HomeMy WebLinkAbout2788 ORDINANCE NO.~__~_~
AN ORDINANCE providing for the improvement of
Lebo Boulevard all in accordance with the plans~
maps~ and specifications on file in the office
of the City Engineer; adopting said plans,
maps and specifications; establishing an improve-
ment district; providing for the levying of
assessments fop the payment of such improvement
and making such improvement payable by bonds~
warrants or installment notes.
THE CITY OF BREMERTON DOES ORDAIN:
Section 1. That Lebo Blvd. be improved by the
construction of sanitary sewers and necessary appurtenances,
together with the doing of any and all work in connection therewith
as may be necessary to make such improvement a complete job, all in
accordance with the maps, plans and specifications now on file in the
office of the City Engineer of the City of Bremerton.
Section 2. That the maps, plans and specifications
prepared by the City Engineer, now on file in the office of said
Cky Engineer, fop the aforesaid improvement be and the same are
hereby adopted.
Section 3. That the cost and expense of said improve-
ment shall be borne by and assessed against the property included in
the assessment district hereinafter created, in accordance with the
provisions of the Revised Code of Washington 35.43.080 except such
proportion of said cost as shall be borne by and paid fop by the
State of Washington oP other governmental agency, which proportion
of such cost and expense is hereby declared to be in accordance with
the special benefits conferred upon such property.
Section 4. That there is hereby established and
created a local'impPovement district to be called and known as:
LOCAL IMPROVEMENT DISTRICT N0. 303
the boundaries of which ape described as follows:
Lots 106 through 109 1st Addition to Sheridan Park.
Section 5. That the cost and expense of said improve-
ment to be borne by said improvement district and exclusive of any
portion borne by either the State of Washington oP other governmental
agency shall be assessed against said property included in said
Improvement District in proportion to said area, except certain units
wherein the special benefits conferred upon the property ape not fa~ly
reflected by the use of the termini and zone method, the assessment
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, and in accordance with the
provisions of the Revised Code of Washington 35.~3.080 and the remainder
of said cost Of the improvement to be paid for by arrangement,if any,
with the State of Washington oP other governmental agency.
Section 6. That bonds, warrants oP installment noteS,
bearing interest at a Pate of not mope than six percent per annum,
~ayable on or before 10 years from the date of issuance, shall be
issued in payment of the cost and expense of said improvement assessed
against the property included in the district hePeinabove described
1
which bonds, warrants or installment notes shall be redeemed by a
collection of special assessment levied and assessed against the
property within said district, payable in equal annual installments,
with interest at the rate of not to exceed eight percent pep annum
under the mode of payment by bonds, warrants or installment notes
as required by law and the ordinances of the City of Bremerton. These
bonds, warrants oP installment notes shall be delivered to the contractor
in redemption of warrants on the Local Improvement District funds
issued on the estimate of the City Engineer, or the City of Bremerton
may, at its 6ption, sell said bonds~ warrants or installment notes
and make such redemption in cash.
Section 7. That this Ordinance shall take effect
immediately following its passage and publication, as provided by
law.
PASSED by the City Council of the City of Bremerton,
signed by the Mayor and attested by the City Clerk in authentication
thereof this /~ day of ~, 1968.
ATTEST:
E. H. T. McGOW,~I, City Clerk