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HomeMy WebLinkAbout2806 AN ORDINANCE providing for the improvement of LaFayette Ave from 1st Street to Burwell Street, all in accordance with the plans, maps, and specifications on file in the office of the City Engineer; adopting said plans, maps and specificatior~s; establishing an improvement district; providing for the levying of assessments for the pa~ent of such improvement and making such improvement payable by bonds~ warrants or insta]~l- merit notes. T~ C.ITY OF BREMERTON DOES Section 1. That LaFayette Av~. as described below, be improve~ by the construction of curbs, gutters, driveways, drainage structures street surfacing together with the dodng of any and all work in cormection therewith as may be necessary to make such improvement a complete job, all in acCordance with the maps, plans an~ specifications uow on file Lu the office of the City Engineer of the City of Bremerton. Section 2. That the maps, plans an~ specifications prepared by the City Engineer, now on file in the office of said City En~_neer, for the aforesaid imDrovement be and the same are hereby adopted. Section 3. That the cost and expense of sai~ .~mprovement sbal]~ be borne by and assessed against the property included in the assessment district hereinafter created, ~n accordance with. the provisions of the Revised Code of Washington 3~.~3.080 except such proportion of said cost as shall be borne by paid for by the State of Washington or other governmental agency, ~-~hich proportior~ of such cost and expense is hereby declared to be in accordance with the benefits conferred upon such property. Section ~. That there is hereby established an~d create~ a ~ocal ~rovement district to be called and known as: lOCAL IMPROVEME~f DISTRICT NO. 30~ the boundaries of which are described as follows: Beginn~ng at the intersection of the Centerline of LaFayette Ave. with the centerline of 1st Street; thence West along the centerline of 1st Street to the West boundary of Block of the Plat of Terrell's Addition; thence North along said West boundary to the centerline of Burwell St.; thence East along the centerline of Burwell to the Centerliue of the alley ruraning North and South in Block 2 of said Plat; thence South along the centerline of said alley and its Southerly extension to the centerl~ne of 1st Street; thence West along the center!~ne of 1st Street to t~e Point of Begi~naing. Sectdon ~. That the cos'~. and expense of said ~provement tc be borne by said improvement ~istrict and exclusive of any portion bor~e by either the State of Washington or other governmental agenc'? shall be assesse~ aga~st said property included in said Tmprovement ~ ' ~ e~c~+ certain ~its where:in 'k~ ..... .~pecm ..... benefits conferw~~ upon the pro~.erty are not fair.]_y reflected by the use of the termini and zone method, the assessment shall be made against the property of the district ~n accordance with the special benefits it will derive from the improvement vrithout regard to tb.e zone and termini met~.od, and in accordance ~ith the provisions of the Revised Code of Washington 3~.h3.080 and. the remainder of said cost of the improvement to be paid for by arrangement, if any, with the State of ~,~ashingbon or other governmental agency. Page -I- Section 6. The bonds, warrants or Lnstallment notes bearing interest at a rate ~f not more than six per cent per annum, payable or~ or be£ore 10 years from the date of issuance, shall be issued Ln payment of the cost a~ expense of said improvement assessed against the property incl-.~ded in the ~istr~c± hereinabOve described which bonds, warrants or instal!~ent notes shall be redeemed by a collection of special assessment levied and assesse~ against the property within said district, payable in equal annual installments, with ±nteres at the rate of not to exceed eight percent per ann~ under the mode of paymeob Yy bonds, warrants or installment notes as require~ by la~ and the ordinances of the City of Bremerton. These bonds~ warrants or mns~a~lr~nt notes s~hal! be ~e~ivare~ to the contractor in redemption of warrants on the Iocal Improvement Distr~ct funds issued on the estimate of the City Engineer, or the City of Bremerton may, at its option, sell said bonds, warrants or installment notes and ~ke such re- demption in cash. Section 7. That this Ordinance shall take effect ~mnediately following its passage and publication, as provided by law. PASSED by the City Council of the City of Bremerton, signe~ by the Mayor~ and attested by the City Clerk in authentication thereof this ATTEST: E. ~. T. McGOWAN,' City Clerk Page -2-