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HomeMy WebLinkAbout1966-831 • ORDINANCE O. r:31 AN ORDINANCE providing for the improvement of certain Property by grading, ballasting, surfacino with ,asphaltic concrete, constructing concrete curbs and gutters, together with neceSsary drainage features; establishing a Local improve- ment District, providing for the method of payment thereof, and rreating a special fund. BE IT ORDAINED BY THE CITY OF YAKIMA: Section t. That the following streets shaft be improved by grading, ballasting, surfacing with asphaltic concrete, constructing concrete curbs and clutters, together with necessary drainage features: Worth 56th Avenue from 1. co Avenue to Englewood Avenue. North 58th Avenue from EngiPwood Avenue to the Teton Irri gation District Canal. Lis AvenP. from Folsom Avenue to Lincoln Avenue- Garrett Street from i5th Avenue to 9th Avenue. Scenic Drive from Fechter Road to ot Drive. Falioue Drive from Fechter Road to Scenic Drive. Dona id Dr 411 Sec That the foliowing &Jays shail be improved by grading, • hailastirg ard surfac;ng with asphaltic concrete and by constructing necessary drainage features: Blocks 24 and 25, Toun of North Yak • Section :°?- There is hereby created a Local improvement District, • to called 'Local improvement District 1o which said district shall Include ail of the propet ,Fidjacent to the above mentioned improve- ments which are smbject to assessments, said property being described above. Section 4- The asseSsments shsil bo i'lade according to special benefits derived from the. Improvements withou*: regard co the zone and termini method. Section 5, Ail cOsts and expenes In connection with the construe- . tion of :said improvements, including the cost and expense of engineeringf in$pection, advartisinc: pUblAcation of notices, and all other expenses incident thereto, shall be 1 evied and assessed upon aii of the property • embraced within said Local 1Mprovement District, in the manner and as provided by the Laws of the State of Washington and the ordinances of 41 / the City of Yakima, and said City shall not be liable in any manner for any portion of said costs and expenses of said improvemeht. Section 6. All of the aforesaid ;:onstruction work shall be in accordance with the plans and specificaions, profiles, maps and de- tailed drawings which have been preparei'; by the City Engineer, filed with the City Clerk, and which are hereky approved and adopted. Section 7. All of the work necess,lry to be done in connection with the making of said improvement shall be done and made by contract upon competitive bids, and the City shall have the power to reject any • and all bids. Section8. There is hereby created special fund, to be called , I • "Local Improvewnt Fund, District No..147", into which slal 1 be placed all sums paid on account of the aforesaid qoecial assessments, including al intereFt and penalties thereon, and in the event of the sale of local iworovement bonds by the City, all proAllium and interest on said bond issued for said improvement. Bonds bearing interest at the rate of 5 pur annum, %frayable on or before 12 years from the date al', issuance, shall be issued in payment of the costs and expense of said improvement, which bonds shall be redeemed by the collection of special assessments to be lev;ed and assessed upon. the property within said district, paqable jn ten eclixil annual installments with interest at the rate o'F 5 per annum, interest payable annually under the mode of payment "payment by bonds", as defined 411 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 10. This ordinance is one relating to local improvements • or assessments therefor, and shal I become effective immediately upon its passage, approval and publication as provided by law and by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 12th day of September, 1966. 9L/ - Mayor ATTEST: ,-- / • City Ckrk 0 0