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HomeMy WebLinkAbout2814 AN ORDINANCE providing for the improvement of the alley running from 2hth Street to 26th Street between Veldee Avenue and Wycoff Avenue, all in accordance with the plans, maps, and specifications on file in the office of the City Engineer; adopting said plans, maps, and speci- fications; establishing an improvement district; providing for the levying oF assessments for the payment of such improvement and making such improvement payable by bonds, warrants or installment notes. THE CITY OF BREMERTON DOES Section 1. That, the Alley as described above, be improve:~ by the construction of drainage structures and asphalt surfacing, together with the doing of any and all work in connection therewith as may be necessary to make such improvement a complete job, all accordance with the maps~ plans and specifications n~ on file in the off~ce of the City Eng~neer of the City of Bremerton. Section 2. That the maps, plans and specifications prepare~.! the City Engineer, now on file in the office of said City Engineer, for the aforesaid improvement be and. the same are hereby adopted.. Section 3. That the cost and. expense of said improvement shall. be borne by and assessed against the property included i~ the assessment district hereinafter created, in accordance with the provisions of the Revised Code of Washington 3~.~3.O80 except such proportion of said cost as shall be borne by and paid for by the State of Washin~tor or 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 h. That there is hereby' established and created a local improvement district to be called and known as: IE~CAL IMPROVEMENT DISTRICT NO. ]O6 the boundaries of which are described as foll~.~s: Beginning at the intersection of the centerline of 26th Street with the centerline of Veldee Avenue; thence East along the centerline of 26th Street to the centerline of Wycoff Avenue7 thence South along the centerline of Wycoff Avenue to the centerline of 2~th Street; thence West alone the center]ine of 2hth Street to the centerlir~.e of Veldee Avenue; thence North alone the centerline of Veldee _~venue to the Po~n+, cf Beginning. Section ~. That the cost and expense of said improvement to be borne by said improvement district and exclusive of any portion borne by either the State of Washington or other governmental, agency shall be assessed against said property included in said Improvement District ~n proportion to said area, except certain units wherein the special benefits conferred upon the property are not fai. rly 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 3~.~3.O80 and the remainder of said cost of the improvement to be paid. for by arrangement, if any, with the State of Washington or other governmental agency. Page 1. Section 6. The bonds, warrauts or ~nstallment notes bearing interest at a rate of not more than six per cent per annum, payable on or before l0 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 hereinabove described 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 ir~ equal annual installments, with interest at the rate of not to exceed eight percent per ann~m under the mode of pa~ent by bonds, warrants or installment notes as required by law and the ordinances of the City of Bremerton. These bonds, warra~.ts or installment notes shall be del~vere4 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 option, sell said bonds, warrants or ±nsta]lmen± notes and make such redemption in cash. Section 7. That this orddnance shall take effect ~mmediately following its passage and publication, as provided by law. PASSED by the City Co~mcil of the City of Bremerton, signe~ by the Mayor and ~ttested by the City Clerk in authentication thereof th~s ~ GI~?~ K. JARSTA~O,~.A~vOR' ATTEST: ~. H. T. McG~AN, CIT~ CLERK