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HomeMy WebLinkAbout1992-3465 Local Improvement District Fund ORDINANCE NO.3 4 6 5 AN ORDINANCE of the City of Yakima, Washington ordering cer- tain local improvements and creating a local improvement district; providing for the payment of the cost of such improvements by special assessments; creating a local improvement dis- trict fund; and providing for the issuance and sale of local improvement district bonds and interim financing warrants or notes. WHEREAS, on May 26, 1992, the City Council of the City of Yakima, Washington (the "City ") adopted Resolution No. D -6124 declaring its intention to order certain local improvements within the City and to create a local improvement district; and WHEREAS, the proposed improvements are within the compre- hensive plan of the City of Yakima, as amended; and WHEREAS, a hearing was held on June 23, 1992, after notice as provided by law, and after discussion of the pro - . posed improvements and due consideration thereof and of all objections thereto, the Council has determined to order the local improvements described below and to create a local improvement district; and WHEREAS, estimates of the costs and expenses of the proposed improvements, a description of the boundaries of the district, a statement of what portion of fhe costs and ex- penses of the improvements would be borne, by the property within the proposed district, and a diagram showing the lots, tracts, and parcels to be benefited and other information pertaining to the proposed district, have been filed with the City Clerk and certified to the City Council; now, therefore, BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. The City shall acquire, construct, and install the following improvements within the following de- scribed areas of the City: That it is its intention to improve the property within the following described district with the reconstruction of North 1st Avenue per City of Yakima design - 1 - (ord /lid2.jw) criteria for'heavy vehicles; all of said improvements to be constructed in full accordance with the plans and specifica- tions to be prepared by the Office of the City Engineer and filed with the City Clerk. Route of Improvement: North 1st Avenue from Yakima Avenue to "I" Street The nature and territorial extent of said proposed improvement is as stated above. The district to be served by and specially benefited by and assessed for the above - described improvement is situate in Yakima County, Washington, and is all of the property described below: Beginning at a point on the Southerly Line of Block 210 "Town of North Yakima, Now Yakima," according to the Plat thereof recorded in Volume A of Plats, Page 10 and re- recorded in Volume E of Plats, Page 1, Records of Yakima County, Washington, situate 121.5 feet Southwesterly of the most Easterly corner thereof; 4110 Thence Northwesterly parallel with the Easterly line of Blocks 210, 209 and 208, and said line extended, to a point on the Northwesterly Line of said Block 208 situate 121.5 feet Southwesterly of the most Northerly corner thereof; Thence Northwesterly to the most Southerly corner of Lot 1, Block 207, said Town of North Yakima; Thence Northwesterly to the most Westerly corner of Lot 1 of said Block 207; Thence Northwesterly to a point on the Northerly Line of "D" Street situate 127 feet Southwesterly of its intersection with the Westerly Line of 1st Avenue; Thence Northwesterly parallel with the West Line of 1st Avenue to the South Line of Cherry Avenue; Thence Northwesterly to a point on the North Line of said Cherry Avenue situate 41/ - 2 - (ord /lid2.jw) 145.5 feet Westerly of its intersection with the Westerly Line of 1st Avenue; Thence Northwesterly parallel with the Westerly Line of 1st Avenue 466.15 feet; Thence Northwesterly to the Southwest corner of Lot 6, "Millview Addition to Yakima, Now Yakima," according to the plat thereof recorded in Volume A of Plats, Page 113, Records of Yakima County; Thence Northerly along the West Line of said Lot 6 and said line extended, to the South Line of Block 2 of said Millview Addition; Thence Westerly along the South Line of said Block 2 and said line extended, to the center of vacated alley adjacent thereto; Thence Northerly along the center of said vacated alley to the North Line of said • Block 2; Thence Easterly along the North Line of said Block 2 to the extended West Line of Block 3 of said Millview Addition; Thence Northerly along the West Line of said Block 3 to the North Line thereof and the South Line of Lot 16 "Leamings Addi- tion to North Yakima" according to the Plat thereof recorded in Volume A of Plats, Page 71, Records of Yakima County; Thence Westerly along the South Line of said Lot 16 to the West Line of the East- erly 150 feet thereof; Thence Northwesterly parallel with the East Line of said Lot 16 and said lot extended, to the South Line of said Lot 15, Leamings Addition; Thence Southwesterly along the Southerly Line of said Lot 15 to the most Southerly corner thereof; Thence Northerly along the West Line of said Lot 15 to the Northwest corner there- of; - 3 - ford /lid2.jw) Thence Northerly to the Southwest corner of Lot 10, said Leamings Addition; Thence Northerly to the corner common to Lots 10 and 8 of said Leamings Addition; Thence Westerly along the South Line of said Lot 8 to the Southwest Corner there- of; Thence Northerly along the West Line of said Lot 8 and said lot extended, to the North Line of the Southeast Quarter of Section 13, Township 13 North, Range 18 E.W.M.; Thence Easterly along said North Line to the Westerly Right -of -Way of the Washing- ton Central Railroad; Thence Southeasterly along said Right -of- Way line to the centerline of West Yakima Avenue; Thence Southwesterly along the centerline of West Yakima Avenue to a point bearing Southeasterly parallel with the West Line of 1st Avenue, from the Point of Begin- ning; Thence Northwesterly to the Point of Beginning. The above described parcel being situate within the Northeast Quarter of Section 24, and the Southeast Quarter of Section 13, all in the Township 13 North, Range 18 E.W.M., Yakima County, Washington. The foregoing improvements are hereafter referred to as the "Improvements." Section 2. The plans and specifications for the Improve- ments, as prepared by the City of Yakima, and now on file in the City Clerk's office, are hereby adopted and approved. The Improvements, when completed, shall be in accordance with said plans, the provisions of this ordinance and any other ordi- nance as hereafter may be adopted in connection herewith; provided, however, that changes in detail of such plans that - 4 - (ord /lid2.jw) � 41110 do not significantly alter the scope or costs of the Improve- ments will not require further approval. Section 3. There is hereby established a local improve- ment district of the City to be known as "Local Improvement District No. 1049" (herein referred to as "LID No. 1049 "). The boundaries of LID No. 1049 shall be as described in Exhibit A attached hereto and incorporated herein by this reference. It is hereby found that the above - described boundaries embrace as nearly as practicable all the property specially benefited by the Improvements. Section 4. The total cost and expense of the Improve- ments thereto is estimated to be $1,650,000.00 of which 30% shall be borne by and assessed against the property within LID No. 1049 specifically benefited by the Improvements. Assess- ments shall be made against the property within LID No. 1049 in accordance with the special benefits accruing to such property. Section 5. Upon completion of the Improvements, an assessment roll shall be prepared and, after notice and hear- ing in the manner provided by law, an assessment roll shall be confirmed. Assessments not paid within the 30 -day prepayment period provided by law shall be payable in installments and the City shall issue improvement district bonds payable from such unpaid installments. The number of years said install- ments shall run, the dates of payment of the same and the rate of interest that the unpaid installments shall bear shall be as hereafter fixed by ordinance. Section 6. There is hereby created a fund of the City to be known as the "Local Improvement District No. 1049 Fund" for the purpose of paying the cost of the Improvements provided for in this ordinance and into which there shall be paid all of the assessments collected in LID No. 1049 as and when directed by the ordinance confirming the assessment roll. All moneys received and warrants drawn on the LID No. 1049 Fund - 5 - (ord /lid2.jw) shall be deposited into said Fund, and applied solely in payment of the costs and expenses of the Improvements. Section 7. This ordinance shall be in full force and effect 30 days after its passage, approval, and publication as provided by law and by the City Charter. PASSED BY THE CITY COUNCIL, signed and approved this Dom6. day of � , 1992. 4 Mayor ATTEST: y CY,k.0 - 1 , ✓ yJ ,, chic_ City Clerk Publication Date: (0\ 1 410' Effective Date: '1`"14 \ 41 - 6 - (ord /lid2.jw) • NORTH 1ST A VENUE PAVING LID SUMMARY NORTH 1ST AVENUE PAVING PROJECT (YAKIMA AVENUE - "I" STREET) TOTAL LID PROJECT COST $495,000.00 SQUARE FOOT ASSESSMENT RATE: 0.322664333923 INTEREST RATE 0.01 TERM 20 YEARS Staff Map Signed LID LID Annual Report 1 Ref Name Parcel No Area Assess- 2 0 Year Prelimin. Pe ti y Calc. of No. (ion (Sq Ft.) men( Payment Annual Assessment 1 John M & Mary E. Roche . Yes 181313 -42496 31,363 $10,119 72 $509.99( +) 487.80 2 Burlington Northern RR Co No 181313 - 42497 56,192 18,131 15 906.56( 1,17228 3 Pat Roche Yes 181313 -42498 13,500 4,355.97 217.80( 243.90 4 Myrtle & Edward Cardiff No 181313 -42499 4,500 . 1,451.99 72 60( 259.63 5 Myrtle & Edward Cardiff No 181313 -42500 14,580 4,704 45 235.22( 338.31 6 Washington Dehydrated Food No 181313 -42501 24,829 8,01143 400.57( +) 228.16 Company 7 URS Club of Yakima No 181313 -42509 11,761 3,794.85 189 74( 212.43 • 8 URS Club of Yakima No 181313 -42510 18,731 6,043.83 302.190 338.31 9 M & W Leasing No 181313 -42516 172,498 55,658.95 2,782.950 3,115.60 10 John M. & Mary E. Roche Yes 181313 -42517 152,460 49,193.40 2,459 670 2,753.69 11 Washington Fruit & Produce Yes 181313 -44001 67,518 21,785.65 1,089.28() 1,156.55 Company 12 Roche Fruit Company Yes 181313 -44014 47,520 15,333 01 766 65( 857.58 13 Washington Fruit & Produce Yes 181313 -44015 104,040 33,570.00 1,678.50( 1,880.38 Company 14 John M Roche Et Al Yes 181313 - 44431 54,000 17,423.87 871 190 936.25 15 Washington Dehydrated Food No 181313 -44432 10,003 3,227.61 161.38() 975.59 Company 16 John M Roche Et Al Yes 181313 -44436 18,074 5,831.83 291.590 338.31 17 Craig Schultz Construction Yes 181313 -44440 37,149 11,986.66 599.33(1 708.09 Inc. 18 Craig Schultz Construction Yes 181313 -44441 9,019 2,910.11 145.510 173.09 Inc. 19 Roche Fruit Company Inc. Yes 181313- 72,465 23,381.87 1,169 090 1,447.65 44444 20 Patrick J Roche Yes 181313 -44450 51,300 16,552.68 827 63( +; 125.; 20A Patrick J Roche Yes 181324 -44005 7,841 2,530.01 126.50( +) * Not in original preliminary calculation of assess - _ ment TD-12 ML2 1 - 6/18/92 Staff Map Signed LID LID Annual R; mt Ref Name Lip Parcel No Area Assess- 20 Year Prelimin. No. ti on ( Sq. Ft.) ment Payment Calc. of l Annual Assessment 21 Washington Fruit & Produce Yes 181324 -11002 28,750 9,276.60 463.83(0 51927 Company 22 Washington Central Railroad No 181324 -11007 71,874 23,191 18 1,159.56(0 1,298.17 23 Helliesen Lumber & Supply No 181324 -11400 36,000 11,615.92 580.80( 653.02 Company, Inc. 24 Inland Fruit & Produce Co No 181324 -11401 62,820 20,269.77 1,013 49( 1,140.81 25 Donald R. Hollingberry Et AI Yes 181324 -11402 9,180 2,962.06 14810( 16522 26 Sundquist Fruit & Cold Yes 181324 -11403 18,000 5,807.96 290 40( 322.57 Storage, Inc. 27 Sundquist Fruit & Cold Yes 181324 -11404 18,000 5,807.96 290 40( 322.57 Storage, Inc. 28 Patrick J Roche Yes 181324 -11405 9,000 2,903.98 _ 145.200 165.22 29 Washington Fruit & Produce Yes 181324 -11406 9,000 2,903.98 145.20( 165.22 Company 30 Patrick J Roche Yes 181324 -11430 18,000 5,807.96 290 40( 322.57 31 0 E. Hollingbery, Jr Et AI Yes 181324 -11441 54,355 17,538.42 876.92( +) 684 49 32 0 E. Hollingbery, Jr Et Al Yes 181324 -11442 18,045 5,822.48 291 12.57 33 Sundquist Fruit & Cold Yes 181324 -11444 12,150 3,920.37 196 02() 220.30 Storage • 34 David K. Prentice No 181324 -11446 43,996 14,195.94 709.80(') 794.64 35 Yakima Fruit & Cold Storage No 181324 -14400 43,200 13,939.10 696.95( +) 653.02 Company, Inc. 36 Yakima Fruit & Cold Storage No 181324 -14402 46,170 14,897 41 744.87( 833.97 Company, Inc 37 Keith Helms and Robt. Neely No 181324 - 14407 38,000 12,26124 613 06(0 771.03 38 Delwayne Matthews . No 181324 -14409 18,219 5,878.62 293 93( 306.84 1,534,102 495,000.00 ( +) Increase from 7/30/91 staff report preliminary calculation ( -) Decrease from 7/30/91 staff report preliminary calculation * Mr Roche was contacted and made aware this parcel was overlooked in 7/30/91 staff report preliminary calculation He has verbally concurred in this assessment. 0 TD-12 ML2 2 - 6/18^92 L L4 J_{r1 i - SCHOOL ' \ W I S T E I S T 1111 1111 ii lip. -____ / 1114 SI III 0 - .0,, a i„ . T fr• / ti 110 I y Eg Y _L___, — .-- / n J 10 w O Thli ' — _ / I I / S ' U 1 N C E / � i � E T . j�. ' �' v' t -e-A, , in. 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