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HomeMy WebLinkAbout1958-B-2158 ORDINANCE NO. B -2158 AN ORDINANCE providing for the improvement of property in the City of Yakima by the construction of necessary mains, fire hyd- rants, valves and other appurtenances for the purpose of supplying water for domestic use and fire protection, establishing a Local Improvement District, providing for the method of payment therefor, and creating a special fund; BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1. That the property in the City of Yakim4, Washington, shall be improved by the constructi n of necessary mains fire hydrants, valves and other appurtenances for the purpose of supp- lying water for domestic use and fire protection; said improvement to serve the property the boundaries of which are described as follows: Beginning at the northeast corner of theintersection of N. 32nd Avenue and Lincoli Avenue; thence northerly along the east line of North 32nd Avenue a distance of 740.8 feet, thence easterly 632.8 feet to the east line of the Wa, NW*, NW *, of Section 23, Iown- ship 13 N., Range 18, E.W.M., thence south along said east line to Lincoln Avenue; thence west along the north line of Lincoln Avenue to the point of beginning. All of said improvement to be constructed in full accordance with the plans and specifications to be prepared by the City Engineer. Section 2. There is hereby created and established a Local Improvement District, to be called "Local Improvement District No. 863 ", which said district shall include all of the property des- cribed and set forth in Section 1 hereof. Section 3. All of the cost and expenses of said imp- rovement, including the engineering, inspection, advertising, publi- cation of notices, and any other expenses incident thereto shall be levied and assessed against the above described property as provided by law, all in accordance with the data and information heretofore submitted and filed with the City Commission of the City of Yakima by the City Engineer as required by law. Section 4. All of the work necessary to be °done in connection with the making of said improvement shall be done by the City of Yakima. Section 5. There is hereby created a special fund to be called "Local Improvement Fund, District No. 863" into which shall be paid all sums paid on account of the aforementioned special assess- ment, including all interest and penaltied thereon; and in the event of the sale of local improvement bonds by this City, all premiums and interest on said bonds issued for said improvement. Section 6. Bonds bearing interest at the rate of 4% per annum, payable on or before 12 years from date of issuance shall be issued in payment of the costs and expenses of the 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 annual installments, with interest at the rate of 4% per annum, interest payable annually under the mode of " payment by bonds" as defined by the statutes of the State of Was4- ington and the ordinai ces of the City of Yakima. Section 7. 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 the City Charter. Passed by the City Commission, signed and approved this 7th day of May, 1958. 29_ ORDINANCE NO. B-2158 ATTEST: J.A. SMITH , (SEAL) JOE K. ALDERSON CITY CLERK MAYBR I hereby certify that the foregoing is a true, full and correct copy of Ordinance No. B-2158 entitled "AN ORDINANCE providing for the improvement of property in the City of Yakima . 3y the construction of necessary mains, fire hydrants, valves and other appurtenances for the purpose of supplying water for domestic use and fire protection, estab- lishing a Local Improvement District, providing for the method of pay- ment therefor, and creating a special fund;", as passed on the 7th day of May, 1958, and that the same has been published as required by law. Y CLERK