HomeMy WebLinkAbout1973-1501 ORDINANCE NO. ----
AN ORDINANCE providing for the improvement of certain streets 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.
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 curbs and gutters,
together with necessary drainage features:
1. The following streets within the Englewood Heights West Plat:
(a) Douglas Drive
(b) Glacier Way
(c) North 60th Avenue
(d) North 61st Avenue
2. Perry Street west from South 3rd Avenue.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 992 ", 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 construc-
tion 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 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
"Local Improvement Fund, District No. 992 ", into which shall be placed
all sums paid on account of the aforesaid special assessments, includ-
ing 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 8o 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 W. per annum, interest payable annually under the mode of pay-
ment "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
its passage, approval and publication as provided by law and by the
City Charter.
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PASSED BY THE CITY COUNCIL, signed and approved this day
of 4e222____, 1973,
/ a74.,,dr
Mayor
ATTEST:
City Clerk
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