HomeMy WebLinkAbout1978-2236 CONSTRUCTING A PIPE SEWER WITH WYE BRANCHES & MANHOLES. ORDINANCE NO. „2a3k,
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 21 through 25 and Lots 36 through 40, "Ahtanum Meadows",
as recorded in Volume Q of Plats, page 47, records of Yakima
County, Washington.
Section 2. There is hereby created a Local Improvement District,
to be called "Local Improvement District No. 1023", 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
Amk 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. The work necessary to be done in connectioriwith the
making of said improvement shall be done by contract upon competitive
bids according to specifications and plans as prepared by the Engineer-
411 ing 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
III "Local Improvement Fund, District No. 1023", into which shall be placed
all sums paid on account of the aforesaid special assessments, includ-
ing 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 8 1/2% 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, pro-
vided that, this improvement may be financed by the issuance of promis-
sory 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 V day
of t , 1978.
g"ti
Mayor
ATTEST:
Or
c d Clerk (
110
110
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