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HomeMy WebLinkAboutOrdinance No. 0193ANORDINANCENO193ORDINANCEoftheCityOfMadinsWashingtonprovidingfortheimprovementofacertainareaWithinthecitybytheconstructionandinstallationofstreetimprovementsandbydoingallworknecessaryinconnectiontherewithandincidentaltheretoallpursuanttoResolutionNo67ofthecitycreatingalocalimprovementdistrictthereforprovidingthatpaymentoftheCostofsaldimprovementsbemadebyspaold1assessmentsonthepropertyinsaiddistrictpayablebythemodeofpaymentbybondsandcreatingLocalImprovementDIstrictNoiFundrWHEREASonJanuaryl01966theCounciloftheCityofMadinsWashingtonadopted1reResolutionNo67declaringitsintentiontoOrdertheimprovementofacertalnareaWithinthegitybytheconstructionandInstallationOfstreetImprovementsandbydoingallworknecessaryinconnectlontherewithandtneldentaltheretoWhichresolutionfixedthetmeanddateofhearingthereonat800oclockPMOnthelthdayofMarch1966attheCityHallinMedlnaWaShingtonandrIWHEREASSuChresolutionwasdulypublishedInthemannerprovidedbylawandnoticeofsuchhearingwasalsodulygiventotheownersorreputedownersofalllotstractsandparcelsoflandorotherpropertytobespeciallybenefitedbytheproposedimprovementsasrequiredbylawandWHEREASsaidhearingwasheldonsaiddateandatsaidtimeandplaceasprovidedinsaidresolutionandnoticeandafterladiscussionofsaidimprovementsandafterhearingallprotestsLannsidengtheametheCoUnCildeterminedtoordertheconstuotlnainstallationofthetmprovemehsdreparticularldescrlbedIandtocreatealocalmprovementdistrictherefOrandtheCouncilhavingauthorizedbondcounselforthecitytOdrawthenecessaryordinancecreatingthelocalimprovementi districtandorderingtheconstructionandinstallationofsuchimprovementsNOWTHEREFORETheCityCounciloftheCityofMedinaWashingtonDOORDAINasfollowsSection1That80thAvenueNEfromNE8thStreettoNE10thStreetshallbeimprovedbygradingandpavingwithaspbalticconcretesurfacingandbyinstallingnecessarydrainagefacilitiesSection2ThattherebeandisherebyestablishedalocalimprovementdistrictofthecitytobeknownasLocalImprovementDistrictNollwhichdistrictshallincludetheareawithinthecityboundedasfollowsBeginningatthesouthwestcornerofthesoutheastquarterofthesoutheastquarterSection28township25northrange4eastWMKingCountyWashlngtonlThenceEasterlyalongthesouthlineofsaidsoutheastquarter19814feetThenceNortherlyalongallneparalleltoand19814feeteasterlyofthewestllneofsaidsoutheastquarterofsoutheastquarter69459feetThenceWesterlyalongallneparalleltoand69459feetnorthofthesouthlineofthesaidsoutheastquartertoapoint132feetwestofthewestlineofsaidsoutheastquarterofthesoutheastquarterThenceSoutherlyalongalineparalleltoand132feetwestofthewestlineofsaidsoutheastquarterofthesoutheastquartertothesouthlineofsaidsoutheastquarterThenceEasterlyalongsaidsouthlinetothepointofbeginningThecityshallcontribute25oftheentirecostandexpenseofsaidimprovementsandappurtenancesincludingallnecessaryexpensesincidentaltheretoThebalanceofsuchcostandexpenseshallbebornebyandassessedagainstthepropertyincludedinthelocalimprovementdistrictheretoforecreatedSuchassessmentsshallbecomputedbytzoneandtarminimethod Section3Bondsofsaidlocalimprovementdistrictbearinginterestatarateofnottoexceed6perannumandpayableonorbeforeadatenotexceedingtwelve12yearsfromandafterthedateofssueshallbeissuedinpaymentofthecostandexpensesoftheimprovementsprovidedforheroinwhichbondsshallberedeemablebythecollectionofspecialassessmentstobeleviedandassesseduponthepropertywithinthedistrictasaboveprovidedsuchassessmentstobepayableinten10equalinstallmentswithinterestatarateofnottoexceed6perannumUnderthemodeofpaymentbybondsasdefinedbythestatutesoftheStateofWashingtonandordinancesoftheCityofMedinaAnyassessmentsorinstallmentsthereofwhendelinquentandtheinterestduethereonshallbearapenaltyofofthetotalamountthereoffromthedateofsuchdelinquencySection4ThereisherebycreatedafundofthecitytobeknownasLocalImprovementDistrictNo1FundintowhichFundthereshallbepaidalloftheassessmentscollectedinsaiddistrictasandwhendirectedbytheordinanceconfirmingsaidassessmentsandtheassessmentrollthereforSaidFundshallbeusedsolelyforthepurposeofpaymentofbondsandorwarrantstobeissuedinpaymentofthecostandexpenseofsaidimprovementsashereinprovidedInterimwarrantsbearinginterestatarateofnottoexceed6perannummaybedrawnonsaidFundbaseduponestimatesofthecitysengineersandsoldbythecitytoprovidefundsforthepaymentofthecostofconstructionandinstallationofsaidimprovementsandcostsincidentaltheretoasthesameshallbeincurredThemoneyreceivedfromthesaleofsaidwarrantsshallbeplacedintheLocalImprovementDistrictNo1ConstructionFundofthecitywhichisherebycreatedandwhichshallbeusedtopayallofsaidcosts PASSEDbytheCouncilortheCityofNedinaWashingtonafidjapitsMayorataregularmeetingheldthis9thdayprovedbyCityClerkAPPROVEDASTOFORMSiCITYOFMEDINAUWASHINGTONByMayorqalifiedandactingDOHEREBYCERTIFYyClerkftheCitYofMedinalWashingtonthatthforegoingisatrueandcorrectcopyofOrdinanceNoofsaidcitydulypassedbyitsCouncilandapproveditsMayorataregularmeetinofsaidCouncilheldonthe9thdyofMay1966CityClerk