Loading...
HomeMy WebLinkAbout1965-606 ORDINANCE 411 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.ORDAMED 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 manhole5:, Lots 1 thru 33 inclusive in the Tri-Skool Addition, Lots 1 thru 18 inclusive in Sweitz Second Addition. Lots 1 thru 9 inclusive in Wheeler Addition. Lots 1 thru 15 inclusive in Bel Air Heights. Lots 3, 4, 5, 10 and 11 in L. K. Buchanan Addition. 411. The North 132 feet of the South 162 feet of the West 71 feet of the East 238 feet of the Southeast Quarter of the Southwest Quarter of the Southwest Quarter of Section 22, Township. 13 North, Range 18, E,W.M. The South 330-feet of the West 132 feet of the Southeast Quarter of the Southwest Quarter of the Southwest Quarter of Section 22, TOwnship 13 North, Range 18, E.W.M. The South 25 feet of Lot 7, Lot 8, Lot 9, Lot 10 and the South 54 feet of Lot 11 in Drake's Addition. • Section 2. There is hereby created a Improvement District • to be called "Local Improvement. District No....Y253 ", 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 41 benefits derived from the improvements without regard to the zone and termini method. • Section_4. Ali 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 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. Section B. 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® - 410 Section 7.• There is hereby created a special fund, to be called "Local Improvement Fund, District No...4212, into which shill 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, alt premium and interest on said bonds issued for said improvement. 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 annual installments with Interest at the rate of 4% per annum, interest payable annually, under the mode of payment "payment by bonds", as de- • 7.-2 • 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 COUNCR., signed and approved this Ilth day of January, 1965. f • Mayor ATTEST: City Clerk