HomeMy WebLinkAbout1974-1689 STREET IMPROVEMENT. ORDINANCE NO. &47
AN ORDINANCE providing for the improvement of certain streets
by grading, ballasting, surfacing with asphaltic
concrete and constructing concrete curbs and gutters,
together with necessary drainage features; establish-
ing a Local Improvement District, providing for
41/ the method of payment thereof, and creating a
special fund.
BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The following streets situate in Yakima County,
Washington, shall be improved by grading, ballasting, surfacing
with asphaltic concrete and constructing concrete curbs and
gutters, together with necessary drainage features:
South 1st Street, adjacent to 1220-1230 (widening for parking);
North 58th Avenue, from Scenic Drive to approximately 400
feet south;
45th Avenue, from Chestnut Avenue to Barge Street; and
Madera Way, the south one-half, 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. 999,"
which, said district shall include all of the above described
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,
411 and all other expenses incident thereto, shall be levied and
assessed upon all of the property embraced within said Local Improve-
ment District, in the manner and as provided by the laws of the
e
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.
IP
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 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. 999," into which shall
b e placed all sums paid on account of the aforesaid special assess-
ments, 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 82% per annum, interest payable ,
III 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-
;, i
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
day of aa 1974.
/
Mayor
ATTEST:
• /
Acting Cif tlerk
•
•
-3-