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HomeMy WebLinkAbout3442 AN O?3!IN~CE PROVtDINC FOR i~N~ ISPRO\~.~:CF 0~: The Alley which runs from 15th St. to 16th Street between Warren Avenue and Broadway Avenue (vacated) all in accordance with the plans, maps, and specifications on file in the office of the Cit9' Engineer; adopting said plans, maps and specifications; establishing an Lmprovement district; providing for the levy. ing of assessments for the pa)~nent of such improvement and making such improvement payable by bonds, warrants or installment notes. THE CITY OF BR~RTON DOES ORIIklN: Section 1. That the above area be Lmproved by the construction of drainage structures and asphalt surface, together with the doing of an)- and all work in cormection 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 *~he office of the City Engineer of the City of Bremerton. Section 2. Thnt the maps, plans mid specifications prepared by the City Engineer, now on file in the office of said City Engineer, for the aforesaid improver,,ent be and the sm~e are hereby adopted. ' Section $. That t_he cost and e:mense of said ir~prove~,ent shall be borne by and assessed against the property included L~ the assessment district hereinafter created, in accordance ~,5t_h the provisions of ~dne 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 l',:ashin:aron or oC"_,er goYe~T-,.~.ental agency, wi~ich. proportion of such cost and ex-pense is hereby declared to be in accordance with the special benefits conferred u-pon sud~ properzy. Section 4. That there is hereby established and created a local 5.nprovement district to be calJed prod lmo,.m as: Local Im.m-ovc.ment Diszrict No. 322 Beg at the intersection of the west margin of Warren Ave.and th& south margin of 16th Street; thence west to the east margin of Broadway Ave. (vacated);thence south to a point 127.08 feet north of the north margin of 15th Street; thence east 98.25 ft.;thence south to the north margin of 15th Street;thence east to a point 60 ft. west of the west margin of Warren Avenue; thence north 31.77 ft; thence east to the west margin of Warren Avenue; thence north to the POB. Section 5. That the cost and expense of said i~provement 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 in proportion to said area, except certain units wherein the' special benefits conferred upon the property are not fairly reflected by the use of the termini and zone method, the assessment shall be made against t~he property.' of the district in accordance ~vith the special benefits it will derive from the improvement ~cithout regard .. to the zone and termini method, and in accordance ~th 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, ~vith the State of Washington or Other governmental agency. Section .6. That bonds, ~,'arra~nts or irmtallr,~ent notes bearing interest at a rate of not more ~uan ~ percent per a~n~-n,, payable on or before ~ years from the date of iss-~mnce, shall be 5ssued in pa)~ent of the cost and e.x]~ense of said improvement assessed against the property include~ in t]ue district hereinabove described ~vhich bonds, warrants or instalh?,¢nt notes shall be redeemed by a collection of special assessments levied and assessed against the property ,' ~' , ~tn~n said district, payable ino_q.,=l,,~ ir_~ta!Lments ~ith interest at the rate of not to exceed" ~ percent ~r.~,-~-~ trader '~he ~:~de of pa:,~ent by bonds, warrants or installment notes as required by Ia¥: and the ordinances of the City of Bremerton. ~uese bonds, warrants or instalLv..ent no~es shall be delivered to the contractor in rede~tion of warra~nts on the Local Improvement District f~mds 5ssued on the estimate of the City Engineer, or the City of Bremerton ma},, at its option, .sell said bonds, ~,'ar;ants 'or installment notes and make such rede~...~ption in cash. Section 7. ~nat this Ordinance shall take effect immediately following its passage and publication, as provided by law. PASSED by'the City Council of the City of Bremerton,~signed by the b~yor and attested by the City Clerk in authentication thereof this ~? day ATTEST: CXlTY CLERK