Loading...
Ordinance 1292ORDINANCE NO. AN ORDINANCE OREDERING THE IMPROVEMENT OF CERTAIN PROPERTY IN THE CITY OF EDMONDS BY CONSTRUCTING CONCRETE SIDEWALKS, • STANDARD CURBS AND CUTTERS, BY PAVING THE STREET WITH AS- PHALTIC TYPE CONCRETE, PROVIDING NECESSARY DRAINAGE AND ANY NECESSARY GRADING OR BASE PREPARATION AND RELATED WORK NECESSARY TO MAKE A COMPLETE IMPROVEMENT IN ACCORDANCE WITH CITY STANDARDS; CREATING AN ASSESSMENT DISTRICT BEING LOCAL IMPROVEMENT DISTRICT NO. 157; PROVIDING THE METHOD OF ASSESS- MENT OF SAID DISTRICT; PROVIDING THAT PAYMENT FOR SAID IM- PROVEMENT BE MADE BY SPECIAL ASSESSMENTS UPON THE PROPERTY IN SAID DISTRICT, PAYABLE BY THE MODE OF "PAYMEFT BY BONDS"f 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 ASSESSMENT; AND CREATING A SPECIAL LOCAL IMPROVEMENT -UND, DISTRICT NO. 157. WHEREAS, by Resolution of Intention No. 210 adopted on March 7, 1957, 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. 210 was given in the manner as provide,9 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 hereinafter described be carried out and that a local improve- ment 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 asphal- tic type concrete, providing necessary drainage, and any nec- essary grading or base preparation and related work necessary to make a complete improvement in accordance with city standards, as follows: 25th Avenue South from 200 feet South of 5th Street S.E. to llth Street S.E. The foregoing shall be carried out in accordance with the mapp 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. 157", which district is desci'bed as follows and contains the following area: Beginning at the intersection of the centerlines of llth St. S.E. and 25th Ave. S. in the City of Edmonds; thence East 180.00 feet; thence N to the North margin of Tract 5, Forshee's Upland Tracts, as recorued in Volume 13, page 57, records of Snohomish County, Washington; thence West 360.00 feet; thence • South to the centerline of llth St. S.E.; thence East 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 $51,000.00, of which SUM the City will pay the estimated sum of $17,189.80. The • cost and expense of said improvement, including all labor and materials required to make a complete improvement, all engi- neering, surveying, legal, inspection, ascertaining of owner- ship of the lots or psrcels of land included in the assess- ment 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 estab- lished, embracing, as near as may be, all property specially benefited by such improvement; PROVIDED in the event the total cost of said improvement shall exceed $10.00 per zoned front foot in accordance 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, such warrants to be payable out of the "Local Improvement Fund, District No. 157" hereinafter created, to bear interest from -3- 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 "paymant by bonds". The bonds shall bear the rate of interest at no more than 6% per annum, payable on or before 12 3e ars after the date of issue. Section 6. All the work :iecessary to be done in connec- tion wi•c:h 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. 157, a special fund to be known and designated as'T,ocal Improvement Fund, District No. 157," into which fund shall be deposited the proceeds from the sale of interest bearing warrants drawn against sai' 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 -4- • 0 and the interest thereon. APPROVED: GORDON MAXWELL, MAYOR' ATTEST: n CITY CLERK Passed by the City Council: April 18, 1967 Filed with the City Clerk: April 18, 1967 Published: April 26, 1967 -5-