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HomeMy WebLinkAbout1966-803 ononnitmca. NANCE NO. () AN ORDINANCE providing for the improvement of certain property by grading, ballasting, surfacing 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 creating a special fund. BE OT ORDAINED BY THE CITY OF YAKiMA: Section 1. That the following street shall be improved by con- structing concrete curbs and gutters: • North side of West Mead Avenue from South 4th Avenue to South 5th Avenue. Section_2. That the following street shall ba improved by widen- ing the same to accommodate on-street parking: The West side of North 3rd Avenue from West Lincoln Avenue to West "B" Street. Section_3. That the following alleys shall be improved by grading, 0 ballasting and surfacing with asphaltic concrete and by constructing necessary drainage features: Alley north o1 Block 2, the Town of North Yakima (now Yakima) and south of "I" Street; Alley Block (90, Capitol Addition to North Yakima (now Yakima); Alley Block 248, the Town of North Yakima (no\m/Yakima) the Syndicate Subdivision, and Ker-s Second Addition to North Yakima, W. T. (now Yakima, Washington); Alley Block 108, the Town of North Yakima (now Yakima). Section 4. There is hereby created a Local Improvement District, to be called "Local improvement District No.1.42", which said district shall Inc1td e all of the property adjacent to the above mentioned improve- ments which are subject to assessments, said property being described above. Section 5. The assessments shall be made according to special benefits derived from the improvements without regard to the zone and termini method. Section 6. Ali costs and expenses in coonection with the construc- tion 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 sad improvement. Section 7. Ail of the aforesaid construction work 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 hereby approved and adopted. Section 8. All of the work necessary to be done in connection 0 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. Section . 9 . . There is hereby created a special fund, to be called P ° "Locai mprovewent Fund, D;strict ( O o nto which shall be placed all sums pad 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_1 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 expense oF said ;mprovement, 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 -2- Rr annual l nsta g l ments with nterest at the rata of n 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 improvement may be financed by the issuance of promissory notes, under the authority of R.C.W. 35.45.150. Section 1 1 a This ordinance is one relating to local l mpro v rents or assessments therefor, and shall become effective eds- ate! y upon its passage, approval and pub 13 cat 1 on as provided by law and by the City Charter. PASSED BY THE C 1 T V COUNCIL, signed and approved t h i s 9th day of May, 1966. / �i • Mayor ATTEST: City Cleric •