASSED BY THE CITY COUNCIL, signed and approved this' yr.*, day of
February, 1965.
Mayor
ATTEST:
/ // City Clerk
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