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HomeMy WebLinkAbout2555AN ORDINANCE PROVIDING FOR THE ~HPRDV£HENT OF:: The East-West Alley in Block 9~ Unlo~ Ht§h School Addition all in accordance with the plsns~ mll~s~ ml~d ~pectftcations on file tn the office of the gt~y [ngtnee~; adopting said plane~ maps and specifications; establt~htn~ an tmp~ovemen~ dtst~lct; p~ovt~mg fo~ the levytnB of aesees- men~s fo~ the peymen~ of such tmp~ov~en~ and making such tmp~ov~en~ payable by bonds~ ~an~s o; tnstallm~ notes. THE CITY OF 8REMERTON OOES Section 1. Tha~ the East-~est Alley in Block 9~ Union High School Addition be imp;oved by 9;adin9~ placemen~ of asphaltic su;~acin9 and ~he installation of d;ainage facilities toge~he; ~th ~he doing of any and all ~;k in connection ~he~e~i~h as may be necessa;y to make such imp;or.est a complete ~ob~ all in acco;dance ~lth'~he maps~ plans and specifications no~ on-file in ~he office of ~he City Enginee~ of ~he City of B~eme~on. Section 2. Tha~ ~he maps~ plans and specifications p~epa~ed b~ ~he Ci~ Engineer, no~ on file in ~he office o~ said Ci~ Engineer, fo~ the aforesaid improvement be and the same are hereby adopted. Section 3., That ~he cost and expense borne'by and assessed against the p~ope~ty included i~ the assessmen~ district hereinaf~e~ crea~ed, tn accordance ~f~h ~he p~ovisions of the Revised Code of Bashington )5.~.080 except such proportion of said cost as shall be bo~ne by and paid fo~ b~ the Sta~e of ~ashington o~ o~her 9ove~nmental agency, ~hich p~opo~tion of such cost and expense is he~eb~ declared to be in accordance ~ith the special benefits conferred upon such proper~y. . Section ~. That ~he~e is hereby eetabliohed and c~ea~ed $ local improvemen~ district to be called and kno~ Local Inprov~en~, Diet,!ct Nov 291 ~he boundaries of ~hich a~e described es folloue: Ail o~ Block 9 in Union High 5chbol Addition. Section 5. Tha~ ~he cos~ and expense of said imp~ov~en~ to be bo~ns b~ said improvement district and exclusive of an~ portion borne by either the Sta~e of Bashington o~ other Oovernnental agenc~ shall be asseesed a9ainst said prope~y included in said Inprov~en~ District tn accordance -1- ORDINANCE NO, uith the special benefits it uill derive 'from the improvement regard to the zone and termini method, and in accordance ~tth the pro- visions of the Revised, Code of Mashtngton'35.~3.080 and the remainder of said cost of the improvement to be paid for by arrangement, if any, uith the State of Washington or other 9overnmental agency. Section G. That bonds, ~arrants or installment notes bearing interest at a rate of not more than six percent per annum~ payable on of before 10 years from the date of issuances, shall be issued in payment of the cost and expense of said improvement assessed against the property included in the district hereinabove described ~hich bonds~ ~arrants of installment notes shall be redeemed by a collection of special assessment levied and assessed against ~he property ~tthin said district~ payable in equal annual instellments~ ~tth interest at the fate of not to exceed e~ght percent per annum under the mode of payment by bonds~ ~arrants or installment notes es required by ts~ end the ordinances of the City of Bfemerton. Theme bonds~ ~arrante or installment notes shall be delivered to the contractor in demption of ~arrants on the Local Improvement District funds issued on the estimate of ~he City Engineer of the City of 8remerton may, at its option~ sell said bonds~ ~arrants or installment notes and make such redemption in cash, Section ?. That this Ordinance shall take effect immediately in9 i~s passa9e and publication~ as provided by PASSED by the ~ity Council of ~he City of Bremefton, signed by the Hayof and attested by the City Clerk in authentication thereof this HAYOR ATTEST: -2-