HomeMy WebLinkAbout1990-3317 Local Improvement District ORDINANCE NO. 2k 33
• AN ORDINANCE rovidin for the improvement of certain property by a 12-inch water system; establishing a
Local Improvement District, providing for the method of
payment thereof, and creating a special fund.
BE IT ORDAINED BY THE CITY OF Y •
Section 1. The following described property situate in Yakima County,
Washington. shall be improved by constructing a 12 -inch public water
system
Yakima County Parcels 181429 -32007 and 181429- 33011. Refer to Exhibit B
and Exhibit C.
Section 2. The nature and territorial extent of said proposed
improvements is as follows:
Route of 12 inch line: Beginning at the existing water line
located north of the railway; thence north on Gleed Road
approximately 5,560 LF to the Naches Valley Elementary School.
• Section 3 There is hereby created a Local Improvement District, to be
called "Local Improvement District No 1048 ", which said district shall
include all of the above described property.
Section 4 The assessments shall be made according to special benefits
derived from the improvements without regard to the zone and termini
method.
Section 5. All costs and expenses in connection with the construction
of said improvements, including the engineering, inspection, advertising,
publication of notices, and all other expenses incident thereto, shall be
levied and assessed against all of the property legally and properly assessable
therefor as provided by law and as above described.
Section 6. 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 7. The work necessary to be done in connection with the
• making of said improvements shall be done by contract upon competitive
bids according to specifications and plans as prepared by the Engineering
ORDRES TT 1
Division of the Department of Engineering and Utilities, and the City shall
have the power to reject any and all bids.
Section 8. There is hereby created a special fund, to be known as
"Local Improvement Fund, District No. 1048 ", 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 9 Bonds shall be issued in payment of the costs and expense
of said improvements, which bonds shall be redeemed by the collection of
special assessments to be levied and assessed upon the property within said
district, which assessments, with interest, shall be 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, this
improvement may be financed by the issuance of notes, under the authority
of R.0 W. 39 50 and Section 8 12 100 of the City of Yakima Municipal Code
The term and interest rate of bonds and special assessments contemplated
by this section shall conform to provisions, terms and conditions to be
specified by a subsequent ordinance of the City of Yakima.
Section 10. The actual assessments levied for this improvement may
vary from the assessment estimates so long as they do not exceed a figure
equal to the increased true fair value the improvement adds to the property
Section 11 This ordinance is one relating to local improvements 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 / day
of tuna , 199_a.
Qa-t
MAYOR
ATTEST:
CITY CLERK
Publication Date: t 1 -
Effective Date: 1 ? b
411
ORDRES 172