HomeMy WebLinkAbout3229 OWI NCE NO.
AN ORDINANCE PROVIDING FOR 21tE I~ROVtt~NT OF:
The Alley which runs from 12th Street to 13th Street
between Elizabeth Avenue and Warren Avenue
all in accordance with the plans, maps, and specifications on file in the
office of the City Engineer; adopting said plans, maps and s~pecifications;
establishing 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.
7HE CITY OF BREb~RTON DOES ORDAIN:
Section 1. That the above area be improved by the construction of
drainage structures and asphalt surface, 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 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
Washington 3S.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. 320
Block 2 of Central Addition except the East 90 feet of Lots 1 and 2
ORDINANCE NO. - 2-
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 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 the property of the district in accordance
with the special benefits 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 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 governmental agency.
Section 6. ~]~at bonds, warrants or installment notes bearing interest
at a rate of not more than ~' percent per annum, payable on or before /~
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 hereinabove described which bonds, warrants or installment notes shall
be redeemed by a collection of special assessments levied and assessed against
the property within said district, payable in equal installments, with interest
at the rate of not to exceed eight percent annum under the mode of payment by
bonds, warrants or installment notes as required by Iaw and the ordinances of
the City of Bremerton.. These bonds, warrants or installment notes shall be
delivered to the contractor in redemption of warrants on the Local Improvement
District funds issued on the estimate of the City Engineer, or the City of
Bremerton may, at its option, sell said bonds, warrants or installment notes
and make such redemption in cash.
ORDINANCE NO. - 3-
Section 7. That 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 ~layor
and attested by the City Clerk in authentication thereof this .~X~F day
of ,?u~ , l~ 75' ·
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