HomeMy WebLinkAbout1971-1283 ORDINANCE NO. p!g3
AN ORDINANCE providing for the improvement of certain streets by
grading, ballasting, surfacing with asphaltic concrete
and constructing concrete sidewalks, curbs and gutters,
together with necessary drainage features; establishing
a Local Improvement District, providing for the method
411 of payment thereof, and creating a special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The following streets situate in Yakima County,
Washington, shall be improved by grading, ballasting, surfacing with
asphaltic concrete and constructing concrete sidewalks, curbs and
gutters, together with necessary drainage features:
North 16th Avenue from the center of its intersection with
West Lincoln Avenue for a distance 500 feet south thereof,
and
West Lincoln Avenue from the center of its intersection with
North 16th Avenue for a distance 685 feet west thereof.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 73?--," which said dis-
trict shall include all of the following described property:
Lots 1, 2, 3, 4 and 5, the north 98 feet of Lot 16, and that
portion of Lots 17, 18, 19 and 20 lying northerly of Monroe
Avenue, all situated in the Plat of "Summitview Acre Tracts ",
according to the plat thereof recorded in Volume "A" of Plats,
Page 30, records of Yakima County, Washington.
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
411
eo 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
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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. The is hereby created a special fund, to be called
"Local Improvement Ftnd, District No. q ,,, "(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 improve-
ment, which bonds shall be redeemed by the collection of special
assessments to be levied and assessed upon the property within said
district, payable in ten equal annual installments with interest at a
rate not to exceed 8% 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
410 its passage, approval and publication as provided by law and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this : A da Y of
-e 1971.
' x
tTTES Mayor
City lerk
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