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HomeMy WebLinkAboutR-1995-142 Local Improvement District (LID)RESOLUTION NO. R-95 A' RESOLUTION of intention to create a local improvement district and to issue tax exempt bonds to finance improvements. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA: That it is its intention to improve the property within the following described district by constructing a domestic sewer system on Alpine Court. All of said improvements to be constructed in full accordance with the plans and specifications to be approved by the City Engineer and filed with the City Clerk. That the nature and territorial extent of said proposed improvement is as follows: ROUTE OF 8 -INCH LINE: Beginning at existing sewer line located on N. 88th Avenue, thence west in Alpine Court, consisting of approximately 370 lineal feet of 8 -inch sewer line and appurtenances. The district to be served by and specially benefited by and assessed for the above-described improvement is situate in Yakima County, Washington, and is all of the property described below: Yakima County parcels 181319-31465, 181329-31466, 181319- 31467, 181319-31468, 181319-31469, 181319-31470, 181319- 31471, 181319-31472, 181319-31473, 181319-31474. All persons who may desire to be heard with reference to said proposed improvements are hereby directed to appear at a meeting of the City Council to be held at its office in the City Hall in the City of Yakima, Yakima County, Washington, at the hour of 2:00 o'clock p.m. on Tuesday, November 7, 1995, which time and place are hereby fixed for the hearing of all matters relating to said proposed improvement or objections thereto, and for determining the method of payment for said improvement; and Legal B/D RES DD Page 1 -- 10/2/95 the City Clerk is hereby directed to give due notice of said hearing and of the intention to make the aforesaid improvements. All costs and expenses in connection with the construction of said improvements, shall be :Levied and assessed against all of the property legally and properly assessable therefore as provided by law and as above described. The actual assessments levied for this improvement may vary from the assessment estimates so long as they do not exceed a figure equal to the increased true fair value the improvement adds to the property. Upon completion of the improvements, an assessment roll shall be prepared and, after notice and hearing in the manner provided by law, an assessment roll shall :be confirmed. Assessments not paid within the 30 -day prepayment period provided by law shall be payable in installments and the City shall issue improvement district bonds payable from such unpaid installments. It is the intent of the City to reimburse a portion of the costs of these improvements with the proceeds of bonds to be issued by the City. The interest on these bonds is excludable from gross income under Section 103 of the :Internal Revenue Code of 1986, as amended. This declaration of official intention is made pursuant to Section 1.103-18 of the Income Tax Regulations promulgated by the U.S. Department of Treasury. The City Engineer is hereby directed to submit to the City Council at or prior to the date herein fixed for said hearing all of the data and other information required by law to be by him. submitted. ADOPTED BY THE CITY COUNCIL, this /1 day of , 1995. {' J MAYOR ATTEST: CITY CLERK Legal 8/D RES DD Page 2 -- 9/28/95 EXHIBIT A Legal Descriptions for Parcels located within LID Boundary: Yakima County Parcel No. 181319-31465 Located at 8802 Alpine Court Legally Described as Druse Subd. No. 3, Lot 1 Owner: Douglas M. ET UX Huysman Yakima County Parcel No. 181319-31466 Located at 8804 Alpine Court Legally Described as Druse Subd. No 3, Lot 2 Owner: Gary A. ET UX Cramer Yakima County Parcel No. 181319-31467 Located at 8806 Alpine Court Legally Described as Druse Subd. No. 3, Lot 3 Owner: Elwood W. & Delia P. Gams Yakima County Parcel No. 181319-31468 Located at 8808 Alpine Court Legally Described as Druse Subd. No. 3, Lot 4 Owner: Darrell D. ET UX Bray Yakima County Parcel No. 181319-31469 Located at 8810 Alpine Court Legally Described as Druse Subd. No. 3, Lot 5 Owner: Jonathan L. ET UX Bensch Yakima County Parcel No. 181319-31470 Located at 8812 Alpine Court Legally Described as Druse Subd. No. 3, Lot 6 Owner: Opal Myhres Yakima County Parcel No. 181319-31471 Located at 8809 Alpine Court Legally Described as Druse Subd. No. 3, Lot 7 Owner: Wayne & Ok-Hui Wantland Yakima County Parcel No. 181319-31472 Located at 8807 Alpine Court Legally Described as Druse Subd. No. 3, Lot 8 Owner: Debby D. Taylor Yakima County Parcel No. 181319-31473 Located at 8801 Alpine Court Legally Described as Druse Subd. No. 3, Lot 9 Owner: Richard H. & Barbara Johnson Yakima County Parcel No. 181319-31474 Located at 8803 Alpine Court Legally Described as Druse Subd. No. 3, Lot 10 Owner: Jeffrey J. & Leslie A. Yamada Alpine Court Sewer LID 1 0 of Yakima, Washington September 20, 1995 .