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HomeMy WebLinkAbout1134 OrdinanceA CITY OF PASCO, WASHINGTON ORDINANCE NO. 1134 AN ORDINANCE amending Section 1 and 4 of Ordinance 1131 and being an Ordinance providing for the acquisition of land for and the. construction of certain arterial street improvements within the. City THE CITY COUNCIL OF THE CITY OF PASCO, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1, Section 1 of Ordinance 1131 is hereby amended to read as follows: Section 1. The City of Pasco, Washington, for strictly municipal purposes, shall construct and improve to arterial standards, by curbing, guttering, ballasting, grading, sur- facing and providing drainage facilities, the following streets: Street: Court Street Sylvester. Street Lucas Avenue Lucas Avenue 10th Avenue Oregon Avenue Oregon Avenue Chase Avenue Third Avenue Clark Street Location: 4th to Chase Chase to 3rd Court to Sylvester Sylvester to Lewis Sylvester to Bridge Lewis to Freeway Lewis to "A« Court to Freeway 4th to Lewis 2nd to Lucas together with right-of-way acquisition where necessary, and such . other work as may be incidental and necessary to theforegoing con- struction and improvements. The City Council may modify the details of the foregoing system or plan where, in its judgment, it appears advisable, as long as .such modifications do not substantially alter the purposes hereinbefore set forth. The life of the foregoing improvements is hereby declared to be at least twenty years. The estimated cost, as near as maybe, of the foregoing improvements is declared to be $1,240,300.00. Section 2. Section 4 of Ordinance 1131 is hereby amended to read as follows: Section 4. The City Council finds that the inadequacy of the pre- sent arterial streets of the City and the condition of the existing arterial streets of the City have created an emergency, and an emergency is hereby declared to exist, and the Auditor of Franklin County, Washington, as ex -officio Supervisor of Elections, is hereby requested to find the existence of an emergency and to call a special election to be held in the City on March 101 1964, in con- junction with the general city election to be held on the same date, for the purpose of submitting to the qualified voters residing therein, for their ratification or rejection, the following proposition to be submitted in ballot form substantially as follows, to wit: "PROPOSITION "ARTERIAL STREET BONDS 800,000.00 "Shall the City of Pasco, Washington, incur a general indebtedness and issue and sell not to exceed $800,000.00 "General Obligation Arterial Street Bonds, 1964," but, in no event, to exceed, together with outstanding general indebtedness of the City, 50 of the value of the taxable property within the City (being twice the assessed valuation the proceeds thereof to be used solely for capital pur- poses other than the replacement of equipment, to wit, to pay a part of the cost of acquiring the land f r and con- structing certain arterial street improvemenVf kithin the. City, the bonds to be paid by annual tax levies to be made without limitation as to rate or amount, to bear interest at a rate or rates not to exceed 6% per annum, payable semiannually, and to mature serially, annually, in from two to not to exceed 20 years after date of issuance, all as provided in Ordinance No. 1131 as amended by Ordinance No. 1134 .? "GENERAL OBLIGATION ARTERIAL STREET BONDS, 1964 .................YES /_7 "GENERAL aBLIGATION ARTERIAL STREET BONDS, 1964..................NO Section 3. This Ordinance to -be in full force and effect after its passage and publication as required by law. PASSED BY THE COUNCIL AND APPROVED BY THE MAYOR this 4day of February, 1964. 1.. y R. V o , May r Attest: 6'rJti' - Z - - h1l Adah M, Perry, CityClerk Approved as to form: . Wayne Campbell, City Attorney Publication: