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HomeMy WebLinkAbout1957-B-2065 557 ORDINANCE NO. B -2065 AN ORDINANCE providing for the improvement of certain property by grading, ballasting, surfacing with asphaltic concrete, and constructing concrete curbs and gutters, together with the necessary drainage features; establishing a Local Improvement District, providing for the method of payment thereof, and crea- ting a special fund. BE IT ORDAINED BY THE CITY OF YAKIMA: 111 Section 1. That the following street shall be improved by grading, ballas- ting, surfacing with asphaltic concrete, and constructing concrete curbs and gutters, to- gether with any necessary drainage features: 34th Avenue South from Walnut Street to Tieton Drive 34th Avenue South from Webster Avenue to the North line of Rose Park Addition. All of said improvements shall be constructed in full accordance with the plans and spec- ifications prepared by the City Engineer and filed with the City Clerk. Section 2. There is hereby created a Local Improvement District, to be call- ed "Local Improvement District No. 856 ", which said district shall include all of the property adjacent to the above- mentioned improvements which are subject to assessments, said property being described above. Section 3. The assessments shall be made according to special benefits de- rived from the improvements without regard to the zone and termini method. All costs and expenses in connection with the construction of said improve- ment, including the cost and espense of 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 the manner and as 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 expen- ses of said improvement. III Section 4. All of the aforesaid construction work shall be in accordance with the plans and specifications, profiles, maps and detailed drawings which have been prepared by 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. 856 ", 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 the City, all premium 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 twelve (12) years from the date of issuance, shall be issued in payment of the costs and espense 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, int- erest payable annually, under the mode of payment "payment by bonds ", as defined by the statutes of the State of Washington and the ordinances of the City of Yakima. 111 Section 8. This ordinance is one relating to local improvements 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 21st day of August, 1957. ATTEST: J.A. SMITH ( SEA L ) JOE K. ALDERSON CITY CLERK MAYOR I hereby certify that the foregoing i s a true, full and correct copy of Ordinance No. 3 -2065, entitled "AN ORDINANCE providing for the improvement of certain property by grading, ballasing, surfacing with asphaltice concrete, and constructing concrete curbs and gutters, together with the necessary drainage features; establishing a Local Improve- ment District, providing for the method of payment thereof, and creating a special fund4 ad passed on the 21st day of August, 1957, and that the same has been published as re- quired by law. +. .7 X C L E R K 1 1