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HomeMy WebLinkAbout1414 OrdinanceCITY OF PASCO, WASHINGTON ORDINANCE NO. 1414 AN ORDINANCE ordering the improvement of Chase Avenue from Lewis Street to Court Street within the City of Pasco, Washington, to arterial standards by grading, constructing and installing storm sewers, curbs, gutters, necessary sidewalks, asphalt treated base course, asphalt concrete surfacing, traffic control devices and all incidental work, all in accordance with Resolution No. 813 of the City Council of the City of Pasco, Washington; establishing Local Improvement. District No.82 ; providing the method of assessment in said District; providing that payment for said improvement be made by special assessments upon the property in said District, payable by the mode of "payment by bonds"; and provid- ing for the issuance and sale of local improvement district warrants redeemable in cash and local improvement district bonds. WHEREAS, by Resolution No. 813, adopted March 17, 1970, the City Council of the City of Pasco declared its intention to order the improvement of Chase Avenue from Lewis Street to Court Street within the City to arterial standards by grading, constructing and installing storm sewers, curbs, gutters, necessary sidewalks, asphalt treated base course, asphalt concrete surfacing, traffic control devices and all incidental work, and fixed the 7th day of April, 1970, 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 improvement and all objections thereto and for determining the method of payment for said improvement; and WHEREAS, Sandra Stanley, City Engineer, has caused an estimate to be made of the costs and expenses of the proposed improve- ment, and has certified said estimate to the City Council, together with all papers and information in her possession touching the proposed improvement, a description of the boundaries of the District, a state- 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 25% 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. 813 was given in the manner provided by law and said hearing was held by the City Council on April 7, 1970, 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 Chase Avenue from Lew-is,Street'to Court Street with the City be improved to arterial standards by grading, constructing and installing storm sewers, curbs, gutters, necessary sidewalks, asphalt treated base course, asphalt concrete surfacing, traffic control devices and all incidental work. All of the foregoing shall be in accordance with the plans and specifications therefor to be prepared by Sandra Stanley, City Engineer. -2- Section 2. There is hereby created and established a local improvement district to be called "Local Improvement District No. 82 of the City of Pasco, Washington," the boundaries of such local improvement district being described as follows and including the following described lands: Beginning at the Northeast corner of.Section 25, Township 9 North, Range 29 East W.M., which is the intersection of the centerlines of Court Street and Chase Avenue; thence south along the east line of said Section 25, also being the centerline of Chase Avenue to the point of intersection with the centerline of vacated Hopkins Street as plated in O'Keefe's Third Addition to Pasco, as recorded in Volume B, Page 37, Book of Plats of Franklin County; thence west along the said centerline of Hopkins Street to the point of intersection with the northerly projection of the west line of the East Half of Block 13 of the said O'Keefe's Third Addition; thence south along the said west line and its projections thereof to the point of inter- section with the centerline of West Lewis Street; thence southeasterly along the said centerline of West Lewis Street to the point of intersection with the centerline of Chase Avenue, which is the East line of said Section 25; thence north along the said centerline of Chase Avenue to the point of intersection with the centerline of Bonneville Street; thence east along the centerline of Bonne- ville Street to the point of intersection with southerly projection of the east line of the west half of Block 10, Columbia Addition as recorded in Volume B, Page 68, Book of Plats of Franklin County; thence northerly along said east line and its pro- jections thereof continuing through the center of Blocks 7, 6, 3, 2, all in said Columbia Addition to the point of intersection with -the centerline of Sylvester Street, which is the north line of the southwest quarter of Section 30, Township 9 North, Range 30 East W.M.; thence east along said centerline of Sylvester Street to the point of intersection with the southerly projection of the east line of the west half of Block 1, Meridian Addition, as recorded in Volume B, Page 77, Book of Plats of Franklin County; thence northerly along said east line and its projections thereof, continuing through the center of Blocks 2 and 3 of said Meridian Addi- tion to the point of intersection with the centerline of Margaret Street; thence east along said Margaret Street to the point of intersection with the southerly projection of the east line of the west half of Block 1, Carter Addition, as recorded in Volume B, Page 83, Book of Plats of Franklin County; thence northerly along said eastline and its projections thereof, continuing through the center of Blocks 2, 3 and 4, of said Carter Addition to the point of intersection with the north line of said Carter Addition; thence east along the said north line of Carter Addition which is also the south line of Buck's Second Addition to Pasco, as recorded in Volume B, Page 74, Book of -3- Plats of Franklin County, to the point of inter- section with the east line of the west half of said Buck's Second Addition; thence northerly along said east line to the north line of said Buck's Second Addition, which is also the south line of Star Addition to Pasco, as recorded in Volume C, Page 10, Book of Plats of Franklin and continuing northerly to the point of intersection with the north line of said Section 30, also being the centerline of Court Street; thence west along centerline of Court Street to the Point of Beginning, which is also the north- west corner of said Section 30. Section 3. The total estimated cost and.expense of said improvement is hereby declared to he $313,700.00. Not to exceed a total of $32,500.00 of the cost and expense of said improvement shall be borne byand assessed against the properties specially benefited by such improvement included in the local improvement district herein established embracing as near as may be all property specially benefited by said improvement. Approximately $15,000.00 of the cost and expense of carrying out such improvement shall be paid by Franklin County and the balance of such and expense of carrying out such improvement shall be paid from Urban Arterial Trust Funds anticipated to be received from the State of Washington. Should additional funds become available from Franklin County or Urban Arterial Trust Funds, the amount to be assessed would be reduced. Section 4. In accordance with the provisions of Section 7 of Chapter 258, Laws of Washington, 1969, lst Ex. Sess., the City may use any method or combination of methods to compute assessments which may be deemed to fairly reflect the special benefits to'the properties being assessed. 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. 82 ," herein- after created, to bear interest from the date thereof at a rate to be hereafter fixed by ordinance 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 -4- warrants." Such bonds shall bear interest at a rate to be hereafter fixed by ordinance, 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 hereunder and not redeemed in cash within a period of not to exceed sixty days after the first publication by the City Treasurer of notice that the assessment roll for Local Improvement District No. 82 is in her hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the properties within said District, payable in ten (10) equal annual installments, with interest at a rate to be hereafter fixed by ordinance, 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 become due, there shall be added interest at a rate to be hereafter fixed by ordinance 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 6. 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. 82 " 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. 82 a special fund to be known and designated as "Local Improvement Fund, District No. 82 ," into which fund shall -5- be deposited the proceeds from the sale of revenue warrants drawn against said fund which may be issued and sold by the City, Urban Arterial Trust Funds and payments received from Franklin County in connection with the improvement 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 for 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 7th day of April, 1970. Mayor ATTEST: City Clerk / FORM APPROVED: City torney 4 e6z/i