HomeMy WebLinkAbout1967-950 ORDINANCE NO.
AN ORDINANCE providing for the improvement of certain property by con-
structing 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, Washing-
ton, 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
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Lots 1 through 39, Valley View Estates, an unrecorded plat,
also legally described as Lot 10, The Paddack Garden Lots,
according to the official plat thereof recorded in Volume
"A" of Plats, Page 56, records of Yakima County, Washington.
Section 2. There is hereby created and established a Local Im-
provement District to be called "Local Improvement District No. "
which said district shall include all of the property described and
set forth above.
Section 3. The assessments shall be made according to special
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benefits derived from the improvements without regard to the zone and
termini method.
Section 4. All costs and expenses in connection with the con-
struction of said improvements, including the cost and expense of
engineering, inspection, advertising, publication of notices, and all
other expenses incident thereto, shall be levied and assessed upon all
of the property embraced within said Local Improvement District, in
the manner and as provided by the Laws of the State of Washington and
the ordinances of the City of Yakima, and said City shall not be liable
in any manner for any portion of said costs and expenses of said im-
provement.
Section 5. All of the aforesaid construction work shall be in
accordarce with the plans and specifications, profiles, maps and 5t711.1
41 , ed drawjngs which have been prepared by the City Engineer, filed with
the Ci.tv Clerk, and which are hereby approved and adopted. All the
work necessary to be done in connection with the making of said im-
provements 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. W6" into which 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
on said bonds issued for said improvements.
Section 7. Bonds bearing interest at the rate of 5% per annum,
payable on or before 12 years from date of issuance, shall be issued ir
payment of the costs and expenses of the said improvements, which bonds
III shall be redeemed by the collection of special assessments to be levies
and assessed upon the property within said district, payable in ten
annual installments, with interest at the rate of 5% 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 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 28th day of
411 August, 1967.
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if a
Mayor -----
ATTEST:
City Clerk
411
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