HomeMy WebLinkAbout2632AN ORDINANCE PROVIDING FOR THE IMPROVEMENT OF:
8aymont Place all in accordance with the plans, maps, and specifications
on file in the office of the City Enoineer; adopting said plans, maps and
specifications; establishing an improvement district; providing for the
levying of assessments for the payment of such improvement and makin9 such
improvement payable by bonds, warrants or installment notes.
THE CITY OF 8REMERTON DOES ORDAIN:
Section 1. That Baymont Place be improved by the construction of
Sanitary Sewers and 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 8remerton.
Section 2. That the maps, plans and specifications prepared by 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 in the assessment district
hereinafter created, in accordance with the provisions of the Revised Code
of Washin9ton 35.43.080 except such proportion of said cost as shall be
borne by and paid for by the State of Washington or other governmental
agency, which proportion of such cost and expenee is hereby declared to'be
in accordance Loith the special benefits conferred upon such property.
Section 4. That there is hereby established and created a local
improvement district to be called and known as:
Local Improvement District No. 295 ~
the boundaries of which are described as follows:
Lots ? thru 12 View Ridge Addition together with the North ~ of
Vacated 25th Street.
Section 5. 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 a9ency shall be assessed
ORDINANCE NO.
against said property included in said Improvement District in accordance
with the speciai benefits it wiii derive from the improvement without regard
to the zone and termini method, and in accordance with the provisions of the
Revised Code of Washington 35.43.080 and the remainder of said cost of the
improvement to be paid for by arrangement, if any, with the State of
mashington or other governmental agency.
Section 6. That bonds, war~ants or instaiiment notes bearing interest
at a rate of not more that six percent per annum, payabie on or before
years from the date of issuance, shai1 be issued in payment of the cost and
expen~ of said improvement assessed against the property included in the
district hereinabove described which bonds, warrants or instaiiment notes
shall be redeemed by a coIiection of speciai assessment levied and assessed
against the property within said district, payabie in equal annual
instaliments, with interest at the rate of not to exceed eight percent per
annum under the mode of payment by bonds, warrants or instaIlment notes as
required by iaw and the ordinances of the City of Bremerton. lhese bonds
warrants or installment notes shali be deiivered to the contractor in
redemption of warrants on the Locai Improvement District funds issued on
the ostimate of the City Engineer, or the City of Bremerton may, at its
option, seli said bonds, warrants or instalIment notes and make such
redemption in cash.
Section ?. That this Ordinance shali take effect immediateIy foilowing
its passage and pubiication, as provided by iaw.
PASSED by the City Council of the City Bremerton, signed by the Mayor
and attested by the City Clerk in authentication thereof this .....
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