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HomeMy WebLinkAbout2516 ~ ORDINANCE NO. AN ORDINANCE PROVIDING FOR THE I~PROVENENT OF: The alley located in Block One, First lddition to Sylvan Park all in accordance with the plans, maps and specifications on file in the office of the City Engineer; adopting said plans, maps and Specifications; establish- ing 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 0~D&IN: Section 1. That the alley located in Block One, First Addition to Sylvan Park be improved by grading, ballasting and the construction of necessary walls and drainage structures, 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 City Engineer, for the aforesaid ~mprovement 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 Washington 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 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 improvement district to be called and known as: Local Improvement District No. 289 the boundaries of which are described as follows: Lots 5 through 10 inclusive, Lots 12 through 17 inclusive and Lot 20 in Block One of First Addition to Sylvan Park. 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 agency shall be assessed against said ORDINANCE NO. '~ -- property included in said Improvement District in accordance with the special benefits it will derive from the improvement without re~ard to the none 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 Washington or other govern- mental agency. Section 6. That bonds, warrants or installment notes bearing interest at a rate of not more than six percent per annum, payable 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 herein- above 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 in equal annual installments, with interest at the rate of not to exceed eight percent per annum under the mode of payment by bonds, warrants or installment notes as required by law and the ordinances of the City of Bremerton. Section 7. That this Ordinance shall take effect imediately follow- in~ 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 0 MAYOR ATTF~ T: CITY-CLERK