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HomeMy WebLinkAbout2388ORDINANCE NO. vSN613 AN ORDINANCE of the City of Port Angeles, Washington, providing for the improvement of a certain area within the City by installation of sanitary sewer, and by doing all other work necessary in con- nection therewith, creating a Local Improvement District therefor, Campbell Avenue Sewer Extension LID No. 207, and providing for the payment of the cost of said improvements by special assessments upon the property in said district. WHEREAS, on March 4, 1986, the City Council of the City of Port Angeles, Washington, adopted its Resolution No. 05 -86, declaring its intention to order the improvement of a certain area within the City at the street known as Campbell Avenue by installation of sanitary sewer and by doing all other work necessary in connection therewith; and WHEREAS, said Resolution was duly published in the Port Angeles 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, the County Health Officer has advised, and the City Council finds, the said improvements are necessary for the protection of the public health, safety and welfare; and WHEREAS, said hearing was held on April 1, 1986, as provided in said notice, and after consideration of said improve- ments, 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 installing sanitary sewer and by doing all work required in connection with said improvements, all as set forth in preliminary plans therefor, prepared by the -1- Engineering Division 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 Im- provement District of the City to be known as "Local Improvement District No. 207 ", which shall include all of the property described in Exhibit "A ". Section 3. One hundred percent (100 %) of the entire cost of the improvements, less $5,500 of City engineering costs, shall be borne by and assessed against the property within Local Improvement District No. 207 specifically benefitted by said improvements. Section 4. There is hereby created a fund of the City to be known as "Local Improvement District No. 207 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, firm or corporation or to such other Funds of the City as may hereafter be provided by Resolu- tion of the City Council and in the manner provided by such Resolution to furnish moneys for the payment of the costs inci- dental 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, install- ment notes of said Local Improvement District bearing interest at -2- a rate of not to exceed the maximum rate permitted by law and payable at such time or times as are hereafter fixed by Ordi- nance, shall be issued for the redemption of the outstanding revenue warrants and shall be payable, both principal and inter- est, 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 become effective in the manner provided by law. PASSED by the City Council of the City of Port Angeles at a regular meeting of said Council held on the 6th day of May, 1986. M A Y ATTEST: 1 14�I AG. •11 !*J1 �fiI` S erri L. An.erson Acting City Clerk APPROV$D AS TO FORM: Craig D. 1-t.— Attorney PUBLISHED: Mat.) 23 1RSSCo