HomeMy WebLinkAbout1968-1053 ORDINANCE NO.
AN ORDINANCE providing for the improvement of certain property by
grading, ballasting, surfacing with asphaltic concrete,
constructing concrete curbs, gutters and sidewalks,
together with necessary drainage features; establish-
ing 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 streets shall be improved by
grading, ballasting, surfacing with asphaltic concrete, constructing
concrete curbs, gutters and sidewalks, together with necessary
drainage features::
North 56th Avenue - From Lincoln Avenue to a point approximately
260 feet south of Summitview Avenue.
Summitview Avenue - From a point approximately 280 feet east of
North 56th Avenue to a'point approximately
660 feet west of North 56th Avenue.
Section '2. There is hereby created a Local Improvement Distict, •
• to be called "Local Improvement District No. W ", which said dis-
trict shall include all of the property adjacent to the above men-
tioned improvements which are subject to assessments, said property
III being described above.
Section 3. The Assessments shall be made according to special
benefits derived from the improvements wlthout 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 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
Ilk 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 de-
: tailed 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 makinT 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.
410 Section 7. There is hereby created a special fund, to be called
"Local Improvement Fund, District No. 7(r", into which shall be
plaed all sums paid on account of the aforesaid special assessment,
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 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 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 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 5th day
0 of August, 1968.
11A1119
Mayor
idc
-ATTE8T:
_City Clerk