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HomeMy WebLinkAbout1950-B-1120 r 9 4 ORDINANCE NO. B -1120 AN ORDINANCE providing for the improvement of property in the City of Yakima, Washingto by the construction of a sewer 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 property in the City of Yakima, Washington, shall be improved by the construction of pipe sewers with the necessary wye branches, drains, manholes, flush tanks with water connections therefor, which property is hereinafter more particularly described in Section 2 hereof, and by doing all auch work as may be necessary in connection therewith, all in accordance with the plans and specifi- cations therefor prepared by the City Engineer, passed, approved, and on file with the City Clerk. Section 2. There is hereby created and established a Local Improvement District to be called "Local Improvement District No. 690;" which said district is described as follows Beginning at the southwest corner of the intersection of Englewood Avenue and 27th Avenue North; thence southerly along the West line of 27th Avenue North to the South line of Wally Lane; thence Easterly along said South line to a point which is 264.6 feet West of the center line of 26th Avenue North; thence south 34 °13' West 41..6 feet; thence South 61 °45' East 54 feet; thence South 31 °38' West 132.4 feet to the North line of Powerhouse Road; thence North- westerly along said North line to the South line of Englewood Avenue; thence Easterly along said South line to the point of beginning. Section 3. All of the costs and expenses in connection with the making and construction of said improvement, including the cost and expense of all engineer- ing, 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 accordance with the special benefits conferred thereon in the manner 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 expense of said improvement. Section 4. All of the work necessary to be done in connection with the making of said improvement shall be done by and made by contract upon competitive bide; and said City of Yakima shall have and reserves the right to reject any and all bids. Section 5. There is hereby created a special fund, to be called ' 'Local Improvement Fund District No. 690 ", into which shall be paid all sums paid on account of the aforementioned special assessment including all interest and penalties thereon, and, in the event of the sale of Local Improvement District Bonds by the City, all premiums and interest on said bonds issued for said improvement. Section 6. Bonds bearing interest at the rate of 4 per cent per annum, payable on or before 12 years from date of issuance, shall be issued in payment of the cost and expense of said improvement, which bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said district, payable in 10 equal annual installments, with interest at the rate of 4 per cent per annum, interest payable annually under the mode of "payment by bonds" as defined by the statutes of the State of Washington and the Ordinances 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 City Charter. PASSED BY THE CITY COMMISSION, signed and approved, this 27th day of March, 1950. ATTEST: PEARL BENJAMIN (SEAL) N. K. BUCK City Clerk Mayor I hereby certify that the foregoing is a full, true and correct copy of Ordinance No. B -1120 entitled, "AN ORDINANCE provding for the improvement of property in the City of Yakima, Washington, by the construction of a sewer; establishing a Local Improvement District, providing for the method of payment therefor and creating a special fund," as passed on this 13th day of March, 1950, and that same has been published as required by law. / / A i ER ilk: