HomeMy WebLinkAbout1973-1502 ORDINANCE NO. /6
AN ORDINANCE providing for the improvement of certain property byncon-
structing the necessary mains, fire hydrants, valves and
other appurtenances for the purpose of supplying water
for domestic use and fire protection; 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 the necessary
mains, fire hydrants, valves and other appurtenances for the purpose
of supplying water for domestic use and fire protection;
Northeast quarter of the northwest quarter of the northwest
quarter of Section 21, Township 13 North, Range 18, E.W.M.,
except the east 20 feet of the south 110 feet.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 993", 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
II!
termini method.
Section 4. All costs and expenses in connection with the construc
tion 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 ;n
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. The work necessary to be done in connection with the
making of said improvement shall be done partially by contract upon
competitive bids and partially by the City itself, with City employees,
according to specifications and plans as prepared by the Engiaeering
Division of the Department of Public Works, 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. 993", 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 3% per
aimum, 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 thecelection 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 8X 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 fnanced by the issuance of promissory Dotes,
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 2ad/
of l , 1973.
/ i
1. Aayor
ATTEST:
,774c>/4 L p
City Clerk
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