HomeMy WebLinkAbout1966-808 ORDMANCE NO.
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AN ORDINANCE providing for the improvement of,certain property by gradina,
ballasting, surfacing with asphaltic concrete, constructing
concrete curbs, gutters and sidewalks, together with necessary
drainage features; establishing a Local iniprovement District,
providing for the method of payment thereof, and creating
a special fund.
BE IT ORDAiNED BY THE CITY OF YAKM:
Section 1. That the foliowing streets shall be improved by grading,
ballasting, surfacing with asphaltic concrete, constructing concrete
curbs and gutters, together with necessary drainage features:
South 3rd Avenue from 220 feet South of West Nob Hill Boule-
vard to 330 feet North of Wet Mead Avenue.
Secton 2. There is hereby created a Local Wprovement District,
to be called "Local Improvement District No.0257, which said district
shali inciude all of the property adjacent to the above mentioned
improvements which are subject to aesessments.
pection3. The assessments shall be made according to special bene-
fits derived from the improvements without regard to tne zone and termini
method.
Sectjop A,. There sheii be levied and assessed upon ail of the pro-
perty embraced within said Local improvement District an amount not to
exceed 30% of ell costs and expenses in connection with the construction
of said Improvements, inc!ucfleg the cost and expense of engineering, in-
spection, advertising, publication of notces, and all other expenses
incident thereto, to be levied and assessed in the manner and as provided
by the laws of the State of WasHngton and the ordinances of the City of
Yakima, The remaining costs and expenses of said improvements shall be
paid by the City.
111 Secton 5. All of the aforesaid construction work shall be in
accordance with the plans and speciFications, proFiles, maps and detailed
drawings which have been prepapl5d by the City Engineer, filed with the
City Clerk, and which are hereby approved and adopted.
Section 6. All of the work necessary to be done in connection with
0 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.
Section 7. There is hereby created a special fund, to be called
"Local Improvement Fund, District No._75: into which shall be placed
all sums paid on account of the aforesaid specie; assessments, irc luding
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 impv-ovement.
Section 8,, Bonds bearing interest at the rate of 5% per annum, pay-
able on or before 12 years from the date of 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 levied and assessed
• upon the property within said district, payable in ten equal annual in-
stallments with interest at the rate of 5% per annum, interest 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 imp-ovement may be financed by the issuance
of promissory notes, under the authority of R.C.Vd. 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 taw and by the City
Charter.
PASSED BY THE CITY COUNCft, sicned and approved this 13th day of
June, 1966.
A r
ATTEST:
Mayor
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City
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