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Home My WebLink AboutORD 2905 �, , , t � ' -�, � • ', ._ :�' , V . , . , .. . . ORDINANCE I30. 2905 AN ORDINANCE OF THE CITY OF .RENTON, WASHINGTON, ORDERING THE CONSTRUCTION AND INSTALLATION OF SANITARY SEWERS AND TRUNK LINES AND APPURTENANCES THERETO IN THE VICINITY OF EASTWOOD PARK AREA, RENTON, KING COUNTY, WASHINGTON, ALL IN ACCORD- ANCE WITH RESOLUTION N0. 1945 OF TAE CITY COUNCIL ' OF THE CITY OF RENTON, WASHINGTON; ESTABLISHING , LOCAL IMPROVEMENT DISTRICT NO. 292 PROVIDING THE METHOD OF ASSESSMENT IN SAID DISTRICT; PROVIDING THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECYAL i ASSESSMENTS UPON PROPERTY IN SAID DISTRICT, PAYABLE BY THE MG�E OF "PAYMENT OF BONDS" , OR "NOTES" IN LIEU THEREOF AS DETERMINED BY THE CITY COUNCIL; PROVIDING FOR THE ISSUANCE AND SALE OF LO�AL IMPROVEMENT DISTRICT WARRANTS REDEEMABLE IN CASH AND LOCAL IMPROVEMENT DISTRICT BONDS OR NOTES. WHEREAS by Resolution No. 1945 passed and approved on , November 25, 1974 , the City Council of the City of Renton declared its intention to construct and install certain sanitary sewer lines and <aPpurtenan�es � within certain territory in the vicinity of the Eastwood Park area as hereinafter more particularly described, and fixed the 23 day of December , 1974 in the City Council Chambers in the Municipal Building, Renton, Washington, as the time and place for hearing all matters relating to said improvements and all � objections thereto and for determining the method of payment for said improvements, and WHEREAS the Director of Public Works has caused an esti- mate to be made of the cost and expense of the proposed improve- ment and has certified said estimate to the City Council, to- gether with all papers, data, and information in his possession relating to the proposed improvement, description of the boundaries I of the District, a statement of what portion of the cost and expense should be borne by the properties within the proposed District, a statement in detail of the Local Improvement assess- ment outstanding or unpaid against the property in the proposed District, and a statement of the aggregate actual valuation of the real estate, including 25% of the actual valuation of the - Z - � , ' ' � ' � � �'� : • ' � � improvements in the proposed District, according to the valua- � � tion last placed upon it for the purpose of general taxation; and WHEREAS said estimate is accompanied by a diagram of the , proposed improvement showing thereon the lots, tracts, parcels of land, and other property which will be specially benefited by the proposed improvement, and the estimated amount of the cost and expense thereof to be borne by each lot, tract and parcel of land or ather property within said District; and WHEREAS due notice of the hearing upon said Resolution Noe 1945 was given �n the manner provided by law, and said hearing was duly held by the City Cauncil at its regular meeting on December 23 , 1974at the hour of 8 :00 P.M. and the following protests having been fiied and duly considered, to-wit: Name of Protestant Address NONE I and said total protests not exceeding NONE � percent of the total cost bearing owners within said District; and WHEREAS at said hearing the City Council has given due consideration to the special benefits to be received from such proposed improvement by all of the properties to be included within the proposed Local Improvement District; and WHEREAS the City Council deems it in the best interest of the City and of the owners of the progerty within the proposed Local Improvement District that said improvement as hereinafter described be carried out, and that a Local Improvement District be created in connection therewith; NOW THEREFORE - 2 - _ _ __ G . � ' , , , , o � . , BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF `�HE ' CITY OF RENTON, WA�aHINGTON, AS FOLLOWS: SECTSON I: The fcallowing sanitary sewer lines and appurtenances there�o shall be constructed and instal].ed in the vicinity of �h� Eastwaod Park area , Renton, King County, Washington, as more garticularly described hereinbelow, to-wit: See attached exhibit '�A�� Which is attached hereto and made a part hereof as if fu11y set forth. I and there shall be included in the toregoing the acquisition and I � instal3ation g� all necessary pipe, manhales, valves, fittingsp ! couplings, cannection equipment arid appurtenances, together with I the acquisition of any easeznents , rights of way and land that may be required; and there shall be included the performance of suc� work as may be incidental and necessary to the foregoing construc- i tion and installation. The City Council may modify the details af the foregoing I described improvement where, in its judgment, it appears advisable, ipro�r�.��c� ��:�� <:��ciw.:i.�.::at�.ca�s u� rxc��. �u�s�a:��ia�ly alter th� �1an i o� sai� �:�Nr�zv��r��:�. A�:i c� �iie i:c�re�u:^� :h�ll b� in acao�dance with the plans and specification therefor to be prepared by the� Director o£ Public Works. I SECTTON II: There is hereby established and created a � Local Impravement District to be called °Local Improvement District j No. 292 of the City of Renton, Washington" , the boundaries of ' such Local Improvement �istrict being described as follows : See Exhibit "B" a�Ctached hereto and made a part hereaf as if fully set forth. � I _ 3 _ _ � ' , J . � � > • , ' • . , SECTION III: The esti.mated cost and expense of ssid � ' , improvement is hereby declared to be approximately $ 29, 954. 83 . The entire cost and expense of said improvement, incZuding the ' , co�t and expense of all engine�ring, legal, inspection, adver- tising, publication of notices and �ther expenses incidental thereto, shall be borne by and assessed against the property specially benefite� by such improvement included in the Lacal Improvement District No. 292 established, embracing, as near a� may be, all proper'�y specially �aerLefi��d by such improvement. , SECTION IV: The nature of the imgrovement provided for � herein is such that the special benefits conferred upon the property are fairly reflected by the use of the statutory termini and zone method of assessment, and it is hereby provided and ordered that the assessment shall be made against the prop- erty of the District in accordance with said methods. All property included within the limits of the Local Improvement District above created shall be considered to be the property specially benefited by such Local Improvement 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 improve- ment herein ordered. Such warrants shall be payable out of said "Local Improvement Fund, District No. 292 " , to bear interest from the date thereof at a rate to be fixed hereafter, but not to exceed 9 $ per annum and to be redeemed in cash, and/or by Local Irn�rovement District bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred to as "revenue warrants" . Such bonds shall bear interest at a rate to be hereafter fixed but not exceeding g � per annum; shall be payable on or before 12 years from the date of issuance, the life of the improvement ordered being not less than twelve years, and shall be iss�ed in exchange for and in - 4 - ' , J , � , . , • • . , .: • , . : , . t • redemption of any and all revenue warrants issued hereunder a�d • not redeemed in cash within a period not to exceed sixty days after the first publication by the Director of Finance of notice that the assessment roll for Local Improvement District No. 292 is in his hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the groperty within said District, payable in 10 equal � instal].ments, with interest at a rate to be fixed hereafter but not exceeding 9 $ per annum, and a penalty of lo � which shall also be collected. The exact form, amount, date, interest rate and denomination of said warrants and bonds shall be here- after fixed by Ordinance of the City Councilo SECTION VI: A.11 the work necessary to be dane in connec- tion with the making of said improvements shall be done by and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work authorized pursuant to this Ordinance shall include a statement that payment for said work will be �ade in cash warrants drawn upon the '"Local Improvement Fund, District No. 292 " . / SECTION VII: There is hereby created and established in the Finance Director' s Office of the City of Renton, for Local Improvement District No. 2g2 , a special fund to be known and designated as "Local Improvement Fund, District No. 292 " , into which fund shall be deposited the praceeds from the sale of reve- nue warrants drawn against said fund which may be issued and sold by the City and collections pertaining to assessment, and against which fund shall be a.ssued cash warrants for the contractor or contraetors in payment for the work to be done by them in connec- tion with said improvement, and against which fund cash warrants I � shall be issued in payment of all other items of expense in connec- �� tion with said improvement. I - 5 - ; ' , , . . , ' • . . .. , . . , , . • � r ` � Public Works Director , SECTION VIII : The �,r.;as,x.u�x��x��X�x��t i� hereb�r authorized and directed to caZl for bids , in �he manner provided by lawr for the construction a:�d installation of the improvements authorized herein. SECTION IX: The City reserves the right to is�ue, i� lieu of .bonds and warrants in payment of the cost and expense of the aforesaid Local Improvemerit. District, installment note or notes payable out of the Local Improvement District Fund, pur- suant to RCW 35. 45.i50, whenever such n�te or notes are sold exclusiveiy to another fund of the City as an investment thereof, and as further provided by law. Such installment nate or notes may be �.ssued any time after a thirty-day period allowed by law ror the payanent of assessments of said District without penalty or interest, and stych note or notes may be of any denom�nation or denominations , the aggregate of which shail rep�e�erz� the balance of the cost and expense of the Local Improvement District which is to be borne by the pr:�perty owners therein, and d�.s further provided by law. PASSED BY THE CITY COUNCIL this 13th day of January ,1975 . �I• ///..�E%�. Delores A. Mead, �City Clerk APPROVED BY THE MAYOR this i �trday of January ,1975 . � �,/%� A �.,i�,��=f ery Gar�e'tt, M�'yor Approved as to form: " '`� � �H��s, Ger'ard M. Shellan, City Attorney Date of Publication: 1�17-75 - 6 - ... ''.` �. �' : ' , , �, , . �,, _ _ - � �. . EASTWOOD PARK SANITARY 5EWER L.I.D. � EXHIBIT "A" All that portion of the Plat of Eastwood Park, consisting of 19 Iots, as recorded in Volume 86 of Plats, Page 40, Records of King County ' = Washington lying easterly of the easterly right-of-way margin of Anacortes Ave. N.E. , westerly of the Westerly right-of--way margin of Duvall Ave. N.E. (138th Ave. N.E.) ancl adjacent to the north and south right-of-way margins of N.E. 23rd Street. � _ As situated within the N4,� 1/4 of Sec. 3, Twp. 23 N. , Rng. 5 E. , W.M. City of Renton. � �,. . a . � � ._ _ , , � . . _ s' '.� . �M _ . •. ..- ..... _ •1 `* ' .��' `' �' • � �.. ' Y • }. ' , I � ��' • . EASTWOOD PARK SANITARY SE��7ER L.I.D. EXHIBIT "B" , Size Pipe In �From � To �I 8" Conc. 138th Ave. 5.E. Exist. MH in N. 138th Proposed Lift _ . , . Ave., S.E. Station S.W. Corner 138th Ave. S.W. and - - N.E . 23rd 5t. I ;• 4" Plastic N.E. 23rd St. Proposed Lift Station Exi.sting Manhole Force Main in Anacortes Ave. N.E. - 7�� Location Sewage Lift Station 5.�1. Corner 138th Ave. 5.W. and � N.E. 23rd St. Alternate Item Location � 4" Conc. 5ide Sewers Individual Properties � - - " -- , - �'_', � • _ _�_ _