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HomeMy WebLinkAbout1955-B-1736 ORDINANCE. NO. B -1736 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 cre- ating a special fund. BE IT ORDAINED BY THE CITY OF YAKIMA: • Section 1. That Clinton Way from 24th Avenue South to 28th Avenue South shall be improved-by grading, ballasting, surfacing and constructing concrete curbs and gutters; all of said improvements 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: Lots 1 to 16 inclusive, Block 2, Shannon*Homes Addition to the City of Yakim_, according to the recorded plat thereof on file in the office of the Auditor of Yakima County, Washington. Section 2. There is hereby created a Local Improvement District to be cane. "Local Improvement District No. 819 ", which said district shall include all of the prope ty described and set forth in Section 1 hereof. Section 3. All of the costs and expenses in connection with the making and construction of said improvement, including the cost and expense of engineering, inspec- tion, 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 and as provided by laws 'of the State of Washington, and the ordinances of the City of Yakima, an. 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 whall be in accordance with the plans, specifications, profiles, maps and detailed drawings which have been pre- . pared 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 mak- ing 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 Im- provement Fund, District No. 819 ", into which shall be placed all sums paid on account of the aforesaid .special assessment, including all interest and penalties thereon; and, in • the event of the sale of Local Improvement Bonds by the City, all premiums and interest on said bonds issued for said improvement. • Section 7. Bonds bearing interest at the rate of 4% per annum, payable on or before 12 years from the date of issuance, shall be issued in payment of the cost and ex pense of said improvement;' which bonds shall be redeemed by the collection of special assessments to and assessed upon the property within said district, payable in 10 equal annual installments, with interest at the rate of 4% 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 improvement or assess- ments therefor„ and shall become effective immediately upon its passage, approval,.and publication as provided by the City Charter. PASSED BY THE CITY COMMISSION, signed and approved this 29th day of August, 1955. 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-1?36 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 the 29th day of August, 1955 and that has been published by law. iC4/ CITY C: •