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HomeMy WebLinkAbout1950-B-1160 X 134_ ORDINANCE NO. B-1160 AN ORDINANCE providing for the improvement of certain property by grading., ballaeg.ng, surfacing and constructing concrete curbs and gutters; 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 Thirtieth Avenue South from Tieton Drive to West Walnut Street, in the City of Yakima, shall be improved by grading, ballasting, surfacing and constructing concrete curbs and gutters, and to be constructed in full accordance with the plans and specifications prepared by the City Engineer and -filed with the City Clerk. The property to be benefited by this improvement consists of the following: Beginning at a point on the North line of Tieton Drive 139.$ feet West of 30th Avenue South; said point being the Southwest corner 3 of Lot 12, Neilan's Memorial Heights; thence Northerly and parallel with 30th Avenue South to•the Northwest corner of Lot 1., Neilan's Memorial Heights; thence Easterly along the North line'of. said Lot 1 and said North line extended, a distance of 329. -8 feet; thence South- erly and parallel with 30th Avenue South to Tieton Drive; thence Westerly along Tieton Drive to the point of beginning. Section 2. There is hereby created a Local Improvement District to be called Local Improvement District No. 703, which said district shall include all of the property described and set forth in Section 1 hereof. Section 3. All of the cost and expense in connection with the making and construction of said improvement, including the cost•and expense of engineering, inspection, advertising, publication of notices and all other expenses incident there - to, 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 portion of said cost and expense of said improvement. Section 4. All of the aforesaid construction work shall be in accordance with plans, profiles, specifications, 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 5. All of the work necessary to be done in connection 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 6. There is hereby created a special fund to be called "Local Improvement Fund, District No. 703 ", 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 this City, all premiums and interest on said bonds issued for said improvement; Section 7. 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 8. 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 7th day of August, 1950. ATTEST: PEARL BENJAMIN (S E A L) G. W. BURNS City Clerk Mayor I hereby certify that the foregoing is a full, true and correct copy of Ordinance No. B -1160 entitled: "AN ORDINANCE providing for the improvement of certain property by grading, ballasting, surfacing and constructing concrete curbs and gutters; establishing a Local Improvement District, providing for the method of payment therefor, and creating a special fund.', as passed on this 7th day of August, 1950, and that same has been published as required by law. I-41e C I T CLERK 6.