HomeMy WebLinkAbout1973-1566 IMPROVEMENT OF STREETS BY GRADING, BALLASTING, SURFACING WITH CONCRETE, & CONSTRUCTING CONCRETE CURBS & GUTTER ' •1
ORDINANCE NO. 1 - ,6LL
AN ORDINANCE providing for the improvement of certain streets by
grading, ballasting, surfacing with asphaltic concrete
and constructing concrete curbs and gutters, together
with the necessary drainage features; establishing a
Local Improvement District, providing for the method of
411 payment thereof , and creating a special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA :
Section 1. The following streets situate in Yakima County, Wash-
ington, shall be improved by grading, ballasting, surfacing with
asphaltic concrete and constructing concrete curbs and gutters, together
with the necessary drainage features:
44th Avenue from Chestnut Avenue to Barge Street;
South cne -half of Madera Way from North 48th Avenue to
approximately 300 feet west.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 995 ," which said dis-
trict shall include all of the property adjacent to the above men-
tioned 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 azd
termini method.
Section 4. All costs and expenses in connection with the construc-
tion of said improvements, including the cost and expense of engineer-
ing, 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 panne:
and as provided by the laws of the State of Washington and the ordin` noes
of the City of Yakima, and said City shall not be liable in any manne
for any portion of said costs and expenses of said improvement.
411
Section . 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
"Focal Improvement Fund, District No. 995 " into which shall be
0 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
en 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 8z% 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.
PAS D BY THE CITY COUNCIL, signed and approved this //,% day
of _ %A.e _ /.t 1973.
.
. tea •:�,:..�:
Mayor
ATTEST:
City;erk
-2-