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HomeMy WebLinkAbout1953-B-1520 562 ORDINANCE NO. B -1520 AN ORCINANCE providing .for the improvement of property in the City of Yakima, Washington, by piping the Union Ditch Company`s open irrigation ditch on the west side of Fair Avenue between Pacific Avenue and Washington Street.; establishing a Local Improvement District; and providing fm the method of payment there- for. . • BE IT ORDAINED BY THE CITY OF YAKIMA: Section 1, That the following described lots .and tracts of land shall be improved by piping .the union Ditch Company's open irrigation ditch on the west side_of Fair Avenue between Pacific Avenue and Washington Street: . Lots 1,'2 3, 4, Block 200 Walker Addition Lots 13, 14, 15, 16, . Block 200 Walker Addition Lots 1, 2•, 3, 4,, Block 201 Walker Addition Lots 13, 14, 15, 16,. Block 201 • Walker Addition Lots 1, 2; 3.0 4 Block 202 Walker Addition Lots 13, 14, 15, 16, Block 202 LaSalle`Addition Lots 1, 2, 3, 4, Block 203 . LaSalle. Addition according to the official plat thereof on record in the office of the Auditor 'of Yakima County, Washington, situated in the City of Yakima . in said Section 2, There is hereby created and established a Local Improvement District, to be called "Local Improvement District .No, 768 ", which said district shall include all of the property described and set forth in Section 1 hereof. Section 3. Thirty (30g cent of all construction costs, plus all overhead,. including the engineering, inspection, advertising, publication of notices and all other expenses incident to the construction,of said improvement, shall be levied and assessed against the property embraced with,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. Fifty (50 %) per cent of the'construction costs are to be borne by the Union Ditch Company and Twenty (20 %) percent of said construction costs are to be borne by,the City of Yakima, payable out of`the• Street Fund,• and that emergency warr.ants.thereon be. issued. Section 4. A11. of the aforesaid construction work shall be.in.accordance with the 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 by and made by contract upon competitive bids, and said City of Yakima shall have and reserves the right to reject any and all bids. Section 6. There is hereby created a special fund to be called "Local Improvement District Fund, District No. 768 ", 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 said 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 the date of issuance, shall be issued on the thirty (30%) of all construction costs levied and assessed against the above described property and shall be issued in payment of 30% of the cost and expense of said improvement. Said 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. These bonds shall not apply to the fifty (50 %) percent of construction costs to be borne by the Union Ditch Company nor the twenty (20 %) percent to be borne by 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 14th day of December, 1 953• ATTEST: PEARL BENJAMIN (S E A L) G. W. BURNS City Clerk Mayor I.hereby certify that the foregoing is a true, full and correct.copy of Ordinance No. B -1520 entitled "AN ORDINANCE providing for the improvement of property in the City of Yakima, Washington, by piping the Union Ditch Company's open irrigation ditch on the west side of Fair Avenue between Pacific Avenue and Washington Street; establishing a Local Improvement District; and providing for the method of payment therefor." as pass- . ed this 14th day of December, 1953, and that same has been published as required by law. D aof / 110 : ' CITY/CLERK 6.