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HomeMy WebLinkAbout1258 ORDINANCE NO. 1258 AN 0RDIN~[CE providin~ for the improvement of ?arguerite Avenue from Eleventh Street North to a point .~02.02 feet North of Thirteenth Street ia accordance with the maps, plans and specifications on file in the office of the City Clerk, establishin~ an improvement district, providing for the levying of assessments for the payment of such improvement and making such improvement payable by bonds. THE CI~ C0~'~(!SSION 0F ~E CI~ 0F BRE~ERTON D0 ORDAIN AS FOLLOWS: Section 1. That Uarguerite Avenue from Eleventh Street North to a point 302.02 feet ~orth of Thirteenth Street, be improved by t~e construction of a system of storm and sanitary sewera and appUrtenances, together with the doing of any and all other work in connection therewith as may be necessary to make such improvement a complete job, all in accordance with maps, plans and specifi- cations now on file in the office of the City Clerk of the City of Bremerton. Section 2. 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 Section 9365 of Remington's Revised Statutes, except such proportion of said cost as shall be borne by and paid for by either a department of the State of Washington or a department of the national 2overnment create~ for emergency relief, which proporti, on of such cost and expense is hereby declared to be in accordance with special benefits conferred upon such property. Section 3. There is hereby establ~shed and created a local improvement district to be called and known as Local Improvement District No. 195, the bound- aries of which district are described as follows: Beginning at the intersection of the centerlines of Eleventh Street and I,Jarguerite Avenue; thence West along the centerline of Eleventh ~treet 127'; thence North 998.08'; thence East 264.94'; thence South 1003.82' to the centerline of Eleventh Street; thence West along the centerline of Eleventh Street 131' to the point of beginning. Section 4. That the cost and expense of said improvement to be borne by said improvement district and exclusive of the portion borne by either the State of Washin~ton or the United States Department for Emergency Relief, as in Section 2 of this ordinance provided, shall be assessed against said property included in said improvement district in proportion to said area, and In accordance with the provisions of Section 9365 of Remington's Revised Statutes of the State of Washington and the remainder of said cost of the improvement to be paid for by arrangement with either a department of the State of Washington or a department of the United States Government as hereinbefore provided. Section 5. Bonds bearing interest at the rate of not to exceed six per cent per annum,payable on or before ten 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 shall be redeemed by a collection of special assessments, levied and assessed against the property within said district, payable in equal annual installments, with interest at the rate of not to exceed 6~ per annum under the mode of payment by bonds as required by law and the ordinances of the 0ity of Bremerton. These bonds shall be delivered to the contractor in the redemption of warrants on the local improvement district f~ds issued on the estimate of the City Engineer, or the City of Bremerton may, at its option, sell said bonds either to the United States Government or to any private person or.persons, and make such redemption in cash. Section 6. This ordinance shall, after its first reading, be placed on file with the City Clerk for a period of at least one week and shall take effect thirty days from and after its final reading, passage and publication as provided by law. Passed by the City Comission of the 0ity of Bremerton, on first reading this 29th day of October, 1938. P~SED and adopted on second reading this ?th day of November, 1938, signed by the ¥.ayor and attested by the C~y Clerk in authentication of such passage. ity Clerk