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HomeMy WebLinkAbout1954-B-1561 x 614 • ORDINANCE NO. B -1561 AN ORDINANCE providing for the improvement of certain property by constructing a pipe sewer with the necessary wye branches, extensions, manholes, flush tank, and water connection therefor; 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 hereinafter described property in the City of Yakima Washington shall be improved by the construction of a pipe sewer with the necessary wye branches, extensions, manholes, flush tank and water connection - therefor, and by doing all such other work as may be necessary in connection therewith. Section 2. There is hereby created and established a Local Improvement District to be called "Local Improvement District No. 769 "; Which- said district is de- scribed as follows: Lots 1 to 16 inclusive, of Hillacre Addition to the City of Yakima, Yakima County, State of Washington. Section 3. All of the costs and expenses in connection with the making and construction of said improvement, including the engineering, 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 aforesaid construction work shall be in full accord- ance with the plans, specifications, profiles, 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 said City of Yakima shall have and reserve the right to reject any and all bids. Section 6. There is hereby created a special fund, to be called "Local Improvement Fund, District No. 769 ", into which shall be paid all sums paid on account of the aforementioned 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 percent per annum, pay- able 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 the 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 E. This ordinance is one relating a local improvements or assess- ments therefor, and shall become effective immediately upon its passage, approval and publication as provided by.C,ity Charter, PASSED BY THE CITY COMMISSION, signed and approved this 24th day of May, 1954. 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 -1561 entitled "AN ORDINANCE providing for the improvement of certain property by constructing a pipe sewer with the necessary wye branches, extensions, manholes, flush tank, and water connection therefor; establishing a Local Improvement District, providing for the method of payment therefor, and creating a special fund." as passed this 24th day of May, 1954 and that same has been published as required by law. C I T C L E R • L