HomeMy WebLinkAbout1975-1787 STREET IMPROVEMENT; LOCAL IMPROVEMENT DISTRICT NO. 1005. ORDINANCE NO..
AN ORDINANCE providing for the improvement of certain streets by
grading, ballasting, surfacing with asphaltic con-
crete and constructing concrete curbs and gutters,
together
method
etito: necessary drainage-features; establish-
ing a Local Improvement District, providing for payment thereof, and creating a special
fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The following described streets situate in the
City of Yakima, Washington, shall be improved by grading, ballast-
ing, surfacing with asphaltic concrete and constructing concrete
curbs and gutters, together with necessary drainage features:
Carriage Hill Drive from North Conestoga Boulevard to
approximately '320 feet west;
North Conestoga Boulevard from Fechter Road to approximately
180 feet southwest.
Section 2. There is hereby created a Local Improvement Dis-
trict, to be called "Local Improvement District No. 1005", 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
construction 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
111 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
III with the making of said improvement shall be done and made by con-
tract 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. 1005," 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 87 per
annum, payable on or before 12 years from the date of issuance, shall
III 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 8Y4 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
411 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 /?aday
of , 1975.
- 141111 - Ly1._
ATTErTh
Mayor
City Clerk -2-