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Ordinance 28780006.090.076 MHD/srh 03/31/92 ORDINANCE NO. 2878 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, ORDERING THE IMPROVEMENT OF CERTAIN PROPERTY; ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 213, AND ORDERING THE CARRYING OUT OF THE PROPOSED IMPROVEMENT; PROVIDING THAT PAYMENT OF THE COSTS OF THE IMPROVEMENT BE MADE BY SPECIAL ASSESSMENTS UPON THE PROPERTY IN THE DISTRICT, PAYABLE THROUGH ISSUANCE OF LID BONDS; AND PROVIDING FOR THE ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS OR OTHER SHORT TERM OBLIGATIONS REDEEMABLE IN CASH AND LOCAL IMPROVEMENT DISTRICT BONDS. WHEREAS, on March 17, 1992, the Edmonds City Council passed Resolution of Intent No. 268, resolving the intent to establish Limited Improvement District No. 213 ("the District"), setting forth the nature and territorial extent of the proposed improvement, the mode of payment together with related improvements more specifically described hereinafter, and WHEREAS, pursuant to said Resolution of Intent No. 268 and after proper notice, the Edmonds City Council held a public hearing on April 7, 1992 to hear from persons desirous of objecting to the proposed improvements herein mentioned, WHEREAS, the Director of Community Services for the City of Edmonds caused an estimate to be made of the cost and expense of the proposed improvement and certified that estimate to the City Council, together with all papers and information in his possession touching the proposed District, and a statement of what portion of MHD17324.10 -1- the cost and expense of the improvement should be borne by the property within the proposed District, and WHEREAS, that estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels of land, and other property which will be specially benefited by the proposed improvement and the estimated cost and expense thereof to be borne by each lot, tract and parcel of land or other property, and WHEREAS, the City Council has determined it to be in the best interests of the City and of the owners of the property within the local improvement district that said improvement petitioned for, as hereinafter described, be carried out and that the District be created in connection therewith, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The City Council of the City of Edmonds, Washington, orders the following improvements of the following described streets and avenues: Acquisition of necessary right-of-way and easements, if any are needed, constructing sanitary sewer main and water main, and restoring streets and sidewalks where affected, together with all necessary appurtenances and related work necessary to make a complete improvement in accordance with applicable City standards. The routes along which the said sanitary sewer mains will be constructed are as follows: On tract 8 of the plat of Bellin Gardens, on 220th Street S.W. from approximately 200 feet west of 95th Avenue W. to 92nd Avenue W., on 92nd Avenue W. from 200 Street S.W. to approximately 150 feet north of 218th Street S.W. and on 218th Street S.W. from 92nd Avenue W. to 88th Avenue W. MHD17324.1O -2- The route along which both said sanitary sewer mains and water mains will be constructed is 93rd Place W. from 220th Street S.W. to approximately 550 feet north. All of the foregoing shall be in accordance with the plans and specifications therefor prepared by the City Director of Community Services, and may be modified by the City Council as long as such modification does not affect the purpose of the improvement. Section 2. There is created and established a local improvement district, to be called Local Improvement District No. 213 of the City of Edmonds, Washington ("the District"), the boundaries and territorial extent of which are more particularly described on Exhibit A, a copy of which is attached hereto and incorporated in full by this reference. Section 3. The total estimated cost and expense of the improvement is declared to be $545,178.64. The entire cost and expense of the improvement including all labor and materials required to make a complete improvement, all engineering, surveying, inspection, ascertaining ownership of the lots or parcels of land included in the District, and all advertising, mailing and publication of notices, accounting, administrative, printing, legal, interest and other expenses incidental thereto, shall be borne by and assessed against the property specially benefited by such improvement included in the District embracing as nearly as practicable all property specially benefited by such improvement. MHD17324.1O -3- Section 4. In accordance with the provisions of RCW 35.44.047, the City may use any method or combination of methods to compute assessments which may be deemed to fairly reflect the special benefits to the properties being assessed. Section 5. Local improvement district warrants may be issued in payment of the cost and expense of the improvement herein ordered to be assessed, such warrants to be paid out of the Local Improvement Fund, District No. 213, hereinafter created and referred to as the Local Improvement Fund, and, until the bonds referred to in this section are issued and delivered to the purchaser thereof, to bear interest from the date thereof at a rate to be established hereafter by the City Finance Director, as issuing officer, and to be redeemed in cash and/or by local improvement district bonds herein authorized to be issued, such interest -bearing warrants to be referred to hereafter as "LID Warrants." In the alternative, the City hereafter may provide by ordinance for the issuance of other short-term obligations pursuant to RCW Chapter 39.50. The City is authorized to issue local improvement district bonds for the District which shall bear interests at a rate, and to be payable on or before a date, to be hereafter fixed by ordinance. The bonds shall be issued in exchange for and/or redemption of any and all LID Warrants issued hereunder or other short-term obligations hereafter authorized and not redeemed in cash within twenty days after expiration of the thirty -day period for the cash payment of assessments without interest on the MHD17324.1O -4- assessment roll for the District. The bonds shall be redeemed by the collection of special assessments to be levied and assessed against the property within the District, payable in annual installments, with interest at a rate to be hereafter fixed by the ordinance authorizing issuance and sale of the bonds. The exact form, amount, date, interest rate and denominations of such bonds shall be hereafter fixed by ordinance of the City Council. Such bonds shall be sold in such manner as the City Council shall hereafter determine. Section 6. In all cases where the work necessary to be done in connection with the making of said improvement is carried out pursuant to contract upon competitive bids, the call for bids shall include a statement that payment for such work will be made in cash warrants drawn upon the Local Improvement Fund. Section 7. There is created and established in the office of the City Finance Director for the District the Local Improvement Fund, District No. 213, into which fund shall be deposited the proceeds from the sale of LID Warrants or other short term obligations drawn against the fund which may be issued and sold by the City and collections pertaining to assessments, and against which fund shall be issued cash warrants to the contractor or contractors in payment for the work to be done by them in connection with the improvement, and against which fund cash warrants shall be issued in payment for all other items of expense in connection with the improvement. MHD17324.10 -5- Section 8. Within fifteen (15) days of the passage of this ordinance there shall be filed with the City Finance Director the title of the improvement and District number, a copy of the diagram or print showing the boundaries of the District and the preliminary assessment roll or abstract of such roll showing thereon the lots, tracts and parcels of land that will be specially benefited thereby and the estimated cost and expense of such improvement to be borne by each lot, tract or parcel of land. Upon said filing, the City Finance Director shall immediately post the proposed assessment roll upon his index of local improvement assessments against the properties affected by the local improvement. Section 9. This ordinance, being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take effect five (5) days after passage and publication. APPROVED: ATTEST/AUTHENTICATED: C Y CLERK, RWNDA J. MARCH APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY: BY C'Tr'i4� FILED WITH THE LITY CLERK: April 2, 1992 MHD17324.10 -6- PASSED BY THE CITY COUNCIL: April 21, 1992 PUBLISHED: April 26, 1992 EFFECTIVE DATE: May 1, 1992 ORDINANCE NO. 2878 MHD17324.10 —7— EXHIBIT A LEGAL DESCRIPTION OF L.I.D. #213 BEGINNING at the southeast corner of Wichser's Del Mar Addition No. 6 as recorded in Volume 15 of Plats, Page 64, records of Snohomish County, WA; thence westerly along the southerly boundary of said plat to the northeast corner of Lot 14 of Preview Homes Westgate Village, as recorded in Volume 20 of Plats, Page 28, records of Snohomish County, WA; thence southerly along the easterly lines of said Lot 14 and Lot 13 of said plat to the southeast corner of said Lot 13; thence westerly along the southerly line of said Lot 13 and Lot 12 of said plat to the most southerly corner common to Lots 12 and 10 of said plat; thence southerly along the easterly line of said Lot 10, and Lots 9 and 8 of said plat, to the southeast corner of said Lot 8; thence easterly along the south line of the north 500 feet of Lot 13 of Block 7, Alderwood Manor No. 9, as recorded in Volume 10 of Plats, Page 6, records of Snohomish County, WA, to its intersection with the east line of the west 90 feet of last said Lot 13; thence southerly along said east line to its intersection with the south line of the north 600 feet of said Lot 13; thence westerly along last said south line to its intersection with the west line of said Lot 13; thence southerly along said west line to the southeast corner of Lot 7 of the aforementioned Plat of Preview Homes Westgate Village; thence westerly along the south line of said Lot 7 and Lot 6 of said Plat to a point 82.04 feet east of the west boundary of said plat; thence southerly to a point on the northerly right-of-way margin of 220th St. S.W. which lies 76.04 feet east of the west line of Lot 12 of the aforementioned Block 7, Alderwood Manor No. 9; thence continuing southerly to the southerly right-of-way margin of 220th St. S.W.; thence easterly along said southerly right-of-way margin to its intersection with the southerly prolongation of the east line of the west 115.88 feet of Government Lot 2, Section 30, Township 27 North, Range 4 East, W.M.; thence northerly along said east line to its intersection with the north line of the south 150 feet of said Government Lot 2; thence easterly, along said north line to its intersection with the west line of Aurora Heights No. 3, as recorded in Volume 13 of Plats, Page 45, records of Snohomish County, WA; thence northerly along said west line to the southwest corner of Lot 1 of said plat; thence easterly along the south line of Lots 1, 2, 3, 4, 5, and 6 of said plat, and the south line of the northeast quarter of the southeast quarter of aforementioned Government Lot 2 to the southeast corner of the west half of said subdivision; thence northerly along the east line of said west half and its northerly prolongation to its intersection with the southerly boundary of Tyler Tracts, as. recorded in Volume 14 of Plats, Page 20, records of Snohomish County, WA; thence westerly along said southerly boundary to the southeast corner of Lot 25 of said plat; thence north, along the east line of said Lot 25 to the northeast corner thereof; thence Legal Description of L.I.D. #213 Page 2 west to the northwest corner of Lot 28 of said plat; thence south along the west line of said Lot 28 to the southeast corner of Lot 1 of Rosewood No. 2, as recorded in Volume 18 of Plats, Page 80, records of Snohomish County, WA; thence westerly along the southerly boundary of said plat to its intersection with the west line of the southeast quarter of the northwest quarter of the southwest quarter of the northwest quarter of said Section 30; thence southerly along said west line to its intersection with the northerly right-of-way margin of 218th St. S.W.; thence westerly along said margin to its intersection with the easterly right-of-way margin of 92nd Ave. W.; thence northerly along said margin to its intersection with the easterly prolongation of the southerly boundary of the aforementioned Wichser's Del Mar Addition; thence westerly along said prolongation to the POINT OF BEGINNING. GH/dm D:\D\Worddata\LID213LD Affidavit of Publication APR 2 4J 1992 STATE OF WASHINGTON, COUNTY OF SNOHOIV(ISH, j} SUMMARY OF The undersigned, being first duly sworn on oath deposes and says ORDINANCE NO. 2878 e that she is Principal Clerk of THE HERALD, daily Edmond Wlashinvton a newspaper the Ciitty Councill off thherl6y of printed and published in the City of Everett, County of Snohomish, Edmonds, passed Ordinance No. 2878. A summary of the content of sold ordinance, consisting of and State of Washington; g on; that said newspaper is a newspaper of the title provides as follows; AN OR6INANCE OF THE CITY WASHINGTON, general circulation in said County and State; that said newspaper OF EDMONDS OV ORDERING OFTTAHE ICERN > has been approved as a legal newspaper by order of the Superior PROPERTY; ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 213, AND Court of Snohomish Count and that the notice ........................................ y ORDERING THE CARRYING IMPROVEMENT'PROVIDING THAT PAYMENT OF THE THAT of. Ordinance No. 2878 COSTSOF THE IMPROVEMENT - BE MADE BY SPECIAL ASSESS. ....................................................................................................................... """--••^^• INETHEUDIISTRICT,PPAYABLE City of Edmonds THROUGH ISSUANCE OF LID BONDS; AND PROVIDING FOR ......................................................................... ............................................................. THE ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS OR OTHER SHORT TERM IN CASH IN CASH Improvement of_ Certain Pro ert --•-••--••--••••••••••••••.... REDEEMABLE AND LOCAL IMPROVEMENT -...-.. � ••••- ••• � ....-•••-�.•• DISTRICT BONDS, The full text of this Ordinance a printed copy of which is hereunto attached was published in said will be mailed upon request. 19DATED this 22nd day of April, newspaper proper and not in supplement form, in the regular and RHONDA J. MARCH City Clerk i %prll entire edition of said paper on the following days and times, namely: Published: 26, 1"2. April 26, 1992 .................................................................................................................................... •'••..............................................•••.............•••••••...................:......................................... and that said newspaper was regularly distributed to its subscribers during all of said period., 0 � ...............................p. ........ 6...'............................................... Principal Clerk 27 Subscribed and sworn to�'before me this .......... ............th ...... da of........April.............. 92 .................... ........ ...... .......................... Notary Pub ' djpr ate f Washington, residing Co ty. B-2_1