Loading...
HomeMy WebLinkAbout1828• ORDINANCE NO. /Uo2U AN ORDINANCE of the City of Port Angeles, Washington, providing for the improvement of a certain area within the city by the construction and installation of storm sewers, grading, ballasting and paving streets and constructing curbs and gutters, and by doing all work required in connection with such improvements, all pursuant to Improvement Resolution No. 197 of the City passed and approved May 21, 1974 creating a local improvement district therefor, providing for the payment of the cost of said improvements by special assessments upon the property in said District, pro- viding for the creation of Local Improvement District No. 197 Fund and for the issuance and sale of local improvement district warrants and notes or bonds. WHEREAS, on May 21, 1974, the Council of the City of Port Angeles, Washington, adopted its Improvement Resolution No. 197 declaring its inten- tion to order the improvement of a certain area within the city by the con- struction and installation of storm sewers, grading, ballasting and paving streets and constructing curbs and gutters therein and by doing all work required in connection therewith, which resolution fixed the date of hearing thereon for June 18, 1974 in the City Council Chambers in Port Angeles, Washington; and WHEREAS, said resolution was duly published in the manner required by law and notice of said hearing was also duly given by mailing as required by law; and WHEREAS, said hearing was held on June 18, 1974 as provided in said notice, various oral statements for and against the improvements were made and certain written protests were filed and after discussion of said improvements and due consideration thereof the Council has determinded to order the construction and installation of the improvements hereinafter more particularly described and to create a local improvement district therefore NOW, THEREFORE, BE IT ORDAINED by the Council of the City of Port Angeles, Washington, as follows: Section 1. The following described property within the City shall be improved by the construction of storm sewers, grading, ballasting and paving streets and constructing curbs and gutters, together with all appurtenances and work required in connection therewith: The Canyonedge subdivision and adjoining properties, abutting the following improvements. Section 2. The following described streets and storm sewers shall be constructed and installed within the area described in Section 1 above, together with all necessary appurtenances and by doing all work necessary in connection therewith: 1. A 8" storm sewer along lot lines from Canyonedge Circle to Canyonedge Drive. 2. A 10" storm sewer in Canyonedge Drive, from Rhodes Road to Ahlvers Road. 3. A 12" storm sewer in Ahlvers Road from Canyonedge Drive to Peabody Street. 4. Grade, ballast and pave with asphalt concrete and con- struct concrete curb and gutter Meadow Circle, Hill Circle, Canyon Circle, and Canyonedge Drive from Rhodes Road to Ahlvers Road. Section 3. The plans and specifications for the improvements described in Section 2 above as prepared by the City Engineer and now on file are hereby adopted and approved. Section 4. There is hereby established a local improvement dis- trict of the city to be known as "Local Improvement District No. 197" which said district shall include all the property described in Section 2 above. Section 5. The estimated cost of said improvements is $119,543.59 all of which shall be borne by and assessed against the property within Local Improvement District No. 197 specially benefited by said improvements. Such assessments shall be made against the property within the said Local Improve- ment District in accordance with the special benefits said property will derive from said improvements, without regard to the zone and termini method. Section 6. There is hereby created a fund of the city to be known as "Local Improvement District No. 197 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 assessment and the assessment roll therefor. Interim revenue warrants bearing interest at a rate to be fixed by the City Council shall be drawn upon said fund based upon estimates of the City Engineer and shall be sold to such person, firm or corporation or to such other funds of the city as may hereafter be provided by resolution of the City -2- • Council and in the manner provided by such resolution to furnish moneys for the payment of the costs of construction and installation of said improve- ments and 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 the 30 -day assessment prepayment period, installment notes or bonds of said local improvement district bearing interest at a rate of not to exceed 81% per annum payable on or before twelve years from date of issue 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 in ten equal annual installments with interest at a rate of not to exceed 81/2% per annum, all as provided by law and ordinances of the city. If bonds are issued they shall be in denominations of $1,000 each, except for Bond No. 1, the denomination of which shall be hereafter provided by resolution of the City Council. Section 7. This ordinance shall become effective five days from and after its passage, approval and publication. PASSED by the Council of the City of Port Angeles, and approved by its Mayor at a regular meeting of said Council held this 2nd day of July, 1974. ATTEST: CITY OF PORT ANGELES, WASHINGTON ' City., Clerk APPROVED AS TO FORM: City Attorney PUBLISHED: c-L5/ S / 9 7'44. By .//! !/��Lw� -3- Mayor • I, Marian C. Parrish, the duly qualified and acting City Clerk of the City of Port Angeles, Washington, DO HEREBY CERTIFY that the foregoing ordinance is a true and correct copy of Ordinance No. if°Z 8 of said city, duly adopted by its Council and approved by its Mayor at a regular meeting of said Council held on the , 1974. day of g. City Clerk