HomeMy WebLinkAbout1978-2227 ORDINANCE NO. A. a..2-
AN ORDINANCE providing for the improvement of certain streets by
grading, ballasting, surfacing with asphaltic con-
crete and constructing concrete curbs and gutters,
together with necessary drainage features; establish-
ing 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 streets 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:
North 64th Avenue,
North Ridge, and
West Ridge,
all within the Plat of Prospect Park within the City of
• Yakima, Washington.
Section 2. There is hereby created a Local Improvement Dis-
trict, to be called "Local Improvement District No. 1022", which
said district shall include all of the 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 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 connec-
tion with the making of said improvement shall be done and made
!II 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. 1022", into which
• shall be placed all sums paid on account of the aforesaid special
assessments, including all interest and penalties thereon, aud
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 ratenot to exceed
8% per annum, payable on or before 12 years from the date of issuanc/P
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 8 l/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 improve-
ment may be financed by the issuance of promissory notes, under
the authority of R.C.W. 35.45.150 and Section 3.12.100 of the
City of Yakima Municipal Code.
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 pro-
vided by law and by the City Charter.
PASSED BY THE CITY COUNCIL, signed and approved this 30
day of O 1978.
( Mayor
ATTEST:
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