HomeMy WebLinkAbout1966-826 • ORD i NANCE NO.
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 la That the following property shall be improved by con-
structing a pipe sewer with the necessary wye branches and manholes:
The East half of Lots 1, 2, 4 and 5, the East 171 feet of
Lot 3, Coonse State • Addition.
Section 2. There is hereby created a Local Improvement District
to be c a l l e d "Local Improvement District No._,2 `°, which said dis-
trict shall include all of the property adjacent to the above mentioned
improvements 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. Al) 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 . A l l of the aforesaid construction word 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 her•eb•y approved and adopted.
Section 6. All of the work necessary tc 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®
Section 7, There is hereby created a special fund, to be called
"Local Improvement Fund, District No.15 into which shall 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, all premtum and interest on said
bonds issued for said improvement.
Sec“on 8. Bonds bearing interest at the rate of 510 per annum,
payable on or before 12 years from the date of issuance, shall be issued •
in payment of the costs and expenses of sal d 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
0 annual installments with interest at the rate of 51. per annum, interest
payable annua/ly, 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 fFnanced 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 22nd.day of
August, 1966.
ATTES:
00( Mayor
•
--7- City Clerk
-2-