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Ordinance 1758ORDINANCE NO. 17 S-9 AN ORDINANCE ORDERING THE IMPROVEMENT OF CERTAIN PROPERTY IN THE CITY OF EDMONDS BY CONSTRUCTING STANDARD CURBS AND GUTTERS, INSTALLING CONCRETE SIDEWALKS, BICYCLE PATHS, INSTALLING NECESSARY DRAINAGE, AND ANY NECESSARY GRADING OR BASE PREP- ARATION AND RELATED WORK NECESSARY TO MAKE A COM- PLETE IMPROVEMENT IN ACCORDANCE WITH APPLICABLE CITY STANDARDS; CREATING AN ASSESSMENT DISTRICT BEING LOCAL IMPROVEMENT DISTRICT NO. 193; PROVIDING THAT PAYMENT FOR 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 ZONE FRONT FOOT, THE BALANCE TO BE PAID FROM MONEY AVAILABLE TO THE CITY OF EDMONDS; PROVIDING FOR THE ISSUANCE AND SALE OF LOCAL IMPROVE- MENT DISTRICT WARRANTS AND LOCAL IMPROVEMENT DISTRICT BONDS; AND CREATING A LOCAL IMPROVEMENT FUND, DISTRICT NO. 193. WHEREAS, by Resolution of Intention No. 240, adopted on the 23rd day of December, 1974, the City Council of the City of Edmonds declared its intention to create a local improvement district as hereinafter set forth and all work necessary to make a complete improvement in accordance with the plans and specifi- cations prepared by the City Engineer, and WHEREAS, due notice of the hearing upon said Resolution of Intention No. 240 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 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 installing stand - and curbs and gutters, installing concrete sidewalks on each side of the street, bicycle paths, installing necessary drainage and grading or base preparation and related work necessary to make a complete improvement in accordance with applicable standards, as follows: 220th Street S.W., from the east city limits at Highway 99 west to 84th Avenue West (Urban Arterial Project No. 8-1-139 (07), City of Edmonds, Primary Agent) The foregoing shall be carried out in accordance with the maps, plans and specifications therefor prepared by Reid, Middleton & Associates, Inc., consulting engineers for this project, 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. 193," which is described by Exhibit "A" a copy of which is attached hereto and by this reference incorporated herein as if set forth in full. 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 $4.00 per zone front foot and the 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. Section 4. The estimated cost and expense of said improve- ment lying within the proposed district is hereby declared to be $410,075.00, of which the City of Edmonds will pay the estimated sum of $389,843.40. The cost and expense of said improve- ment, including all labor and materials required to make a complete improvement, all engineering, surveying, legal, inspec- tion, ascertaining of ownership of the lots or parcels of land -2- included in the assessment district, advertising, mailing and publication of notices, accounting, administrative, printing, costs of acquisition, and other expenses 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 improvement, in the estimated sum of $20,231.60, 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 improvement herein ordered to be specially assessed, such warrants to be payable out of the "Local Improvement Fund, District No. 193" hereinafter created, to bear interest from the date thereof at a rate not to exceed eight percent (8%) 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 in the estimated sum of $20,231.60 as provided herein, 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 the rate to be hereafter fixed by ordinance not exceeding eight percent -3- (8%) per annum, under the mode of "payment by bonds." The bonds shall bear the rate of interest at no more than eight percent (8%) 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. 193, a special fund to be known and designated as "Local Improvement Fund, District No. 193" 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 $20,231.60 provided herein, and against which funds shall be paid the bonds and the interest thereon. APPROVED: MAYOR ATTEST: lm,"Irl_ Mz CITY (CLERK Filed with the City Clerk: January 23, 1975 Passed by the City Council.; January 28, 1975 Published: February 5, 1975 ME EXHIBITT "A" Begin at the Northwest corner of the South one-half of the Southwest one - quarter of the Southwest one -quarter of the Northeast one -quarter of Section 30, Township 27 North, Range 4 East, W.M., and run thence East along the North line of said subdivision to the Northwest corner of Patricia Ann Park 140. 3 as re- corded in Book of Plats, Volume 22, Page 16, in the office of the Auditor, Snohomish County, Washington; thence East along the North line of said plat and continuing East in a straight line to a point in a line drawn parallel to and distant 175.0 feet East of the East line of said plat; thence South along said parallel line to a point 150 feet North of the North Margin of 220th Street Southwest; thence East parallel to said North Margin 155 feet; thence South 55 feet; thence East parallel to the North Margin at 220th Street Southwest to the East Margin of 80th Avenue West; thence North along said East Margin to the Northwest corner of Lot 11, Block 2, Hadley Acres, as recorded in Book of Plats, Volume 8, Page 30 in the office of the Auditor, Snohomish County, Washington; thence East in a straight line to the Northeast corner of Lot 20 said Block 2 and continue East in a straight line to the East Margin of 76th Avenue West; thence South along said East Margin to the Northwest corner of Willers Addition as recorded in Book of Plats, Volume 14, Page 13, in the office of the Auditor, Snohomish County, Washington; thence East along the North line said Willers Addition to the Northeast corner thereof; thence North to the Northwest corner of Lot 41, Solners 5 Acre Tracts, as recorded in Book of Plats, Volume 7, Page 25 in the office of the Auditor, Snohomish County, Washington, thence East along said North line to the North -South centerline of said Lot 41; thence South along said North -South centerline to the Westerly Margin of Washington State Road No. 1; thence Southwesterly along said Westerly Margin to a point 300 feet South, measured at right angles from the South Margin of 220th Street Southwest; thence West parallel to said South Margin to the East line of Swans Addition as recorded in Book of Plats, Volume 16, Page 110 in the office of the Auditor, Snohomish County, Washington; thence North along said East line and continuing North to a point in a line drawn parallel to and 168 feet South of the aforesaid South Margin of 220th Street; thence West along said parallel line to the East Margin of 76th Avenue West; thence North along said East Margin to the South Margin of 220th Street Southwest; thence West along said South Margin to the centerline of 84th Avenue West; thence North along said centerline to the point of beginning. EXHIBIT "A"