HomeMy WebLinkAbout1977-2129 ORDINANCE NO.
AN ORDINANCE providing for the improvement of certain streets by
grading, ballasting, surfacing with asphaltic concrete
and constructing concrete curbs and gutters, together
411, with the necessary drainage features, 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 street situate in Yakima County,
Washington, shall be improved by grading, ballasting, surfacing
with asphaltic concrete and constructing concrete curbs and gutters,
together with the necessary drainage features:
60th Avenue from Chestnut Avenue to Barge Street.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 1013," which said dis-
trict shall include all of the property adjacent to the above men-
tioned 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 con-
struction 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 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
with the making of said improvement shall be done and made by contract
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. 1013," 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 81/27 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.
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 hi
of jlovewOoete_, 1977.
SIBETTY L. EDMONDSON
Mayor
ATTEST:
1c./ pF‘. q ,a77Fru
4_,'„r■!Fli—R. _ER
City Clerk
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