HomeMy WebLinkAbout1966-820 ORDINANCE NO 21020
AN ORDINANCE providing for the improvement of certain property by con-
structing &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 nelisSary wye branches and manholes:
Parcel #2, Lot-28, State Addition to the City of North
Yakima, according to the official plat thereof recorded
in Volume "F" of Plats, Page II, records of the Auditor
of Yakima County, Washington.
Section 2. There is hereby created a Local improvement District
to be called "Local improvement District No " which said dis-
trict shall include all of the property adjacent to the above mentioned
Improvements which are subject to aesessments, said property being de-
4111 scribed above.
Section 3 The assessments shall be made according to special
benefits derided from the improvements without regard to the zone and
termini method.
Section 4. AN costs and expenses in connection with the construc-
tion of said improvement, including engineering, inspection, advertis-
,
ing, publication of notices, and all other expenses incident thereto,
shall be levied andassessed against all of the property legally and pro-
perly assessable therefor ES provided by aw and as above described.
Section 5. All of the aforesaid construction work shall be in
accordantemith the plans and specifications, profiles, maps and detailed
0 drawings which have been prepared by the City Engineer, filed with the
City Clerk, and which are herby approved and adopted.
1 Section 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
111 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 cal led
"Local Improvement Fund, District No..1 ", 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 premium and interest on said
bonds issued for said improvement.
Section 8. Bonds bearing interest at the rate of 5% 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
0 shall be redeemed by the col lection of special assessments to be levied
and assessed upon the property within said district, payable in ten equal
annual instai lments with interest at the rate of 5% per annum, interest
payable annual 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 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 pub! ication as provijed by law and the City Charter.
PASSED BY THE CITY ODUNC1L, signed and approved this 25th day of
Ju 1 y, 1956.
II /a,
, (-el-r/
.....____—_—___
III ATTEST: Mayor
Court Clerk
-2-