HomeMy WebLinkAbout1973-1503 ORDINANCE NO. /50,3
AN ORDINANCE providing for the improvement of certain property by
constructing 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.
BE IT ORDAINED BY THE CITY OF YAKIMA:
• Section 1. The following described property situate in Yakima
County, Washington, shall be improved by constructing a pipe sewer'
with the necessary wye branches and manholes:
1. The following property within the City of Yakima, Yakima
County, Washington:
(a)_ Northeast quarter of the northwest quarter of the north-
west quarter of Section 21, Township 13 North, Range 13,
E.W.M., except the east 20 feet of the south 110 feet;
(b) Lots 6 through 15, Block 4, Moreau Brothers Addition;
(c) Lots 11 through 18, Rehfield Addition.
2. The following property within Yakima County, Washington:
North 108 feet of the south half of Block 17, Plat of Section
36, Township 13 North, Range 18, E.W.M.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No, 994 ", which said district
shall include all of the above described property.
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 the engineering, inspection,
advertising, publication of notices, and all other expenses incident
thereto, shall be levied and assessed against all of the property
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
detailed drawings which have been prepared by the City Engineer, filed
with the Ca.ty Clerk, cnd 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 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
111
"Local Improvement Fund, District No. 994", 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,
payable in ten equal annual installments with interest at a rate not
• to exceed SI per annum, interest payable annually under the mode of
payment "payment by bond', 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
its passage, approval and publication as provided by law and by the
City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this day
1973. A •Or A
111 /4
ATTEST: • Mayor
,.c
City Clerk
-2-