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HomeMy WebLinkAbout2398 ORD~ NANCE NO. , AN O.~'aI~rINANCm rROVEDI ~G FOR THE I~ROVE~,!~NT OF. Yantic Avenue~ between R~gers Street and Farr~ut Street a~ in accordance vdth the pians~ ~ps~ and specifications~ establishing an improvement district~ providi.ng for the leering of ass~Ssments for the payment of s~ch ~n~rovement and maki~ such imI2rovemen~ payable by bonds. T~[E CITY OF BR~2~TON ~ES ORD~ii~[: Section 1. That the ~provement of Yantic Av~u% between R~gers Street and ~ ~rasut Street be ~p~d~.by the construction of ~ 8" sanita~ sewer and appm~ten~ces, together ~th the doing of ~y ~d all work in connection there¥~th as ~y be necessary to ~ke such impro~ement a complete job, all accordance v~th the maps~ plans and specificatio~ n~ on file in the office of the Gity ~gi~er of the City of Bre~mrton. Section 2. That the maps~ pl~s~nd specifications ~epared by the City Engineer~ now on ~ in the o?fice of said City Engineer~ for the aforesaid ~provement be and the s~e are hereby adopted, Section 3, T~t the cost and e~ense of s~d improvement shall be borne by ~d assessed aga~st the property included ~ the assessment district herein~fter created~ in accordance ~th the provisions of the Revised Code of ~Vash~gton 3[.43.080 except such proportion of said cost as sImll be borne by and paid for by the State of ~ashi~ton or other gover~e~al agency~ ~hich proportion of such cost ~d e~ense is hereby decl~ed to ~ in accord~ce with the special benefits conferred upon ~ch property. Section ~, That there is hereby established ~d created a local imprOveme~ district to be called ~d kno~ as: Local Impr~ement District No, 28h the bo~daries of which are described as B~gi~ing at the NE corner of Lot 22, Block 12, Port.~ch~d A&~ition; thence fo~owinE the east bounda~ of Lots 22 t~u 26~ 1Block 12 to t~ southerly m~g~ of Lot 26; thence west along the south lot line of said lot 26 to its intersection vrith th~ lot line common to Lots 2 ~d 3 extended~ thence following said lot line south to its intersection with the south margin of Lot 2~ thence west along the south lot line of Lots 1 and 2 ezbe~ed to its intersection with the .SE co~er o~ Lot 8~ Block 13; thence North along the east boundary of said Lot 8 to its intersecti~_ with the south line of Lot 9, Block 13, thence folt~-~i~ said lot line west to the corner of said Lot 9; thence North alone the ¥~est b~nda~~ of Lots 9 t~u to t~ Lot 15me co,.on to Lots ~ and 1~ exte~ed~ thence East along ~id lot line e~ended to its intersection ~th the centerline of Y~tic Avenue~ thence south alon~ said centeri~e to its intersection v,ith the lot line co,non to Lots 21 and 22, extended; thence East along said line to the point of b egirn~ing, Section ~. That the cost s~d expense of said improvement to be borne by said improvement district and exclusive of any portion borne by either the State of ¥fashington or other governmental a~ency 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 pro~rty sre not fairly 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 sye ciat behests 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 ~as~mn~ton 3~.~3.O80 and the remainde~r of said cost of the improvement to be paid for by arrangement, if any, with the State of Washington or other governmental agency. Section 6. That bonds bearing interest at a rate of not more thsa six percent per annum, payable on or before ten Years from the date of issu~ce, shall be issued in p~yment of the cost and expense of said imprm~ement assessed agai~mt the property included in the district hereinabove described which bonds shall be redeemed by a collection of special assessment levied and assessed aEainst the propert?' v~thin said district, payable in equal a~mual installments~ vd.th interest at the rate of not to exceed eight percent perannum under the mode of pa~nnent by bonds as required by law and the ordinances of the City of Bremerton. These bonds shall be delivered to the contractor in redemption of warrants on the Local Improvement District funds issued on the estimst e of the City Engineer, or the City of Bre~rton may, at its option, sell said bonds and. make such redemption in cash~ Section ?. That this Ordinance shall take effect inm~ediately fo!io~_ng its passage and publication, as provided by lavz~ PASSED by the City Co~u~cii of tha City of Bremerton, signed by the and ~tested by t~m City Clerk in authentication thereof this ~ ~ - day of _~ 1960. ATTEST: CITY CLERX