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HomeMy WebLinkAbout1970-1249 ORDINANCE NO . AN ORDINANCE providing for the improvement of certain streets and alleys by grading, ballasting, surfacing with asphaltic concrete and constructing concrete curbs and gutters, together with necessary drainage features; establishing a Local Improvement District, providing for the method of payment thereof, and creating a special fund. 411 BE IT ORDAINED BY THE CITY or YAKIMA : Section 1. The following streets situated in Yakima County, Washington, shall be improved by grading, ballasting, surfacing with asphaltic concrete and constructing concrete curbs and gutters, together with necessary drainage features: All those portions of South 50th Avenue, South 49th Avenue, Paulson Place and McCargar Street situated within McCar- gars Westside Tracts and Glenwood Court Replat; All those portions of Englewood Hill Drive and North 56th Avenue situated within Englewood Hill Addition and Clift Plat; Barge Street from 58th Avenue to 60th Avenue; and the following alleys shall be improved by grading, ballasting and surfacing with asphaltic concrete, together with necessary 411 drainage features: Alley in Block 2, Hillcrest Addition (between 17th and 18th Avenues from Tieton Drive to MacLaren Street); and Alley within Englewood Hill Addition and Clift Plat. Section 2. There is hereby created a Local Improvement Dis- trict, to be called "Local Improvement District No. (0;1 ," 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 a•.ording 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 coat 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, 411 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. C/ j ," 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. 410 a 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 83/4% 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 110 8,12.100 of the City of Yakima Municipal Y i nicipal Cvde. 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 21st day of September, 1970. II! r Mayor ATTEST: ,09 C ity Clerk 411 _3