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HomeMy WebLinkAbout1950-B-1179 1 163 ORDINANCE NO. B -1179 AN ORDINANCE providing for the improvement of property in the City of Yakima, Wash- ington, by the construction of a domestic water system; establishing a Local Improvement District; providing for the method of payment there- for 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 im- proved by the construction of a domestic water system consisting of necessary mains, fire hydrants, valves and other appurtenances for the purpose of supplying water for domestic use, and to be constructed in full accordance with the plans and specifica- tions 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. 708 ", which said district is described as_follows: . • Beginning at -the intersection of 27th Avenue North and Englewood Avenue; thence Westerly along Englewood Avenue to a point 134.2 feet West of the West line of 27th Avenue North; thence Southerly and parallel with said West line to the Northwest corner of Lot 3, Wallingford Subdivision No. 5; thence Southeasterly along the Southerly line of said Lot 3 to 27th Avenue North; thence Easterly to the Southwest corner of Lot 4, Wallingford Subdivision No. 5; thence continuing Easterly along the South line of said Lot 4 to the Southeast corner thereof; thence Northerly and parallel with 26th Avenue North to the South line of Wallingford Addition No. 2; thence Westerly along said South line to the Southeast corner of Lot 8 of Wallingford Subdivision No. 5; thence N ortherly along the East line of said lot to Englewood Avenue; thence Westerly to 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 expenses 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 bids or by the City of Yakima; 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. 708", into which shall be paid all sums paid on account of the aforementioned special assessment, including all interests 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 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 coll- ection 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 9th day of October, 1950. ATTEST: PEARL BENJAMIN ( SEA L ) G. W. Burns City Clerk Mayor T hereby certify that the . foregoing is a full, true, and correct copy of Ordinance No. B-1179 entitled :. "AN ORDINANCE providing for the improvement of property in the City of Yakima, Washington, by the construction of a domestic water system;. es- tablishing a Local Improvement District; providing for the method of payment therefor and creating a special fund." as passed on this 9th day of October, 1950, and that same has been published as required by law. i / i r • 1 Iru 49 CITY /CLERK