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HomeMy WebLinkAbout1710 OrdinanceCITY OF PASCO, WASHINGTON ORDINANCE NO., 17110 AN. ORDINANCE ordering the improvement of Road 27 from H'opk-ins Street to Bonneville Street and Bonneville Street from Road 27 to°Road.28,!within the City of Pasco, Washington,, to residential street standards by .grading, constructing and installing storm drains., curbs, gutters, and necessary side- walks, crushed base rock.,.crushed leveling course,,. asphalt concrete surfacing and all incidental work, all in accordance with Resolution No. 986 of the City Council; establishing Local ;Improvement District No. 91 • ; providing the method of assessment in the District; providing that payment for the improvement be made in part by special assessments upon the property in the District., payable by the mode of "payment by bonds"; and providing for the issuance and sale of local improve- ment district warrants redeemable;in cash and local improvement district bonds. WHEREAS, by Resolution 'No. 986, adopted April 15, 19'75, `the City COuncil,declared its intention to order the improvement of Road 27 from Hopkins Street to .Bonn'evi-1l:e Street ,and Bonneville Street from Road 2'7' to Road 28, within t'he. City of ;Pasco,, Washington, to residential street standards by gr:adkng, constructing and, installing storm drains, curbs, gutters., and necessary sidewalks, crushed base rock, crushed leveling course, asphalt concrete surfacing and all incidental work, and: fixed May 6, 1975, .at 8:00 p.m. (_PDT) in the Council Chambers of the City Hall as the time and place for hearing all matters relating to the proposed improvement andall objections thereto and for determining the method of payment for the improvement; and WHEREAS, James S. Ajax, the :City, Engineer of the City of Pasco, caused an estimate to be made of the, cost 'and expense of the proposed improvement.and cert,"fied'that estimate to the City Council,, together with all papers arid information in, his possession touching the proposed 'improvement, a description of the�bound`aries of the District,,, a statement of what portion of the, cast, and expense of. the improvement should be borne ,by the property within the proposed improvement, a statement in detail of the local improvement assessments outstanding or unpaid. against the property in the, p•rbpo.sed b stri:c't•,. 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,, that estimate is accompan-ied; 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', the ,notice of the above 'hearing; was given in the manner provided ;by law', and the hearing was, held by the City Council on the date and at 'the time above mentioned, 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 'hea'rd and WHEREAS:, the City -Council has determined it to be in the best interests o.f the City that the 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;CI:TY OF'PASCO, WASHINGTON, DO ORDAIN, as follows: Section 1 The :City Co•dncil o:f. theCity of P0s;co, Washington, hereby orders the improvement of Road 27 from Hopkins Street to Bonneville Street and Bonneville Street from Road 27 to Road 28, within the City,. to residential street standards by grading, constructing and installing storm drains.; curbs, gutters, and necessary Sidewalks, crushed base rock, 'crushed leveling ,cours`e,. asphalt concrete surf'ac'ing and all incidental work. All of the foregoing shall be in accordance with the plans and specifications therefor prepared by -the City Engineer, -2- ,O and may be modified' 'by the City Council as long ,as such modification does not affect the purpose of the improvement. Section 2 There:ishereby created and established a local improvement district to be cal -led Local Improvement: District No. 91 of the City of Pasco,, Washington, which district is described. as, follows,: That port on of Section 25, Township 9 North, Range 29 East W.,K., , described as follows: Lots 5 through 12, Block 1, WilliamsAddition Lots 1, through 12, Block 2, Williams Addition Section I. The total estimated cost and expense of the improvement is hereby declared to be $25, 000.00, of, which it is estimated that not to exceed $20,000:.00 of such estimated cost and expense shall be borne by and assessed against the property specially benefited by such improvement included in the local improvement district herein established embracing as near a,s may be all property specially benefited by such improvement. The balance of the cost and expense of such improvement shall be paid from other funds available to the City therefor. Section 4. In accordance with theprovisions of RCW 35.44.047, 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 the cost and expense of the improvement herein ordered to be assessed., such war -rants to be payable out of the "Local.Improvement Fund, District No. 91 ," hereinafter created and referred to as the "Local Improvement Fund," and, until the bonds referred to in this section are issued and delivered to the purchaser thereof, 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 bond's, herein authorized to be issued, such interest-bearing warrants to be hereafter referred to as -3- "revenue warrants." The .City is. •authorized to issue local improvement district bonds'for the District which shall bear interest at a rate to be hereafter fixed by ordinance., shall .be payable on or before, twelve years from the date. of is;Suance, the life of the improvement or.dered'being not less than the term of the bonds, and shall be issued_ in exchange for and in redemption of .any and all revenue warrants issued 'her.eunder 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. 91 is in his, hands for collection.. The bonds sha11 be redeemed by the collection of special assessments to be levied and assessed against the property within the District, payable in, ten 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 P&sco', Washington. 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,, 'inter -est 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 such 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 autho.r,ized pur'su'ant to this, ordinance, shall include a, statement that payment for such work will be made in cash warrants drawn upon the "'Lo'ca1 Improvement Fund, District No. 91 " Section T. There is hereby created and established in the office of the :City Treasurer 'of the City of ;Pasco for Local Improvement District No. 91 a special fund to be known and designated as "Loe'al Improvement Fund, District No. 91 ," into which. fund shall be depositedthe proceeds from the sale of revenue warrants drawn against the fund which may, be issued .and, sold by the City, other moneys available to the City therefor and allocated to said 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 the improvement, and against which fund cash warrants shall be issued in payment for all other items of expense.in connection with°the improvement.. PASSED by the,City Council, and APPROVED by the Mayor of the City of'Pasco, Washington, at a regular, open public meeting thereof, this. 6th day of May, 19'715: ATTEST: 2 Director of Finance :and officio City Clerk. APPROVED AS TO FORM: i. -y Attorney -5. s r.�iJ v Mayor May 9, 1975 Roberts, Shefelman, Lawrence, Gay & Moch 1818 I.B.M. Building Seattle, Washington Attn: James Gay Re: Dear Mr. Gay: Proposed Street Improvements Pasco, Washington Attached are certified copies of Ordinances pertaining to proposed street improvements in the City of Pasco, passed by the Pasco City Council at their regular meeting of May 6, 1975. Also attached is a copy of the minutes showing passage. We will forward Affidavits of Publication as soon as they are received from the Tri City Herald. Thank you for your assistance in the preparation of our Ordinances. Sincerely yours, Leo E.. Olney Director of Finance LEO :ew Encs.