HomeMy WebLinkAbout2506ORDINANCE NO. 2506
AN ORDINANCE of the City of Port Angeles,
Washington, providing for the improvement
of a certain area within the City by
doing street improvement and by doing all
other work necessary in connection there-
with, creating a Local Improvement District
therefor, Sixth Street LID No. 212, and
providing for the payment of the cost of
said improvements by special assessments
upon the property in said district.
WHEREAS, on August 16, 1988, the City Council of the
ity of Port Angeles, Washington, adopted its Resolution No.
4 -88, declaring its intention to order the improvement of a
ertain area within the City at the street known as Sixth Street,
y doing street improvement, and by doing all other work
ecessary in connection therewith; and
WHEREAS, said Resolution was duly published in the Port
n•eles Dail News in the manner required by law and notice of a
ublic hearing was also duly given by mailing as required by law;
and
WHEREAS, said hearing was held on September 6, 1988, 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 doing grading, draining, paving,
installing curb and gutter, and by doing all work required in
connection with said improvements, all as set forth in
preliminary plans therefor, prepared by the Engineering Division
of the Department of Public Works, and now on file with the City.
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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 Improve-
ment District No. 212 ", 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. 212 specifically
benefitted by said improvements.
Section 4. There is hereby created a fund of the City
to be known as "Local Improvement District No. 212 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 corporations, 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, install-
ment notes of said Local Improvement District, bearing interest
at a rate of not to exceed the maximum rate permitted by law, and
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ayable 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 6th day of
September, 1988.
ATTEST:
CITY OF PORT ANGELES, WASHINGTON
BY:
M A Y O R
Michelle M. Maike, City Clerk
APPRO AS TO FORM:
Craig D3Cnutson, City Attorney
PUBLISHED: September 9, 1988
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EXHIBIT "A"
Paving of Sixth Street L.I.D. #212
District Boundary
All of Lots 9 -15 and Lot 18 of Block G TOGETHER WITH Lots 1 -7 of Block 4;
all in the Plat Alteration of Cresthaven recorded in Volume 9 of Plats, Pages 37
and 38, Records of Clallam County, Washington.