Loading...
Ordinance 1381ORDINANCE NO, AN ORDINANCE ORDERING THE IMPROVEMENT OF CERTAIN PROPERTY IN THE CITY OF EDMONDS BY CONSTRUCTING CONCRETE SIDEWALKS, STANDARD CURBS AND GUTTERS, BY PAVING THE STREET WITH ASPHALTIC TYPE CONCRETE, PROVIDING NECESSARY DRAINAGE AND ANY NECESSARY GRADING OR BASE PREPARATION AND RELATED WORK NECESSARY TO MAKE A COMPLETE IMPROVEMENT IN ACCORD- ANCE WITH CITY STANDARDS;.CREATING AN ASSESSMENT DISTRICT BEING LOCAL IMPROVEMENT DISTRICT NO. 167; PROVIDING THE METHOD OF ASSESSMENT OF SAID DISTRICT; PROVIDING THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECIAL ASSESS- MENTS UPON THE PROPERTY IN SAID DISTRICT, PAYABLE BY THE MODE OF "PAYMENT BY BONDS"; PROVIDING FOR THE ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS AND LOCAL IMPROVEMENT DISTRICT BONDS; PROVIDING FOR PAYMENT BY THE SAID CITY OF COSTS EXCEEDING $10,00 PER ZONED FRONT FOOT IN ACCORDANCE WITH THE ZONE -AND -TERMINI METHOD OF ASSESS- MENT; AND CREATING A SPECIAL LOCAL IMPROVEMENT FUND, DISTRICT NO. 167 WHEREAS, by Resolution of Intention No. 222 adopted on May 21, 1968, the City Council of the City of Edmonds declared its intention to create a local improvement district as here- inafter set forth and all work necessary to make a complete improvement in accordance with the plans and specifications prepared by the City Engineer, and WHEREAS, due notice of the hearing upon said Resolution of Intention No. 222 was given in the manner as provided by law and such hearing was held by the City Council as aforesaid, and all persons appearing at said hearing were heard, and all written protests filed with the City Council on or before said date were duly considered and rejected by the City Council, and WHEREAS, the City Council has now determined it to be in the best interests of the City that said improvement as herein- after described be carried out and that a local improvement district be created in connection therewith, now, therefore, THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON, DO ORDAIN AS FOLLOWS: Section 1. The following property within the City of Edmonds, Washington is hereby ordered to be improved by the construction of concrete sidewalks on each side of the street, standard curbs and gutters, by paving the street with asphaltic type concrete, providing necessary drainage, and any necessary grading rading or base preparation and related work necessary to make a complete improvement in accordance with City Standards, as follows: Forsythe Lane from Fifth Avenue to Sixths Avenue. The foregoing shall be carried out in accordance with the maps, plans and specifications therefor prepared by Reid, Middleton & Associates, Inc., consulting engineers to said City, copies of which are on file in the office of the City Clerk, and the same are hereby adopted. Section 2. There is hereby created and established a local improvement district, to be called "Local Improvement District No. 167", which district is described as follows and contains the following area: Beginning at the N.W. corner of the S.W. 1/4 of the N.W. 1/4 of Sec. 25; T27N; R3E.W.M; thence South 197.5 feet to the Point of Beginning; thence continue South 343.5 feet; thence East 330 feet; thence South 11 feet; thence East 330 feet; thence North 354.5 feet; thence West to Point of Beginning. Section 3. The cost and expense of said improvement shall be assessed upon all the property in the District in accordance with the zone -and -termini method of assessment provided by law, not to exceed $10.00 per zoned front foot. -2- Section 4. The estimated cost and expense of the said improvement is hereby declared to be $28,500.00, of which sum the City will pay the estimated sum of $15,912.00. The cost and expense of said improvement, including all labor and mater- ials required to make a complete improvement, all engineering, surveying, legal, inspection, ascertaining of ownership of the lots of pracels of land included in the assessment district, advertising, mailing and publication of notices, accounting, administrative, printing, costs of acquisition, and other ex- penses incidental thereto, shall be borne by and assessed against the property specially benefited by such improvement included in the local improvement district established, embracing, as near as may be, all property specially benefited by such im- provement; PROVIDED, in the event the total cost of said im- provement shall exceed $10.00 per zoned front foot in accord- ance with the zone -and -termini method of assessment, the City of Edmonds shall pay sums sufficient to provide the difference between the actual costs of said improvement and the said $10.00 per zoned front foot; PROVIDED, further, that at the time fixed for hearing objections to the confirmation of the assessment roll, and at the times to which the hearing may be adjourned, the City Council may correct, revise, raise, lower, change or modify the roll or any part thereof, or set aside the roll and order the assessment to be made de novo and at the conclusion thereof confirm the roll by ordinance. Section 5. Local improvement district warrants shall be issued in payment of the portion of the cost and expense of the improvement herein ordered to be specially assessed, -3- such warrants to be payable out of the "Local Improvement Fund, District No. 167" hereinafter created, to bear interest from the date thereof at a rate not to exceed 6% per annum and to be redeemed in cash, and/or by local improvement district bonds herein authorized to be issued. The costs and expenses of the improvement up to but not to exceed $10.00 per zoned front foot, shall be defrayed and the bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District, payable in ten (10),_equal annual installments, with interest at a rate to be hereafter fixed by ordinance not exceeding 6% per annum under the mode of "payment by bonds". The bonds shall bear the rate of interest at no more than 6% per annum, payable on or before 12 years after the date of issue. Section 6. All the work necessary to be done in connection with the making of said improvement shall be done by and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. Section 7. There is hereby created and established for Local Improvement District No. 167, a special fund to be known and designated as "Local Improvement Fund, District No. 167", into which fund shall be deposited the proceeds from the sale of interest bearing warrants drawn against said fund which may be issued and sold by the City, and the aggregate of the several amounts assessed, levied and collected on the lots and parcels of land in said local improvement district; and against which fund shall be issued cash warrants for the costs and expenses in connection with said improvement as the same become due, not to exceed $10.00 per zoned front foot as pro- vided herein, and against which fund shall be paid the bonds and the interest thereon. APPROVED-. � '4 MAYOR' ATTEST: CITY CLERK PASSED BY THE CITY COUNCIL: August66,1968 FILED WITH THE CITY CLERK: Xu4gsL 1' 1968 PUBLISHED: AttgtisWL,4,1968 -5-