HomeMy WebLinkAbout1976-1930 ORDINANCE NO. AU./
AN ORDINANCE providing for the improvement of certain property by
constructing the necessary fire hydrants, valves and
other appurtenances for the purpose of supplying
water for fire protection; establishing a Local
Improvement District, providing for the method of
payment thereof, and creating a special fund.
III ' BE IT ORDAINED BY THE CITY OF YAKIMA:
Section 1. The following described property situate in Yakima
County, Washington, shall be improved by constructing the necessary
fire hydrants, valves and other appurtenances for the purpose of
supplying water for fire protection:
Beginning at the northeast corner of the southwest quarter
of Section 26, Township 13 North, Range 18, E.W.M.; thence
westerly along the northerly line of said subdivision 270
feet; thence southerly and parallel with the east line of
said subdivision 242.8 feet; thence easterly parallel with
the north line of said subdivision to the west line of
the northwest quarter of the northwest quarter of the
southeast quarter of Section 26, Township 13 North, Range
18, E.W.M.; thence easterly parallel with the north line
of said subdivision to the east line thereof; thence
northerly along said east line to the north line thereof;
thence westerly to the point of beginning;
also Lots 40, 41 and 42, French's subdivision, as recorded
in Volume I of Plats, page 13, records of Yakima County,
Washington.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 1008," 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 con-
struction of said improvement, including the 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,
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. 1008", 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 improvement, 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 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.
411
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.
-2-
PA ..D BY THE CITY COUNCIL, signed and approved thisc5;44_
day o _40 , 1976.
I I I) AO
Mayor
ATTEST:
cit Clerk
410
-3-