HomeMy WebLinkAbout1974-1656 CONSTRUCTING MAINS, FIRE HYDRANTS, VALVES AND OTHER APPURTENANCES FOR SUPPLYING DOMESTIC WATER & FIRE PROTECTION. ORDINANCE NO /657
AN ORDINANCE providing for the improvement of certain property
by constructing the necessary mains, fire hudrants,
valves and other appurtenances for the purpose of
supplying water for domestic use and fire protection;
110 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:
That portion of Voelker Addition No. 1 described as follows:
All of Lot 1; East half of Lots 2, 3, 4, 5, 6, 7, 8, 9 and 10;
and all of Lots 11, 12, 13, 14, 15, 16, 17, 18, 19 and 20.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 997", which said dis-
trict 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, inspec-
tion, 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. 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. 997", 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 collec-
tion of special assessments to be levied and assessed upon the
property within said district, payable in ten equal annual install-
ments with interest at a rate not to exceed 8 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
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 improve-
ments 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 :Z?,?c /day
411 of y�� , 1974.
Mayo
ATTEST:
ity Cler -!
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