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HomeMy WebLinkAboutORD 3059 ��� - ',.�3. - µ;, - • _ � , . . CITY OF RENTON, WASHINGTON I ORDZNANCE N0. '3059 ' ' AN ORDINANCE OF THE CITY OF REN.TON, WASHINGTON, ORDERING THE CONSTRUCTION AND INSTALLATION OF SANITARY SEWERS AND_ TRUNK LINES AND APPURTENANCES THERETO IN TH� VICTNITY OF OLYMPIC VIEW ADDTTION SOUTH 0�' S. �7TH STREET, PORTION THEREOF BEING . WITHIN THE CITY. O�' RENTON AND PORTION THEREOF BEING OUTSIDE T�iE CITY LIMTTS OF THE CITY OF RENTON, WASHINGTON A�L��.-IN ACC�JRD.ANCE. WITH RESOLUTION NO.. 2056.�"PROVIDING THE METHOD OF ASSESSMENT IN SAZD DISTRICT; PROVTDING THAT k'AYMENT FOR SAZD IMPROVEMENT BE MADE BY SPECIAL ASSESSMENTS UPON PROPERTY IN SATD DISTRICT, PAYABLE BY THE MODE OF "PAYMENT OF' BONDS" , OR "NOTES" IN LZEU THEREO�' AS DETERMINED BY THE CZTY COUNCIL; PROVZDING FOR THE TSSUANCE AND SALE OF LOCAL ' IMPROVEMENT DZSTRI.CT WARRANTS REDEEMABLE TN CASH ', AND LOCAL IMPROVEMENT DISTRICT BONDS OR NOTES� CREATING L.I.D. 300 . WHEREAS by Resolution No. 2056 passed and approved on July 12 , 1976 , the City Council of the City of Renton declared ' its intention to construct and install certain sanitary sewer lines and � within certain territory in the vicinity of Olympic View Addition South o� S . 27th Str.eet as hereinafter more particularly described, and fixed the .9th day of August, 1976 , in the City Council Chambers in the Municipal Building, Renton, Washington, as the time and place �I for hearing all matters relating to said improvements and all ob- I', jections ther.eto and �or determining the method of paymerit for said � improvements , and WHEREAS the Director of Public Works has caused an estimate to be made of the cost and expense of the proposed improvements and has certified said estimate to. the City Council, together with ,.- - all papers, data, and information in his possession relating to � the proposed improvemerit, description of the boundaries of the � District, a statement o� what portion of the .cost and expense should ' be borne by the properties wi.thin the proposed� District, a statement in detail of the Local Tmprovement as"sessmerit outstanding or unpaid against the property in the proposed District, and a statement of the aggregate actual valuati.on of the real e.state, including 250 of th.e actual valuation of the: improvements in the proposed District, -1- I �t\• � , . ����� . � .. . � . , � according to the valu�.tion last placed upon it far the purpose of �eneral taxati.on; 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 speci,ally be.nef ited by the proposed improvement, and the estimated amount of th� cost � < and expense thereof to be borne by each lot, tract and parcel of land or other property within said District; and WHEREAS due noti.ce of the hearing upon said Resolution No. 2056 was given in the manner provi.ded by law, and said hearing was duly held by the City Council at its regular meeting on August 9, 1976 , at the hour of 8: 00 P.M. and the following protests having been filed and duly considered, to-wi"t: Narrie 'af Protestant � Address� Mr . & Mrs . Edison H . Bailey 10624 S . E . 165th St , Howard A. Christopherson 10644 S.E. 165th St, John Baskin 10638 S�E. 165th St. Monty and Marti Caul 10630 S.E. 165th St. , Gary Crabtree 10620 S.E. 165th St. Mr. & Mrs. R. 0. Boyker 10649 S.E. 165th St. David E. Heil , Chairman, Board of Trustees First Presbyterian Church of Renton 2640 Benson Road South and said total protests not exceeding 35.123% percen.t of the total cost bearing owners wi:thin said District; and I WHEREAS at said hearing the City Council has given due consideration to the special benefits to be received; from such I proposed improvement by all of the properti.es. to be included within the proposed Local Imprpvement District; and WHEREAS the City Council deems it in the .best interest of the City and of the owners of the property within the proposed -2- �,, .\��`~\\, �.• •• . � , ' . , , . t , Local Improvement Distr.ict that said improvemerit as hereinafter described be carried out, and that a Local Improvement District be created in connection therewith; NOW THEREFORE THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS FOLLOWS : SECT•ION I: Th.e following sanitary sewer lines and appurtenances thereto shall be constructed and installed in the vicinity of Olympic View Addition South of S. 27th Street, Renton, King County, Wash'ington, as more particularly described hereinbelow, to-wit: See Exhibit "A" attached her.eto and made a part hereof as if fully set forthl�rein (parcel l being portian located within th.e City Linits of City of Renton and �'arcel 2 being portion outside City Limit�) and there shall be included in the foregoing the acquisition and installation of all necessary pipe, manholes , valves, fittings , couplings , connection equipment and appurtenances, 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 inca.dental and necessary to the foregoing construction and installati.on. The City Council may modify the details of the foregoing descri.bed improvement where, in its judgment, it appears advisable, provided such modifications do not substantially alter the plan of said improvement. Al1 of the foregoing shall be in accordance with the plans and specifications therefor to be prepared by the Director of Public Works. " SECTIO�'� I�I�: .There is hereby established and created a Local Improvement District to be called T'Local Impr.ovem:erit District No. 300 of the City of Renton, Washington" , the boundaries of such -3- \�\ \\��\�\\\\\ • `y �• �� � " e , ' • Y � Local Improverrient Distri,ct being described as follows : See Exhi:bit "B" attached hereto and made a part hereof as �i.f fully set forth. �ECTTON TII : The estimated cost and expense of said improvement is hereby declared to be approximately ,$ 69 ,955.03 The entire cost and expense of said improvement, including the cost and expense of all engineering, legal, inspection, advertising, pub- lication of notices and other experises incidental thereto, shall be borne by and assessed against the property specially benefited by such improvemerit included in the Local Improvement District No. 300 established, erribr.acing, as near as may be, all property specially '' benef.ited by such improvement. SEC�TTON IV: The r�ature of the improvemerit provided for herein is such that the special beziefits conferred upon the property are fairly reflected by. the use of the statutory termini and zone , method of assessmerit, and it is hereby provided and ordered that the assessmerit shall be made against the property of the District in accordance with said methods . Al1 property included within the limits of the Local Improvement District above created shall be considered to be the property specially berief.ited by such Local Im- I provement and shall be the property to be assessed to pay the cost I and experise .thereof as hereinabove specified. SECT-TON V: Local Im roverrient District warrants shall I P be issued in payment of the cost and expense of the improvemerit herein ordered. Such warrants shall be payable out of said "Local Improvement .Fund, District No. 300" , to bear interest from the date thereof at a rate to be fixed her.eafter, but not to exceed g2o � per annum and to be redeemed in cash, and/or by Local Improvement District bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred to as "revenue warrants" . Such _y.- - \ . \.\�. �. ,�r� � i �- � • � � _ . . . . . t ' • bonds shall bear interest at a rate to be hereafter fixed but not exceeding 8Z o per annum; shall be payable on or before twelve (12) years fram the date of issuance, the life of the improvement ordered being not less than ten years , and shall be issued in exchange for and in redemption of any and all revenue warrants issued hereunder and 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. 300 is in her hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District, payab.le in ten (10) eqLal installments , with interest at a rate to be fixed hereafter but not exceeding 82 % per annum, and a penalty of 92o which shall also be collected. The exact form, amount, date, interest rate and denomination of said warrants and bonds shall be hereafter fixed by Ordinance of the City Council. SEGTION• VI: All the work necessary to be done in connection 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 bi:ds for work authorized pursuant to this Ordinance shall include a statement th.at payment �or said work will be made in cash warrants drawn upon the "Local Zmprovement Fund, District No. 300'� . � _ SECTTON VII: There is hereby created andsestablished in the Finance Director� s. Of�ice of the City of Renton, for Local , �mprovement District No. 300, a special fund to be known and designated as "Local Improvement .Pund, District No. 300" , into which fund shall be deposited the proceeds from the sale of revenue warrants drawn against said fund which may be issued and so.ld by. the City and collections pertaining to assessmerit, and agai,nst which .fund shall be issued -5- � \'^� ' ' � . ' . , I ., . � � � cash warrants for the contractor or contractors in payment for the I work to be done by them in connection with sa�d improvement, and against which fund cash warrants shall be issued in payment of all other items of expense in connection with said improvement. SECTION• VTII : The Public Works Director is hereby auth- orized and directed to call for bids , in the manner provided by law, for the construction and installation of the improvements authorized herein. SEC�TION IX: The City reserves the right to issue, in lieu of bonds and warrants in payment of the cost and expense of the aforesaid Local Improvement District, installment note or notes payable out of the Local Improvement District Fund, pursuant to RCW 35.45 .150 , whenever such note or nates are sold exclusively to another fund of the City as an investment thereof, and as further provided by law. Such installmerit note or notes may be issued any time after a thirty-day period allowed by law for the payment of assessments of said Distr-ict 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 the cost and expense of the Local Improvement District which is to be borne by the property owners therein, and as further provided by law. PASSED BY THE CITY COUNCIL this 23rd day of August, 1976 . �I .��;o� �Q. �''Jz�'a�_' � Delores �ead, C�ty Clerk APPROVED BY THE MAYOR th'is 24�,ta-� day of August, 1976 . - i�. �/ � •�;°'� �~� . . � i f �f���� �-- �'� +��i.�,4�9.'' �!-C'.�G'',�:�'�t2�fft ��. . . . � `Charle�JJ: D�l��urenta., Mayor App ed as to form• �� ��� . . . . . Ge�'ard M. Shellan, City Attorney Date of Publication: August 27, 1976 -__�� . _ � _ , • � • . � � PROPOSED OLYMPIC �IEW TERRACE L.I.D. EXHI$IT "A" Beginning at.a point which lies 3fl feet north of and N 88°12.'38" E a distance of 337.77 feet from the SW corner of �he I3E 1/4 of the NW 1/4 of Section 29, Twp. 23 N. , Rng. 5 �. , W.M. said point being the true poin� of beginning and designated herein as Pdint "A"; � Thence IJ Ol°42'40" E a distance. of 73.9.65 feett mhence N 88°3,7'20" W a dist�nce of 191.67 feet"to the �ly �W line of Sec. State Hwy. No. 5-C (Benson Road) ; Thence continuing PI 88°17'20" W across said Hwy. to the�Wly R/W Iine thereof; Thence S7.y along the Wly �tJ't� line of 5econdazy State Hwy. Na. 5-C (Benson Road? to an intersection with �Che W1.y extension of �he South iine of Lot 8, B1ock 1, Akers Farms No. 5 as recorded in Volume 4fl of Plats, page 27, records of King County, Washingtion; Thence Ely along the W3.y procluc�tion and the Sauth line of said Lot 8 to the SE � corner thereof; Thence NWIy alnng the �7.y line of said Lo� 8 to ari intersecti�n with the Wly produc�ion o£ the North EtJW line of SE 165�th 5treet; ' Thence E1y along the Wly extension and the Nly line of said SE 165th Street . to an intersec�ion with �Che W1y RjW line a£ 108th P,ve. S.E.; � Thence Nly a].ong the W1y RfW line of 'I08th Ave. S.E. extended to an irstersection with the North R/W m�rgin o� S. 27�h 5tree� tS•E• 164th Street) ; Thence Wly alonq the North R/W iine of S. 27th Str-eet (S.�. 164th Street) to Point "A" and the point of k�eginning. EXHI�iZT ,��•� ��e Size C1n From To , 8" Benson .Rnad Existing MH an Bexason Higlsw�y Manhole �#4. subdivis�c�n line between Olympic View Terrace a�i� Aker's �ax�tt► No, 5 8" Uti2ity Easeme�t Benscsn Highway 108th �venue S.E. ` MH +�4 , . 8" Benson Road MFt f�4 Sout3� property line lat #9, Akex',s Fazm #5 �- g"' Uti].ity �►seme�t Benson Road End of Fro.ject MH #5 i � � � � � . , kf -_ _ -'_ _ -__ -__-_ -_ --__ --_--_ _ -_ -1 ... -� -- -- - -�� - � _.... . . - '�='. � �� � ' PRQPOSEQ Q�.Y�I��IC !l1�1f� L. 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