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HomeMy WebLinkAbout1972-1427 ORDINANCE NO. 1427 AN ORDINANCE providing for the improvement of certain property by con- structing the necessary mains, fire hydrants, valves and other appurtenances for the purpose of supplying water for domestic use and fire protection; and 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 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; and by con- . structing a pipe sewer with the necessary wye branches and manholes: Sewer (1) Lots 1 through 8 and 10 through 30, Franklunds Pear Blossom Addition; (2) Lots 3 through 12, BloCk 3,,Voelker-Parrott Subdivi- sion, and west half of the west half of Block 2, Phoebe D. Adams Subdivision; (3) Lots 3 through 7, Browne's Homesites, and north 127.5 feet'of south 330 feet of east 165 feet of northeast quarter of the northwest quarter of Section 21, Town- * ship 13 North,'Range 18, E.W.M., except road on east. Water • (1) Lots 4 through 8 and 10 through 21, Franklunds Pear - Blossom Addition. Section 2. There is hereby created a Local Improvement District, to be called "Local Improvement District No. 988", 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 construction of said improvement, including the engineering, inspec- tion, advertising, publication of notices, and all other expenses 41, incident thereto, shall be levied and assessed against 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 con- nection 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. 988", into which shall in placed all sums paid on account of the aforesaid special assess- 41 / ments, 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 with- in said district, payable in ten equal annual installments with interest at a rate not to exceed 87 per annum, interest payable annually under the mode of payment "payment by bonds", as defined by 111 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. -2 - • a r . t 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 of ,/,1 , 1972 Al Mayor ATTEST: City Clerk ill 3 - '