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HomeMy WebLinkAbout1332 Ordinance0 0 RECEIVED ' = DEC 131968 C11 .i = IDASCC '19 i G�dAS��;NC� CITY OF PASCO, WASHINGTON ORDINANCE NO. 1332 AN -ORDINANCE ordering the improvement of Meridian Avenue from Henry Street to Sylvester Street, and certain other streets and avenues in the City by the construction and installa- tion of asphaltic concrete wearing course, asphalt treated base course, concrete gutter and concrete curbs and sidewalks, and all necessary contingent items, all in accordance with Resolution No. 754 of the City Council of. the City of Pasco, Washington; establishing Local Improvement District No. 78; providing the method of assessment in said District; pro- viding that payment for said improvement be. made by special assessments upon the property'> in said District, payable by the mode of "pay-, ment by bonds"; and providing for the issuance and sale of local improvement district warrants redeemable in cash and local improvement dis- trict bonds. WHEREAS, by Resolution No. 754, adopted November 19, 1968, the City Council of the City of Pasco declared its intention to order the improvement of Meridian Avenue from Henry Street to Sylvester Street, and certain other streets and avenues in the City by the construction and installation of asphaltic concrete wearing course, asphalt.treated base course, concrete gutter and concrete curbs and sidewalks, and all necessary contingent items, and fixed the 17th day of December; 1968, at 8:00 o'clock p.m. (PST) in the Council Chambers of the City Hall in the City of Pasco, Washington, as the time and place for hearing all matters relating to said proposed im- provement and all objections thereto and for determining the method of payment for said improvement; and WHEREAS, Sandra Stanley,.City Engineer, has caused an esti- mate to be made of the costs and expenses of the proposed improvement, and has certified said estimate to the City.Council, together with all papers and information in her possession touching the proposed ti�n of the boundaries of the District, a state improvement, a.descrip ment 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 250 of the actual valuation of the improvements in 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 by 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. 754 was given in the manner provided by law and said hearing was held by the City Council on December 17, 1968, and all written protests filed with the City Council on or before said date were duly considered,and overruled and all persons appearing at said hearing were heard; and WHEREAS, the City Council has determined.it to.be in the best interests of the City 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. It is hereby ordered that Meridian Avenue from Henry Street to Sylvester Street, and certain other streets and avenues in the City be improved by the construction and installation of asphaltic concrete wearing course, asphalt treated base course, con - trete gutter and concrete curbs and sidewalks, and all necessary con- tingent items, as follows: -2- F__1 L-A (a) A 42 foot wide street on Henry Street from Chase Avenue to Meridian Avenue; on Margaret.Street from Chase Avenue to Meridian Avenue; on Park Street from Chase Avenue to Illinois Avenue; on Nixon Street from Chase Avenue to Illinois Avenue. (b) A 46 foot wide street on Meridian Avenue from Henry Street to Margaret Street. (c) A 52 foot wide street on Meridian Avenue from -Margaret Street to Sylvester Street. All of the foregoing shall be in accordance with the plans and specifications therefor to be prepared by Sandra Stanley, City Engineer. Section 2. There is hereby created and established a local improvement district to be called "Local Improvement District No. 78 of the City of Pasco, Washington," the boundaries of such • local improvement district being described as follows and including the following described lands: All of Block 1, and the south half of Block 2 in the Carter.Addition; all of the Meridian Addition except the southwest quarter of Block 1; the west half of Block 6; the northwest quarter and the south half of Block 7; all of Block 8; and the north half and the southwest quarter of Block 9 in the Stadium Park Addition. Section 3. The total estimated cost and expense of said improvement is hereby declared to be $ 59,327.72 The en- tire cost and expense of such improvement shall be borne by and assessed against the property specially benefited.by such improve- ment included in the local improvement district herein established embracing as near as may be all property specially benefited by such improvement. • Section 4. The nature of the improvement provided for herein is such that the special benefits conferred upon the property in the 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 with- out regard.to the zone -and -termini method provided by statute. -3- Section 5. Local improvement district warrants shall be issued in payment of that portion of the cost and expense of the improvement herein ordered to be assessed, such warrants to be pay- able out of the "Local Improvement Fund, District No. 78,." herein- after created, to bear interest from the date thereof at a rate -to be hereafter fixed by ordinance not to.exceed 8% per annum and to be 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 fixed by ordinance not ex- ceeding 8% per annum, shall be payable on or before twelve (12) years from the date of issuance, the life of the improvement ordered • being not less than twelve years, and shall be issued in exchange for and in redemption of any and all revenue warrants issued here- under and not redeemed in cash within a period of not to exceed 60 days after the first publication by the City Treasurer of notice that the assessment roll for.Local Improvement District No. 78 is in her hands for collection. The. bonds shall be redeemed by the col- lection of special assessments to be levied and assessed upon the property within said'District, payable in ten (10) equal annual in- stallments, with interest at a rate to be hereafter fixed by ordinance not exceeding 8% 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 shall be- come due, there shall be added interest at a rate to be hereafter • fixed by ordinance not to exceed 8% 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 de- termine. ' -4- • Section 6. All the work necessary to be done in connec- tion with the making of said improvement shall be done by and made by contract upon competitive bids and the City shall have and re- serves the right to reject any and all bids. The call for bids for work authorized pursuant to this ordinance shall include a state- ment that payment for said work will be made in cash warrants.drawn upon the."Local Improvement Fund, District No. 78." 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. 78 a special fund to be known and desig- nated as "Local Improvement Fund, District No. 78," into which fund shall be deposited the proceeds from the sale of revenue warrants • drawn against said fund which may be issued and sold by the City • and collections pertaining to_ assessments, 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 by the City Council and APPROVED by the Mayor of the City of Pasco, Washington, at a regular meeting thereof, this 17th day of December., 1968. IATS.T,-. 6Lj Directo of Administration and Ex-GTficio Clerk FORM APPROVED: Ci-ty attorney " -5- z Mayor • • • I, GEORGE D. EASTMAN, Director of Administration and Ex -Officio Clerk of the City of Pasco, Washington, do hereby certify that the attached is a true and correct copy of Ordinance No. , passed December 17, 1968, as said ordinance appears on the Minute Book of the City. DATED this day of December, 1968. GEORGE D. EASTMAN, Director of Administration and Ex -Officio Clerk • r 1 • • • I, GEORGE D. EASTMAN, Director of Administration and Ex -Officio Clerk of the City of Pasco, Washington, do hereby certify that the attached is a true and correct copy of Ordinance No. , passed December 17, 1968, as said ordinance appears on the Minute Book of the City. DATED this day of December, 1968. GEORGE D. EASTMAN, Director of Administration and Ex -Officio Clerk