Loading...
HomeMy WebLinkAbout2522OHTAN 0FC CITY OF PORT ANGELES 321 EAST FIFTH ST., P.O. BOX 1150 PORT ANGELES, WASHINGTON 98362 PHONE (206) 457 -0411 Summary of Ordinance adopted by the Port Angeles City Council on March 7, 1989 Ordinance No. 2522 AN ORDINANCE of the City of Port Angeles, Washington, providing for the improvement of a certain area within the City by doing street improvements and by doing all other work necessary in connec- tion therewith, creating a Local Improvement District therefore, DelGuzzi Drive LID No. 211, and providing for the payment of the cost of said improvements by special assessments upon the property in said district. This ordinance shall take effect 5 days after publication. Full text of said ordinance shall be mailed upon request. Michelle M. Maike City Clerk Publish: March 10, 1989 ORDINANCE NO. 2522 AN ORDINANCE of the City of Port Angeles, Washington, providing for the improvement of a certain area within the City by doing street improvements and by doing all other work necessary in connection there- with, creating a Local Improvement District therefor, DelGuzzi Drive LID No. 211, and providing for the payment of the cost of said improvements by special assessments upon the property in said district. WHEREAS, on January 17, 1989, the City Council of the City of Port Angeles, Washington, adopted its Resolution No. 3- 89, declaring its intention to order the improvement of a certain area within the City at the street known as DelGuzzi Drive, by doing street improvement, and by doing all other work necessary in connection therewith; and WHEREAS, said Resolution was duly published in the Peninsula Daily News in the manner required by law and notice of a public hearing was also duly given by mailing as required by law; and WHEREAS, said hearing was held on February 7th and March 7, 1989, as provided in said notice, and after consideration of said improvements, the Council has determined to order the construction and installation of the improvements hereinafter more particularly described and to create a Local Improvement District therefor; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PORT ANGELES, WASHINGTON, as follows: Section 1. The property within the City described in Exhibit "A ", attached hereto and incorporated by reference herein, shall be improved by doing grading, draining, paving, installing curb and gutter, watermains, sewers, and underground power, and by doing all work required in connection with said improvements, all as set forth in preliminary plans therefor, -1- prepared under the supervision of the Department of Public Works, and now on file with the City. The hereinabove authorized plans of improvement shall be subject to such changes as to details of said plans not affecting the main general plan as shall be authorized by the City either prior to or during the actual course of construction. Section 2. There is hereby established a Local Improvement District of the City to be known as "Local Improvement District No. 211 ", which shall include all of the property described in Exhibit "A ". Section 3. One hundred percent of the entire cost of the improvements shall be borne by and assessed against the property within Local Improvement District No. 211 specifically benefitted by said improvements. Section 4. There is hereby created a fund of the City to be known as "Local Improvement District No. 211 Fund ", into which Fund there shall be paid all of the assessments collected in said District as and when directed by the Ordinance confirming said assessments and the assessment roll therefor. Interim revenue warrants bearing interest at a rate of not to exceed the maximum rate permitted by law shall be drawn upon said Fund based upon estimates of the city Engineer and shall be sold to such persons, firms or corporation, or to such other funds of the City as may hereafter be provided by Resolution of the City Council, and in the manner provided by such Resolution to furnish moneys for the payment of the costs incidental thereto as the same shall be incurred. The proceeds of sale of such interim revenue warrants shall be deposited in said Fund and cash warrants drawn thereon in payment of such costs. Upon completion of the improvements and after the expiration of a thirty -day assessment prepayment period, -2- installment notes of said Local Improvement District, bearing interest at a rate of not to exceed the maximum rate permitted by law, and payable at such time or times as are hereafter fixed by Ordinance, shall be issued for the redemption of the outstanding revenue warrants and shall be payable, both principal and interest, by the collection of special assessments to be levied and assessed upon the property within the District, payable with interest at a rate not to exceed the maximum rate permitted by law, all as provided by law and ordinances of the city. Section 5. This Ordinance shall take effect five (5) days following its date of publication. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council, held this 7th day of March, 1989. ATTEST; APPROV AS TO FORM: Craig D.Knutson, City Attorney PUBLISHED: March 10, 1989 PW.177 -3- M A Y O R Q `` \t,t,Nk\ ■ a:\. a CO \ \ \ \�\�s. \. �`�\ (0 0 \ \ \ \\ c7 � 2 W O *0 EXHIBIT "A"