HomeMy WebLinkAbout1979-2279 STREET IMPROVEMENT 410 ORDINANCE NO, 4 2.0779
AN ORDINANCE providing for the improvement of certain streets
by grading, ballasting, surfacing with asphaltic
concrete and constructing concrete curbs and gutters,
together with the necessary drainage features; es-
tablishing 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 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 47th Avenue from the north line of "Larson Lots"
to Modesto Way;
Modesto Way from North 46th Avenue to North 47th Avenue;
and
The West half of North 46th Avenue from the north line
of "Larsons Lots" to the south line of "Carriage Hill".
Section 2. There is hereby created a Local Improvement Dis-
trict, to be called "Local Improvement District No. 1025", which
said district shall include all of the property adjacent to the
above mentioned improvements which are subject to assessment.
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
construction 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
0 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
0 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
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 41 "
called "Local Improvement Fund, District No. 1025", 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 issuanill
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 pay-
able annually under the mode of payment "payment by bonds" as,
defined by the statutes of the State of Washington and the ordi-
nances 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 pro-
vided by law and by the City Charter.
wig--
PASSED BY THE CITY COUNCIL, signed and approved this
day of Cty 1979.
). 410
( Mayor
ATTEST:
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City C er
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