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HomeMy WebLinkAbout1968-1002 ORDINANCE NO. gCnZ AN ORDINANCE providing for the improvement of certain property 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. 111 BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. That the-following property shall be improved by con- structing a pipe sewer with the necessary wye branches and manholes: Lots 6 through 9 and 11 through 20, Carolyn Addition, according to the plat thereof recorded in Volume U of Plats, Page 36, records of Yakima County, Washington. East 165 feet of the South 202 feet of the Northeast quarter of the Northwest quarter of Section 21, Township 13 North, Range 18, E.W.M. except County Road on East and South. (Loomis Property) Lots 5, 6, 7, 8, 15, 16, 17 and the East half of Lot 18, Coonse State Addition No. 2, according to the plat thereof recorded in Volume J of Plats, Page 17, records of Yakima County, Washington. That part of the west half of the west half of the east half of the southwest quarter of the northwest quarter, and of the east half of the east half of the west half of the southwest quarter of the northwest quarter, all in Section 15, Township 13 North, Range 18, East, W.M., which lies easterly of the plat of HILLTOP HEIGHTS, according to the plat thereof recorded in Volume "0" of Plats, Page 41, records of Yakima County, Washington; and southerly of the • following described line: Commencing at the southeast corner of said west half of the west half of the east half of the southeast quarter of the northwest quarter; thence North 0 West along the east line thereof 343.60 feet to the point of beginning; thence South 80 West 61.20 feet; thence South 64 West to the east line of said plat of HILLTOP HEIGHTS: EXCEPTING THEREFROM right of way for Scenic Drive as deeded to the City of Yakima and recorded under Auditor's File No. 2116920, records of Yakima County, Wash- ington; and that part of the west half of the west half of the east half of the southwest quarter of the northwest quarter, and of the east half of the east half of the west half of the southwest quarter of the northwest quarter, all in Section 15, Township 13 North, Range 18 East, W.M., which lies southerly of the plat of HILLTOP HEIGHTS, according to the plat thereof recorded in Volume "0" of Plats, Page 41, records of Yakima County, Washington, and northerly of the following described line: Commencing at the southeast corner of said west half of the west half of the east half of the southwest quarter of the northwest quarter; thence North 0 West along the east line thereof 343.60 feet to the point of beginning; thence South 80 West 61.20 feet; thence South 64 West to the east line of said plat of HILLTOP HEIGHTS. 411 Section 2. There is hereby created a Local Improvement District to be called "Local Improvement District No. 5 thichsaid district shall include all of the property adjacent to the above mentioned im- provements which are subject to assessments, said property being de- scribed 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 improvement, including engineering, inspection, ad vertising, publication of notices, and all other expenses incident thereto, shall be levied and assessed against all of the property 41 / legally and properly assessable therefor as provided by law and as above described. 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 making of said improvements 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.5(.4 into which shall be placeC 111 all sums paid on account of the aforesaid special assessments, includ- ing 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 expenses of said improvements, which bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said district, pay- able in ten equal annual installments with interest at the rate of 5% per annum, interest payable annually, under the mode of payment 41 / "payment by bonds", as defined by the statutes of the State of Wash- ington 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 -2- its passage, approval and publication as provided by law and the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this 12th day of February, 1968. 9 - Mayor ATTEST:_, City Clerk • -3-