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HomeMy WebLinkAbout1969-1181 ORDINANCE NO. AN ORDINANCE providing for the improvement of certain property by the construction of water mains, valves and other appur- tenances; 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 situate in Yakima County, Washington, shall be improved by the construction of water mains, valves and other appurtenances for the purpose of supplying water for domestic use: Lot 4, and the south half of Lot 9 lying easterly of Power House Road, of Naches Orchard Tracts, according to the plat thereof recorded in Volume "A" of Plats, Page 69, records of Yakima County, Washington. Lots 1 through 12 of Vans Half Acre Tracts, according to the plat thereof recorded in Volume "D" of Plats,Page 8, records of Yakima County, Washington. Beginning at the intersection of the south line of the north- east quarter, of the northwest quarter, of the southeast quarter, of Section15, Township 13 North, Range 18, E.W.M., with the east line of County road; thence northwesterly along County road 450 feet; thence northerly 105 feet; thence easterly 135 feet; thence southerly 105 feet; thence easterly 39 feet; thence southeasterly and parallel with said County road 325 feet; thence easterly to east line of northeast quarter, of the northwest quarter, of the southeast quarter of Section 15, Township 13 North, Range 18, E.W.M., thence southerly to the south line of said Subdivision; thence westerly to the point of beginning. Section 2. There is hereby created a Local Improvement District, to be called "Local Improvement District No. -' :''' ," which said district shall include all of the property adjacent to the above mentioned improvements which are subject to assessments. 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 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. cm 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 a rate not to exceed 8% 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 assessments to be levied and assessed upon the property within said district, pay- able in ten equal annual installments with interest at a rate not to exceed 82% 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 and Section 8.12.100 of the City of Yakima Municipal Code. 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 by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this lfith day of November, 1969. W f►M , • Mayor - ATTEST: City Clerk • - 3 -