HomeMy WebLinkAboutORD 2409 � ♦ � • nxl+�
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ORDINANCE NQ, q�7"0;�
AN ORDiI�'ANCE OF THE CITY OF RENTON, L•]aSHIDi,TOR, ORDER;1� T't��ONSTRUCTIOA
t,'� II�ST1�LIt�TZC:d OF CER?1�1IN St�NITARY SEi�lER LINES ni�'D �1PPURTEI�T�IP�CES THERETO
� IN THE HON�Y CR��K PARK ARF.�1, REhTON, KIhG COUNTY, W�ISHINGTON� .�LL IN
ACCORDANCE �•JITH RESOLUTION N0, 1535 OF THE CI'IY COUNCIL OF � CITY �'
RENTON, !���'�SHINGTOi�; ESTABLISHING LOCAL IMPROVEMENT DISTRICT N0. 259,
PROVIDING THE METHOD OF ASSESSMENT IN SAID DISTRICT; PRaVIDIn'G TfiAT
PAYMENT FOR SAID IMPROVEMENT BE NSADE BY SP�CIAL ASSESSMENTS UPQN PROPERZY
IN SAID DISTRICT, PAYABLE BY THE MODE OF "PAYMENT OF BONDS", OR "NOT�S"
IN LIEU THEREOF AS DETERMINED BY THE CITY COUNCIL; AN!? PRdVIDIA� FOR THE .
ISSUAn�CE AND SElI.� OF LQCAL IMPROVENIENT DISTRICT ��JARRE�NTS REDEEMEIBLE IN C�SH�'
AND LOCAI, Il�4PROVEMENT DISTRICT BONDS OR NOTES. ,
WHEREAS by Resolution No. 1535 adopted April 22, 1968, the City Couacil of the
City of Renton declared its intentfon to construct and install certain sanitary sewer
lines, together with appurtenances thereto, within certain territory in the gonsy C3�eek Pazk
aree es hereinafter more particularly described, and f£xed the 20th day of May, 1968
in the City Coancil Chambers in the City Hall, Rentan, Washington, as the tima and place
for hearing all matters relating to said proposed improvements and 811 ob�ections
thereto and f or de termining the method of paqment f or se id improve�aents, and
WHERFAS Jacic Wilson, City Engineer, has caused aa esti.mate to be mede of the
cost ar►d expense af the proposed improvement and h�s certified said estimate to the
City CoUncil, together with all papers, data, and information in his possession relating
to the proposed improvement, description of the boundaries of the District, a statement
of what portion of the cost and expense shou].d be borne by the properties within the
proposed District, a statement in detail of the Local Imgrovecuent sssessment outstanding
or unpaid egainst the property in the proposed District, and a statement o£ the aggregate
actual valuation of the real eatate, including 25� of the actual valuatfon of the
improvements in the proposed District, according to the valttation 2est placed upon it for
the parpose of general taxation; and
WHEREAS said estimete is accompanied by a diagram of the proposed improvement
showing thereon the lots, tracts, parcels of land, and other property whieh will be
specially bene€ified by the propased improvemeat, and the estimated amount of the cost
.an8 expense thereof to be borne by each Iot, tract and percel of land or other property
within said District; and
�dHER�AS due notice of the he�ring upon said Resolntion No. 1535 w�s given in
the manner provided by law, ar�d said hearing was duly held by the City Council at its
regular meeti.ng on May 20, 1968, at the hour of 8:00 p.m. and 831� p'raLssts h�ving been
du2y�,considered�:at� �sai.d tthee�ing sad same not exceeding 8.82%of the total cost be�ring
owners within said District, and
WHEREAS at said hearing the City Council has given due consider$tion to the
speci,al benefits to be received from such proposed improvement bq all of the properties �'
to be included within the proposed 2oca1 improvement district; attd
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, � WHEREAS the City Council deems it in the best interest� of the City and o£ the '
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owner� of the property within the propo.,ed Local Improvement Di.t i t that ..ai improv
ment as hereinaft+�� deQ�cribed be carried out, and that a Loea1 Improvement District be
created in connection therewith; NOW THEREFORE
BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCZL OF THE CITY OF RENTON,
WASHINGTON, AS �`OLLOWS:
SECTIflN I : The following sanitary sewer line�, including trunk line�, shall be
'I constructed and installed in 'the Honey Creek Park Area of the City of Renton, a� follows:
Approx. Pipe Size On From To
8" Concrete "M" Street Sunset Blvd. E. Honey Creek Dr.
8' Concrete Honey Creek Dr. '�M" Street 14th North
8'� Concrete 14th North Honey Creek Dr. Easterly 754'
8'� Concrete Easement Blk. 1 Honey Creek
Park between Lot 9 & 10
8'` Concrete Easement Between Lot 7-8 Blk. 2 Honey Creek Park
8t� Concrete Easement Over Lots 8-9,
10 & 11 Blk. 1
and there shall be included in the foregoing the acquisition and installation of all
nece�sary pipe, manholes, valve�, fittings, couplings, connection equipment and appur-
tenances, together with the acquisition of any easements, rights of way and land that
may be required; and there shall be included the performance of such work as may be
incidental and necessary to the foregoing construction and installation.
The City Council may modify the details of the foregoing described improvement
where, in it� judgment, it appears advisable, provided such modifications do not sub�tan-
tially alter the plan of said improvement. All of the foregoing �hall be in accordance
with the plans and specifications therefor to be prepared by the City Engineer.
SECTiON II: There is hereby establiGhed and created a Local Improvement Distric�
to be called "Local Improvement District No. 259 of the City of Renton, Washington", the
boundaries of such Local Improvement District being described as follows:
All those portions of Honey Creek Park, recorded in V a 1, 59 of
plat�, page 57, records of King County, Washington and of the
Southwest One-Quarter of the Southeast One-Quarter of Section 4,
Township 23 North, Range S East, W.M. , de�cribed as follows:
All Honey Creek Park according to the Plat recorded in Voi. 59
of Plats, Page 57, records of King County,Wa�hington; less the
proposed Park Site; LESS those portions of Lot� 5 & 6, Block l,
lying easterly of the fol]owing described line; beginning at a
point on the northerly line of said Lot 5, 14.48 feet we�terly
of the northeast corner thereof; thence southerly to a point on
the southerly line of �aid Lot 6, 19.83 feet ea�terly of the most
I westerly corner thereof; TOGETH£R with the east 444.32 feet of the
West 662.32 feet of the Southwest One-Quarter of the Southeast
One-Quarter of Section 4, Town�hip 23 North, Range 5 East, W.M. ;
lying northerly of Sunset Boulevard (SR 900) LESS the taest 34.32
,
feet thereof; lying southerly of the northerly 167.11 feet.
SECTION III : The e�timated cost and expense of �aid improvement is hereby
declared to be approximately $28,231.88. The entire cost and expense of said improve-
ment, including the cost and expense of all engineering, legal, inspection, advertising,
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publication of notices and other expenses incidetttal thereto, shall be borne by and
assessed against the property specially benef ited by such i.mprovement included in the
Lacal Improvement District established, embracing, as near as may be, all property
specially benef ited by such improvement.
SECTION IV; The nature of the improvement providec3 for here in is such that
the sgecial benefits conferred upon the property are fairly reflected by the use of
the statutorq termini and zone method of assessment, and it is hereby provided and ord-
ered that the assessment shall be arade against the property of the District in accordance
' with said method. All property included within the Iimits of the Local Improvement
District above created shall be considered to be the property specially benefited by
such Locsl Impr.ovement and shall be the property to be assessed to pay the cost and
expense thereof as hereinabove specified.
SECTION V: Local Improvement District warrants shall be issued in payment of
the cost and expense o£ the improvement herein ordered. Snch warrants shall be payahle
out of said "Local Improvement Fund, District No. 259" to bear interest from the date
thereof at a rate to be fixed hereafter but not to exceed 6%a per annum snd to be
redeemed in cash, and/or by Local Improvement Distriet bonds herein authorized to be
issued, said interest-bearing warrants to be hereaf ter referred to as "revenue warrants".
Such bonds shall bear interest at a rate to be hereafter fi.xed but not exceedi.ng 6% per
annum; shall be payab2e on or before twelve years from the date of issusnce, the Iife
of the improvement ordered being not less than twelve years, and shall be issued in
exchange f or and in redemption of any and all revenue warrants £ssued hereunder and not
redeemed in ca sh within a period not to exceed sixty days af ter the f irst publ ication
by the City Treasurer of notice that the assessment roli for Local Improvement District
' No. 259 is in his hands f or collection. The bonds shall be redeemed by the collection
of sgeci.al assessments to be levied and assessed upon the property within said District,
payable in ten equal annual installments, with interest at a rate to be f ixed herea£ter,
but not exceediag 6%a per annum, under the mode of "payment by bonds" or by "notes in
lieu thsreof"� as defined by law and the ordinances o€ the City of Renton. In case of
defau2t in the payment of any assesament, when the same shall become dne, there shall
' be added interest at a rate to be he reaf ter fixed but not to exceed 6%a per annum, and a
penalty of 6 % which shall also be collected. The exact f orm, amount, date, interest
rate and denomination of sai.d warrants and bonds shall be hereafter f ixed by Ordinance
of the City Council; howev�r, the City Council ma y, in lieu of the issuance of such
bonds issue installmeat notes payable out of the Local Improvement District Fund as ��,
provided by law, specisl refere�nce being made to RG�d 35.45.150. Said warrants and '
bonds, or notes in lieu of said bonds, shall be sold in such manner as the City Council
shall hereaf ter determine.
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SECTIOIV Vft A11 the work �ec�ss&ry �b �e done in Cottttection witih the making
o€ saidimprovements shall be done by and made by contract upoa eompetitive bids and the '
City shail have and reserves the right ta reject any and all bids. The call f or bids f or
work authorized pursuant to this Ordinance shall inelude a statement that payment f or said
work will be made in cash warrants drawn apon the "Loca1 Improvement Fund,District No.259':
SECTION VIIi There is hereby created and established in the office of the City
Treasurer of the City of Renton, f or Local Improvement District No. 259, a special fund
� to be known and designated as "Loca2 Improvement Fund, District No. 259" into which fund
shall be deposited the proceeds f rom the sale of revenue warrants drawe against said fund
which may be issued and sold by the City and collections perLaining to assessment, and
against which fund shall be issued cash warrants f or the contractor or contractors in
payment for the work to be done by them in connection with said improvement, and against
which fund cash warrants sha1Z be issued in payment of all other items of expense in
connection with said improvement.
SECTION VIII: The City Engineer is hereby authorized and directed to call for
bids, in the manner provided by law, f or the construction and insta22ation of the
improvements authorized herein.
S�CTION IX; The City reserves the right to issue, in lieu of bonds and warrants
in payment of the cost and expense of the afaresaid Local Improvement District installment
uc a te or
note or notes payable out of the Lxal Improvement District Fund whenever s h o
notes are sold exc2usively to another fund of the City as an investment thereof, and a�
further rovided b law. Such installment note or notes may be issued any tia�e af ter a
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thirty-day period allowed by Iaw f or the payment of assessments of said District without
penalty or interest, and such note or notes may be of any denomination or denominations,
the aggregate of which shall represent the balance of ttve cost and expense of the Local
' Improveaeent District which is to be borne by the property owners t�terein, and as further
provided by law.
3rcl. day of June, 196�3.
PASSED BY 'I�iE CITY COUNCIL this
d�'/�1C.O.�'.�.,�y.��
v�.�.�s�.�3�I�F
en rshall, Depa Ci+�* Cler ,
A PPROVED BY THE MAYOR this - ;11968.
, 3rd. day of �� '
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D'on�/ld W� Custer, Mayor '
Appxove to form: •
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Gerard M. Shellan, 'City Attorney �
Date of Publ ication:Gl�u�- � /9��
7
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