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Ordinance 1491ORDINANCE NO. 1 AN ORDINANCE ORDERING THE IMPROVEMENT. OF CERTAIN PROPERTY IN THE CITY OF EDMONDS BY CONSTRUC.TI.NG. CONCRETE.'.SIDEWALKS, STANDARD .CURBS AND GUTTERS, BY PAVING.THE STREET WITH ASPHALTIC TYPE CONCRETE,. PROVIDING NECESSARY DRAINAGE AND ANY NECESSARY GRADING. OR BASE PREPARATION. OR RELATED.WORK NEC- ESSARY TO MAKE A COMPLETE IMPROVEMENT .IN ACCORD- ANCE WITH APPLICABLE CITY STANDARDS; CREATING AN ASSESSMENT DISTRICT .BEING LOCAL IMPROVEMENT DISTRICT NO— 182;. P.RO.VIDING THAT PAYMENT .OF SAID IMPROVEMENT BE MADE BY SPECIAL ASSESSMENTS. UPON .THE PROPERTY OF SAID DISTRICT, PAYABLE BY THE MODE OF "PAYMENT BY BONDS", NOT .TO EXCEED'$4.00: PER ZONED FRONT FOOT,. THE BALANCE TO. BE PAID FROM MONEY. AVAILABLE TO. THE CITY. OF EDMONDS; PROVIDING FOR THE ISSUANCE AND SALE OF LOCAL IMPROVEMENT DISTRICT WARRANTS. AND LOCAL IMPROVEMENT .DISTRICT BONDS; AND CREATING A SPECIAL IMPROVEMENT FUND, DISTRICT NO.. 182. .......... .... :.......... .......... ..... WHEREAS, by Res.oluti.on of Intention No. 233 adopted on the 7th.day of July, 1970,.the City Council of the City of Edmonds declared its.intention to create a local improve- ment district as hereinafter set forth and all work necessary to make a complete improvement .in.aceordance with .the plans and specifications prepared by the City Engineer, ,and WHEREAS, due notice of the hearing upon said Resolution of Intention No. 233'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, 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.C.ouncil has now determined it to be in the best interests of the. City that said improvement as hereinafter described be.carried out and that a local improvement district be created in connection therewith, now, therefore, THE CITY COUN.CIL.OF THE .C.ITY..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.constructi.on of concrete. sidewalks on each.side of the -178- street, 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 nec- es.sary to make a complete.improvement in accordance with applicable city standards, as follows: 8.4th.Avenue West between 21.2th.Street S.W., and south .city limits The foregoing shall be: carried.o.ut in .accordance with :the. maps, plans and specifications therefor prepared for this project,.by Reid, Middleton & Associates, consulting engineers for this project,.copies of which are on file in the office of the .C. ty Clerk,: and the :same :are hereby adopted.. Sect'i:on`2. There is hereby created and established a local improvement district to.be.called "Local Improvement District No. 182"., the boundaries of which :are .legally described as follows, .all situate :in the City of Edmonds, County,of Snohomish, State of Washington: Beginning at the Northeast corner of Lot 8, Wickstrom's addition, according to the plat thereof as recorded in Volume'13 of plats:, page 106, r.ec:ords of Snohomish County, Washington; thence west along the.North: line of said Lot 8, 150`feet;- thence Southerly parallel to the Westerly margin of 84th Ave. W.. to a point on the South :line of Lot :15,.Ridge:Crest,. according to the plat thereof as recorded in Volume:18 of plats, page 85, records of Snohomish.County, Washington; thence Easterly to a point on the South :line :of Lot- :7, blk.3, Alderwood Manor No. 9, according to the plat thereof, as recorded in.Volume.l0:of plats:, page 6, records of Snohomish County, Washington, said point being 150 feet Easterly of the Southwest :corner of said Lot 7,.,thence Northerly parallel to. the Easterly margin of 84th Ave W. to the Northeast corner of lot.8, Hawarden.Tracts, according to the :plat :thereof,.as recorded in. Volume 14, of plats, page.69, records. of Snohomish:County, Washington;. thence Westerly to the :Northwest corner of said Lot :8, thence Northwesterly to. the 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 not to exceed $4.00 perzone .front :foot and d,C balance .to. be paid from monies available .to the :City of Edmonds,,including that granted from the Urban Arterial Fund of the :State of Washington S ection 4.. The estimated cost :and expense of said improvement lying within the :proposed district :is hereby declared to be'$68,250.00..of which the :City. of Edmonds in conjuncti.on with -the .State of Washington Urban Arterial Board will pay the estimated sum of $62,651.32.: The -cost and expense of said improvement, including all labor and materials required to make a complete:improvement,` all engineering, surveying, legal, inspection, ascertaining of ownership of the lots. or parcels of land including in the assessment district, advertising, mailing and publication of notices, accounting, administr.ative,.printing,.costs of acquisition, and other expenses incidental hereto, shall be borne by and assessed againstthe property specially benefited by such improvement including in the. :local improvement district established, embracing, ,as near as may be,. all property. specially benefited by such .improvement,: in theestimated sum of $5,598.68 representing $4.00. per. zone:front foot, PROVIDED,,further that at :the time:fixed for hearing objections to the confirmation of the assessment roll, and at the time 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 improvements herein ordered.to be specially assessed, .such warrants to be :payable .out of the "Local Improvement Fund, District No. 18211., hereinafter created,.to bear interest from the date thereof at a rate not to. exceed eight percent per annum and to be redeemed in cash and/or by..local improvement district -3- bonds herein authorized to be issued.. The costs and expenses of the improvement in the estimated sum of $5,5.98.68 as provided herein, shall be.defrayed and the bonds shall be redeemed by thecollecti:on of special assessment :to.be levied and assessed upon the property within said district, payable in ten equal annual installments, with interest .at:the.rate to be hereafter fixed by ordinance not exceeding eight percent per annum under the mode of "payment by bonds The bonds shall bear the rate of interest at no more than eight percent :per annum, payable on or before twelve 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. 182,..a special fund to be known and designated as "Local Improvement :Fund, District No. 18211, 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.funds shall be issued cash warrants: for the. costs and expenses in connection with said improvement :as the.same may become due in the .estimated sum of $5,5,98.68 provided herein,, and against which .funds shall be paid the bonds and the -interest thereon. APPROVED: 4 ATTEST:iSi[.i�_ i MAYOR CITY CLERK PASSED BY THE CITY COUNCIL.: August 4, 1970 FILED WITH THE CITY CLERK: August 4,.,1970 PUBLISHED: August 1211970 -4-