HomeMy WebLinkAbout1976-2001 CONSTRUCTING A PIPE SEWER WITH WYE BRANCHES & MANHOLES; ESTABLISHING A CERTAIN LOCAL IMPROVEMENT DISTRICT. ORDINANCE NO. -3_Q
AN ORDINANCE providing for the improvement of certain property by
constructing a pipe sewer with the necessary wye branches
and manholes; 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 described property situate in Yakima
County, Washington, shall be improved by constructing a pipe sewer
with the necessary wye branches and manholes:
Lots 1 through 50,. Prospect Park Addition, as recorded in
Volume "R" of Plats, page 21, records of. Yakima County,
Washington.
Section 2, There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 1010," which said dis-
trict shall include all of the above described property.
Section 3. The assessments shall be made according to special
III 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
411 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 competi-
tive 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. 1010," 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 40
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 81/2% 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 Sec-
tion 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 a-±day
of , 1976.
Mayor IP
ATTEST:
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City C
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