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HomeMy WebLinkAbout1130 Ordinance, A CITY OF PASCO, WASHINGTON ORDINANCE NO. 1130 AN ORDINANCE ordering the improvement .of West Bonneville Street from North 3rd Avenue to North 4th Avenue by the construction of curbs and gutters, grading and ballasting, and surfacing from curb to curb for a total width of 51 feet and South Douglas Street from Butte Street to Helena Street.by the construction of curbs and sidewalks on both sides thereof, all in accordance. with Resoluti.on.No. 571 of the City Council of the'City of Pasco, Washington; establishing Local Improvement District No. 68; providing the method,of assessment in said District; providing that payment for said improvements . be made by special assessments upon properties in the District, payable by' the mode of "payment by bonds"; and providing for the issuance and sale,of local improvement district warrants redeemable in cash and local improvement district bonds. WHEREAS, by Resolution No. 571, adopted December 17, 1963, the City,Council of the City of Pasco declared its intention to order the improvement of certain streets and avenues within the City and fixed the 7th day'of January, 1964, at 8:00 o'clock p.m. (PST) in the Council Chambers in the City Hall, Pasco, Washington, as the time and place.for hearing all matters relating to said proposed improvement and all objections thereto and for determining the method of payment for said improvement; and WHEREAS, George Fisher, the City Engineer, has caused an estimate to be.made of the cost and expense of each continuous unit of the proposed improvement and has certified said estimate to the City Council, together with all papers and information in his possession touching the proposed.improvement,.a description of the boundaries of the District, a statement of what portion of the cost.and expense of the improvement should be borne by the property within the proposed district, a.statement in detail of the local improvement assessments outstanding or unpaid against the property in the proposed district and a statement of the aggregate actual,'valuation of the real estate, including 25% of the actual valuation of the improvementsin the proposed district, according to'the valuation last placed upon it for the purpose of general taxation; and WHEREAS, said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels of land, and other property which will be specially benefited byneach continuous unit of the proposed improvement, and the estimated amount of the cost and expense thereof to be borne by each lot,'tract, and parcel of land or other property; and WHEREAS, due notice of the hearing upon said. Resolution No. 571 was given in the manner provided by law and said hearing was held by the City,,?Council on January 7,' 1964, and all written protests filed with the City Council on or before said date were duly considered and by.it overruled and all persons appearing at said hearing were heard;. and WHEREAS, the City Council,.'after giving due consideration to the method of payment for said improvement, determined it td be in the best interest of the City and..of the owners of property within the 'local improvement district that the entire cost and -expense of the improvement be specially assessed and that said improvement as hereinafter described be carried out and that a local improvement district be created in connection therewith, NOW, THEREFORE, THE CITY COUNCIL -OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN, as follows: Section 1. The improvement of the following -described stredoand avenues in'the City of Pasco, Washington, is hereby ordered: (1). West Bonneville Street from North 3rd. Avenue 'to North 4th Avenue by the construction - of 'curbs andgutters, grading, ballasting, and surfacing from curb to curb for a total width -2 of 51 feet, all of the foregoing being one continuous unit of the proposed .improvement and hereinafter referred to as "Unit No. l." (2) South -Douglas Street from'Butte Street to Helena Street by construction of curbs and sidewalks on -both sides thereof, all of the foregoing being one continuous unit cf the proposed improvement and hereinafter referred to as"Unit No. 2." The 'foregoing shall be carried out'in accordance with the plans and specifications therefor prepared by George R. Fisher, City Engineer, Section 2. There is hereby created and established a local improvement district to be called "Local Improvement District No. 68," which District is described as follows and contains the following area: Lots 17 to 32, inclusive., Block 7, Gerry's Addition to Pasco, according to plat thereof recorded. in Volume "B" of plats, page 18, records of Franklin.County, Washington, and, Lots 1 to 16, inclusive,.Block 12, Gerry's Addition to Pasco, according to plat thereof recorded in - Volume "B" of * plats, page 18, "records:of Franklin,County, Washington, . being property.specially benefited by Unit No. 1. Lots 68 to 85, inclusive, Block 2,'Terrace Heights Addition, according to plat thereof recorded in Volume "B" of plats, page 53; records of Franklin County, Washington, and Lots 120 to 136, inclusive, Block 5, Terrace. Heights Addition, according to plats thereof recorded in Volume "B" of plats, page 53, records of Franklin County-, .Washington, being property specially bene- fited 'by Unit No.. 2.. Section 3. The estimated cost and expense of each continuous unit of said improvement is hereby declared to be. as follows: Unit No.. 1. $ 12,752.00'' Unit No 2 $ 2,640.00 The entire cost and expense of .said improvement, including the cost and expense of all engineering, legal, inspection, advertising, publication of notices, and other expenses incidental -3- thereto, shall be borne by and assessed against the property specially benefited by such improvement included in the local improvement district established, embracing, as near as may')be, all property specially benefited by such improvement; PROVIDED, HOWEVER, that in the event the actual cost and expense of said improvement shall exceed the preliminary cost estimate of the City Engineer by more than ten percent (10%), the City shall pay that portion of said cost and expense which exceeds said ten percent '(100). Section 4. The n4re of the improvement provided for herein is such that the special benefits conferred upon the property.intie local improvement district herein created are not fairly reflected by the use of the zone -and -termini method of assessment therefor, and it is hereby provided and ordered that the assessments shall be made against the property of the District in accordance with'the special benefits it will derive from the improvement without regard to the zone -and -termini method provided by statute; provided, that the. Iassessment rates shall be computed on the basis of the,cost and expense .of each continuous unit of the improvement as set forth above. Section 5. Local improvement district warrants shall be issued in.payment of the cost and.expense of -the improvement herein ordered, such warrants to be payable out of the "Local. Improvement Fund, District No. 6& " hereafter created, to bear.. interest from .the date thereof at a rate to be hereafter fixed by ordinance not to exceed 6% per annum and tonbe redeemed in cash, and/or by local improvement district bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred to as "revenue warrants." Such bonds shall bear interest at a rate to be hereafter fixedby ordinance not to exceed 6% per annum, shall be payable on or before twelve (12) years from,the -4- 0 date of.issuance;,the*:life of the improvement ordered being not less than twelve (12) years, and shall be issued in exchange for and in redemption of any and all revenue warrants issued hereunder and not redeemed in cash within a period not to exceed'60 daps after the first publication by the City Treasurer of notice that the assess- ment roll'for "Local Improvement District No. 68" is .in her hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District, payable in -ten (10) equal annual installments, with interest at a rate to be hereafter fixed by ordinance not exceeding 6% per annum, under the mode of "payment by bonds," as defined 'by law and the ordinances of the City of Pasco. In the case of default in the payment of any assessment when the same shal1-1.become due, there shall be added interest at a rate to be hereafter fixed by ordinance not to exceed 6% per annum and a penalty of 6% which shall also be collected. The exact form, amount, date, interest rate, and denominations of said warrants' and bonds shall be hereafter fixed by ordinance of the City Council. Said warrants and bonds shall be sold in such manner as the City Council shall hereafter determine. Section 0. All the work necessary to be done in connection with.the making'of said improvement shall be done by and made by. contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work authorized pursuant to this Ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 68". Section 7. There is hereby created and established -)in -the office of the City Treasurer of the City, of Pasco, for Local Improvement District No.8., a special fund to be knownand designated as "Local Improvement Fund, District No. 68," into which fund shall be deposited (a) the proceeds from the sale of revenue warrants . -5= drawn against said fund which may be issued and sold by the City, (b) collections pertaining to assessments, and (c) any funds,contributed by City participation, and against which fund shall be issued cash warrants .to the contractor or contractors in payment for the work to be done by them in connection with said improvement, and against which fund cash warrants shall be issued in payment of -all other items of expense in connection with said improvement. PASSED lythe City Council and.APPROVED by the Mayor of the City of Pasco, Washington, at.a regular meeting thereof, this 21st day of January., 1964. Mayor ATTEST: This Ordinance No. 1130 becomes valid city Clerk without the Mayor's signature ten days following the Council's approval dah. FORM APPROVED:' ' 21, 1964. *Valid on date of publication: Feb. , 1964. City ATEorney