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HomeMy WebLinkAbout1975-1766 CONSTRUCTING A PIPE SEWER WITH WYE BRANCHES & MANHOLES. !/> ORDINANCE NO. /764 AN ORDINANCE providing for the improvement of certain property by constructing a pipe sewer with the necessary wye branches and manholes; establishing a local improve- ment district, providing for the method of payment therefor, and creating a special fund. IP/ BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The following described property situate in Yakima County, Washington, shall be improved by constructing a pipe sewer with the necessary wye branches and manholes: (1) Lots 1 through 6, Crystal Mahor Addition; (2) Lots 1 through 7, Bonnieview Addition; (3) Tract "A" and "B" and Lots 1 through 12, Spanton-Patter- son Plat; (4) Lots 1 through 16, 61st Avenue Addition; (5) North 140 feet of the south 160 feet of the west half of the southwest quarter of the northeast quarter of the northwest quarter of Section 21, Township 13 North, Range 18, E.W.M. 111 Section 2. There is hereby created a Local Improvement Dis- trict, to be called "Local Improvement District No. 1003", 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- 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 410 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 by contract upon competitive bids according to specifications and plans as prepared by the Engineering Division of the Department of Public Works, 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. 1003", 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 improve- ment. 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 installments with interest at a rate not to exceed 81/2% 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. -2- 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 pro- vided by law and by the City Charter. 111 PASSED BY THE CITY COUNCIL, signed and approved this 0 day of IAfi 1975. Mayor ATTEST: City lerk • -3-