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HomeMy WebLinkAbout1978-2156 ORDINANCE NO. 2156 AN ORDINANCE providing for the improvement of certain streets by grading, ballasting, surfacing with asphaltic concrete and construct- ing concrete curbs and gutters, together with necessary drainage features, and lighting; establishing a Local Improve- 111 ment 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, Washing- ton, shall be improved by grading, ballasting, surfacing with asphaltic concrete and constructing concrete curbs and gutters, together with necessary drainage features, and lighting: North 50th Avenue; Prestige Court; Prestige Place; lying within the following described property: The southeast quarter of the northeast quarter of Section 21, Town- ship 13 North, Range 18, E.W.M., lying south of the Yakima Valley Canal, EXCEPT the west 331.32 feet; • EXCEPT the east 534 feet; EXCEPT beginning at the southwest corner of Lot 27, Gilbert's Up- lands, as recorded in Volume "J" of Plats, page 32, thence west 41.2 feet to the true point of beginning; thence south 58 ° 48' west 191 feet; thence north 15 ° 16' east 196.5 feet; thence north 31 ° 14' west 83.7 feet, more or less, to the south right -of -way of Yakima Valley Canal; thence along the right -of -way to the true point of beginning; EXCEPT the west 175.6 feet of the east 849.6 feet of the south 251 fee; EXCEPT commencing at the southeast corner of said subdivision; thence west, reference bearing, along the south line thereof 889.60 feet to the point of beginning; thence north 205.00 feet; thence west 130.56 feet to a point which is 331.32 feet east of the west line of said subdivision; thence south 1 east parallel with the west line of said subdivision 205.05 feet to the south line thereof; thence east 125.83 feet to the point of beginning; EXCEPT the west 140.03 feet of the east 674.0 feet of the south 166.55 feet; EXCEPT the road along the south line thereof. Section 2. There is hereby created a Local Improvement District, • to be called "Local Improvement District No. 1016," which said district shall include all of the property adjacent to the above mentioned improve- ments which are subject to assessments. Section 3. The assessments shall be made according to special bene- fits 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 Dis- trict, 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. 1016," 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 at a rate not to exceed 82 /o 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 -2 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 411 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 14th day of February , 1978. Mayor ATTEST: IMP O City 411 -3-