HomeMy WebLinkAbout1978-2199 CONSTRUCTING A PIPE SEWER WITH WYE BRANCHES & MANHOLES; ESTABLISHING A CERTAIN LOCAL IMPROVEMENT DISTRICT. ORDINANCE NO. 0Q /99
AN ORDINANCE providing for the tmprovemgnt of certain property by
constructing a pipe sewer with_ the necessary wye branches
and manholes establishing a Local Lmprovement District
providing for the method of payment thereof, and creating
a special fund,
410
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;
The. south. 135 feet of Lot 1, and the south 135 feet of the east
250 feet of Lot 23, and all 'of Lots 3 through. 22 of Ranchette
Subdivision as recorded in Volume "...T" of Plats, page. 8, records
of Yakima County, Washington,
Section 2, There is heltbY treated a Local Improvement District,
to be called "Local Improvement District No, 1018", which said dis-
III 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 construc-
tion of said improvement, including the engineering, inspection, adver-
tising, publication of notices, and all other expenses incident there-
to, shall be levied and assessed against all of the property legally
and properly assessable therefor as provided by law and as above des-
cribed,
Section 5, All of th 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,
111 \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, 1018", 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 th 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 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 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.
'AS SED BY THE CITY COUNCIL, signed and approved this /
day of , 1978.
Tayor
r
ATTEST; •
Ci ; C er
4
-2-