HomeMy WebLinkAbout1968-1069 ORDINANCE NO. f 06Y
AN ORDINANCE providing for the improvement of certain property by
constructing the necessary mains, fire hydrants, valves
and other appurtenances for the purpose of supplying
water for domestic use and fire protection; and 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 1. That the following described property shall be
improved by constructing the necessary mains, fire hydrants, valves
and other appurtenances for the purpose of supplying water for domes-
tic use and fire protection; and by constructing a pipe sewer with
the necessary wye branches and manholes:
Englewood Crest - A Condominium, according to the Declaration
of Condominium recorded in Volume "V" of Plats, page 29,
records of Yakima County, Washington.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 973," 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 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
said improvement.
Section 5 All of the aforesaid construction work shall be in
accordance with the plans and specifications, profiles, maps and
/i
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.Q 7 &," 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-
• trict, payable in ten equal annual installments 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 improve-
ments 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 14th day
• of October, 1968.
Mayor
ATTEST:
City Clerk
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