HomeMy WebLinkAbout1974-1707 CONSTRUCTING MAINS, VALVES AND OTHER APPURTENANCES FOR SUPPLYING WATER FOR DOMESTIC USE. ORDINANCE NO. /7O7
AN ORDINANCE providing for the improvement of certain property
by constructing the necessary mains, valves and other
appurtenances for the purpose of supplying water
for domestic use; 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 describdd property situate in Yakima
County, Washington, shall be improved by constructing the neces-
sary mains, valves and other appurtenances for the purpose of
supplying water for domestic use:
Lots 1 through 6, Place Vendome, as recorded in Volume "M"
of Plats, page 11, records of Yakima County, Washington.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 1000," 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
construction of said improvement, including the cost and expense
of 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,
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filed-yith 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 the City itself,
with City employees, according to specifications and plans as pre-
pared by the Engineering Division of the Department of Public Works.
Section 7. There is hereby created a special fund, to be
called "Local Improvement Fund, District No. 1000," 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 improve-
ment, which bonds shall be redeemed by the collection 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 87 per annum, interest payable annually
under the mode of payment "payment by bonds," as defined by the
AM\ statutes of the State of Washington and the 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 \. 3z2ii, day
o f , 1974.
41f - •
Mayor
• - , ,
ATTEST
_ 0
C ",, Clerk
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