HomeMy WebLinkAbout1968-1078 ORDINANCE NO. ; (O'n'
AN ORDINANCE providing for the improvement of certain property by
constructing 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 1. The following property shall be improved by construct.
ing a pipe sewer with the necessary wye branches and manholes:
Lots •4 through 9, Block 1, and Lots 1 through 5, and Lots 9
and 10, Block 2, King Street Addition, according to the plat
thereof recorded in Volume "L" of Plats, Page 43, Records of
Yakima County, Washington;
Also the north 144.9 feet of the south 148.9 feet of the west
201 feet, and the west 501.4 feet of the north 144.9 feet,
and the east 136.1 feet of the north 160 feet of Block 11,
Plat of Section 36, Township 13 North, Range 18 East, W.M.,
according to the plat thereof recorded in Volume "E" of Plats,
Page 36, Records of Yakima County, Washington.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. Tv/ ", which said dis-
trict shall include all of the property adjacent to the above men-
tioned improvements which are subject to assessments, said property
being described 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. All costs and expenses in connection with the con-
struction 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 Dis-
trict, 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 said improvement.
Section 5. All 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 6. All of the work necessary to be done in connection
with the making of said improvement shall be done and made by con-
tract 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. V ", 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 6% 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 improvement,
which bonds shall be redeemed by the collection of special assess-
ments to be levied and assessed upon the property within said dis-
III
trict, payable in ten equal annual with interest at the
rate of 6% 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 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 by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 25th day
• , of November, 1968.
ATTEST Mayor
:/
City Clerk
- 2 -