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HomeMy WebLinkAbout1956-B-1896 360 ORDINANCE NO. B -1896 AN ORDINANCE providing for the improvement of property in the City of Yakima by the construction of a domestic water system, 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 property in the City of Yakima, Washington, shall be improved by the construction of a domestic water system, with the necessary mains, fire hydrants, valves and other appurtenances for the purpose of supplying water for domestic use and fire protection; said improvement to serve the property the boundaries of which are described as follows: •Beginning at the intersection of the centerline of -south first street and Mead Avenue; thence East along the centerline of Mead Avenue 395 feet; thence South 186.2 feet; thence East 90 feet; thence South 273.3 feet; thence West to the centerline of South First Street; thence southeasterly along said centerline to the South line of the N. 210 feet of the Si, NE4, NE4, of Sec. 31, Township 13 N. Range 19, E.W.M.; thence West along said south line to a point which is 480 feet east of the west line of said subdivision; thence South to the south line of the north half of the NE4 of said Sec. 31, thence westerly along said south line to a point which is westerly of, and 130 feet measured at right angles from the easterly line of the Northern Pacific Railway Cols. right -of -way; thence northwesterly along a line parallel with the main track of the said railway to the centerline of Mead Avenue; thence easterly along said centerline to the point of beginning. all of said improvement to be constructed in full accordance with the plans and specifications to be prepared by the City Engineer. Section 2. There is hereby created and established a Local Improve- ment District, to be called "Local Improvement District No. 843 " which said district shall include all of the property described and set t'orth in Section 1 hereof. Section 3. A portion of the cost and expenses of said improvement, including the cost of acquiring right of way easements, engineering, surveying, advertising, inspection, publication of notices and other expenses incident there- to, the same being estimated by the City Engineer to be approximately $20,974. 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 em o of the City of Yakima; and the City Water Department, shall pay the the cost and expenses of said improvement, said portion being estimated by the City Engineer to be approximately the sum of 20,095.1)4 , pursuant to segregation of said costs in accordance with Resolution No. C -1051, adopted on March 30, 1953. Section 4. All of the work necessary to be done in connection with the making of said improvement shall be done by the City of Yakima. Section 5. There is hereby created a special fund, to be call "Local Improvement Fund, District No. 843 ", into which shall be paid all sums paid on account of the aforementioned special assessment, including all interest and penal- ties 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 6. Bonds bearing interest at the rate of 4% 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 ten 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 ordin- ances 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 the City Charter. PASSES BY THE CITY COMMISSION, signed and approved this 13th day of June, 1956. ATTEST: J. A. SMITH (S E A L) C.H. BEHNKE City Clerk Mayor I hereby certify that the foregoing is a full, true and correct copy of II Ordinance No. B -1896 entitled "AN ORDINANCE providing for the improvement of property in the City of Yakima by the construction of a domestic water system, establishing a local improvement district, providing for the method of payment therefore, and creating a special fund." as passed on. the 13th day of June, 195 and that same has been published as required by law. / /' %'- o, TY CLERK