HomeMy WebLinkAbout1972-1423 ti
ORDINANCE NO. %5
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 to improve portions
of adjacent streets by grading, ballasting, surfacing
with asphaltic concrete and constructing concrete curbs
• and gutters, together with necessary drainage features,
and sidewalks; 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' and to im-
prove portions of adjacent streets by grading, ballasting, surfacing
with asphaltic concrete and constructing concrete curbs and gutters,
together with necessary drainage features, and sidewalks:
That portion of the northeast quarter of the southeast quarter
of Section 26, Township 13 North, Range 18, E.W.M., in Yakima,
Washington, described as follows:
Commencing at the northeast corner of said subdivision; thence
north 88 50' 15" west along the north line thereof 30 feet to the
west line of the easterly 30 feet of said subdivision; thence
south along said west line 174.40 feet to the true point of
beginning; th,,,Ace continuing south 185.10 feet; thence north
88 50' 15" west 279.30 feet to the east margin of South 17th
Avenue; thence north along said east margin 0.10 feet to the south
line of the north 359.40 feet of said subdivision; thence north
88 50' 15" west along said south line 20.00 feet to the center-
line of the vacated portion of said South 17th Avenue; thence
north along said centerline 11.80 feet; thence north 88 50' 15"
west 279.30 feet to the east margin of South 18th Avenue as con-
veyed to the City of Yakima by deed recorded under Auditor's
File No. 2135492; thence north along said east margin 171.60
feet; thence north 88 50' 15" west 10.40 feet; thence north
150.00 feet to the south line of the north 26.00 feet of said
subdivision; thence south 88 50' 15" east along :said south line
449.35'feet; thence south 148.40 feet; thence south 88 50' 15"
east 139.65 feet to the true point of beginning.
• Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 987 ", 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-
e 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 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 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 Improvemen:. District No. 987 ", 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 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, pay-
able in ten equal annual installments with interest at a rate not to
exceed 82% per annum, interest payable annually under the mode of pay-
ment "payment by bonds ", as defined by the statutes of the State of
- 2 -
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 3/14 day of
, 1972.
Mayor
ATTEST:
• Deputy Citi'Clerk /
- 3 -