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Home My WebLink AboutORD 2407 � �a ^ • • • � �, _ . �' ' ��G��,L. QRD�NANCE N0. � 'j�d � , AN ORDINANCE OF THE CITY 0�' REN'1'aN, t�AS�Y1�G'�'ON, bRDERtNG THE CONSTRUCTION AND INSTALLATION OF CERTAIN SANITARY SEt1ER LINES AND APPURTEP�ANCES THERETO IN THE KIIVNYDALE AREA, RENTON, KING COUNTY, GJA3i INGT'ON, ALL IN ACCORDANCE tJITH R�30LUTION IJO. I528 OF THE �ITY COUNCIL OF THE CITY OF RENTON, 4JASHINGTON; ESTABLISHING LOCAL Ii��PROVE- T�ENT DISTRICT N0. 258, PROVIDING TEiE c1ETEi0D OF ASSESSi�;ENT IN SAID DIST2ICT; PROVIDING THAT PAYh�►'ENT FOR SAID ITiPROVEi�.�ENT BE P��ADE BY SPECIAL ASSESSPrENTS UPON PROPE�2TY IIV SAID DIS'I'RICT, PAYABLE BY THE � MODE OF "PA�IENT BY BONDS", or NQTES IN LIEU THEREOF AS DETERY�iII�ED BY THE CI'TY COUNCIL; AND PROVIDING FOR TkiE ISSUANCE AND SALE OF LO�;AL IT-,PROVEhIENT DISTRICT YIARRANTS REDEII�IABLE IN CASH AND LOCAL IMPROVIItzENT DISTRICT BONDS OR NOTES. tJHEREAS by Resolution No. 1528 adopted t�iarch 25, 1968, the City Council of the City of Renton declared its intention to construct and install certain sanitary sewer lines, together with appurtenances thereto� within certain territory in the Itennydale area as hereinafter more particularly described, and fixed the 6th day o� Tiay, 1968, in the City Council Chambers in the City Hall, Renton, Washington, as the time and place for hearing all matters relating to said proposed i.mprovements and all objections thereto and f or determining the method of payment f or said improvements, and ' 6�1FIEREAS Jack �7ilson, City Engineer, has caused an estimate to be made o£ the cost and expense of the proposed improvement and has certified said estimate to the City Cpuncil, together with all papers, data, and information in his possession relating I� to the proposed improvement, description of the boundaries of the District, a statement . of what portion of the cost and expense should be borne by the properties withi.n the ~ prop�sed District, a statement in detail o€ the Local Improvement assessment outstanding or unpaid against the property in the proposed District, and a statement of the aggregate .;:.�ual valuatio� of the real estate, i.ncluding 25% of the actual valuation of the . i.nprovements in the proposed District, according to the vaZuation last glaced upon it f or the purpose of generai taxation; and WHEREAS said estimate is accompanied by a diagram of the proposed i.mprovement showing thereon the lots� tracts, parcels of land� and ather property which will be specially benefitted 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 other property within said District; and t•7HEREAS due notice of the hearing upon said Resolution No. 1528 was given in the manner provided by law, and said hearing ��as duly held by the City Council at its regular meeting on Ifay 6, 1968, at the hour of 8:00 P.c�. , and no written protests havi.ng �2en f iled with the City Counc il by that time, and 41HEREAS at said hearing the City Council has given due consideration to the special benefits to be received from such proposed improveaient by all of the properties to be ineiuded within the proposed local improvement district; and -1- � y , . , � ,, • t�dHE��AS the City Council deems it in the best interests of the City and of the uwners of the property within the proposed Local Improvement District that said i�prove-� ment as hereinafter described be carried out, and that a Local Improvement District be created in connection therewith; NOG] THEREFORE BE IT' ORDAINED BY TIiE PfIAYOR AND THL CITY COUNCIL OF THE CITY OF RENTON, G7ASHINGTON, AS FOLLO[�7S: SECTION I: The €ollowing sanitary sewer lines, including trunk 2ines, shall be constructed and installed in the ICennydale area of the City of Renton, as follows: APPRO�. PIP E SIZ� OP1 �ROT? TO 10" Lftke Wash. Blvd. SE 88th St. SE 90th St. 8" Lake Wash. Blvd. S� 90th St. 100'S.o€SE93rd St. $" SE 92nd St. Lake Wash. Blvd. 100th .�ve. SE 8" SE 91st P1. Lake L;Tash. Blvd, 100th Ave. SE 8" SE 91st St. Lake �aash. Blvd. 200th Ave. SE 8" SE 93rd St. Lake Wash. Blvd. 100th Ave. SE and there shall be included in the foregoing the acquisition and installation of all necessary pipe, manholes, valves, fittings, couplings, connection equipment and appur- tenances, together with the acquisition of any easecnents, 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 fore oin described im rovemenfi g g P where, in its judgment, it appears advisable, provided such modifications do not substan- tially alter the plan of said improvement. All of the foregoing shall be in accordance w't i h the lans and s ecifications therefor to be re r t r r ra e� tiy the City Engineer. SECTION II: There is hereby established and created a Local Improvement District to be called "Local Improvement District No. 258 of the City of Renton, ;Iashington", the boundaries of such Local Improvement District being described as follows: That area of the City of IZenton, I�ing County, b:7ashington, within the boundary of the following described line: , Beginning at the NE corner of the SE 1/4 of Section �l i Toumship 24 rI, . Range 5 E. , t��l.i�i. ; then�e S 0°50'13" t�l along the easterly line of said SE 1/4 1F356.3�' ; thence N 89°09'47" T�J �25.0' ; thence S 0°SO'13" t•7 36' ; thence N. $8°56' T�] to the easterly �argin of Lake T,Jashi.ngtnn Boulevard; thence Northeasterly along said easterly margin of Lake 6Jashington Boulevard to its intersection with the easterly line of the SE 1/4 of said Section 31; thence r] 0°50'13" E to the NE corner of the SE 1/4 of said Se=tion 31, the point of beginning. SECTION III: The estimated cost and expense of said improvement is hereby declared to be approximately � 54,42�.30 . The entire cost and expense of said unprove- ment, including the cost and expense of all engineering, legal, inspection, advertising� publication of notices and other expenses incidental thereto, shall be borne by and assessed against the property specially benefitted by such improvement included in the Local Improvement Distri�t established, er�bracing, as near as may be, all property specially benefitted by such improvement. `2� ► , . � � • .r ' � S�CTION IV: The nature of the improvement provided for herein is such that the �Y.:cial benefits conferred upon the property are fairly reflected by the use of the I statutory termini and zone method of assessment, and it is hereby provided and ardered that the assessment shall be raade against the property oi the District in accordance with said method. All property included within the limits of the Local Improvement District above created sha11 be considered to be the property specially benefitted by such Local I�provement and shall be the property to.b� assessed to pay the cost and erpense thereoi as hereinabove specified. SECTTON V: Local Improvement District caarrants shall be issued in payment of the cost and e:cpense of the iaprovement herein ordered. Such caarrants shall be payable out of said "Local Improvement Fund, District No. 258" to bear i.nterest from the date thereof at a rate to be fixed hereafter but not to exceed 6% per annuni and to be redeemed in cash, and/or by Locallmprovement 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 hereaf ter iixed but not exceeding 6% per annum; shall be payable on or before twelve years from the date of issuance, the iife of the improvement ordered being not less than tc,relve 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 City Treasurer of notice that the assessment roll for Local Improvement District No. 2S8 is in his hands for col2ection. The bonds shall be •zedeemed by the collection of special assessments to be Zevied and assessed upon the property within said District, payable in fien equal annual installments, with interest at a rate to be fixed hereafter� but not exceeding 6% per annum, under the mode of "payaient by bonds" or by "notes in lie� thereof", as defined by laca and the ordinan..es of the City of Renton. In case of default in the payment of any assessment, when the same shall become due, there shall be added interest at a rate to be hereafter fixed but not to exceed 6% per annum, and a penalty of 6 % whieh shall also be collected. The exact �orm, amount, date, interest rate and denomination oi said caarrants and bonds sha21 be hereafter f ixed by Ordinance of the City Council; however, the City Coun�il may� in lieu of the issuance of such bonds issue installment notes payable out of the Local Improvement District Fund as provided by law, special reference being made to RCG7 35.45.150. Said warrants and bonds, or notes in lieu of said bonds, shall be sold in such manner as the City �ouncil shall hereafter determine. ' SECTIOTI VI: All the work necessary to be done in connection with the matcing Iof said i.mprovemen�s shall be done by and made by cantract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for � -3- , • • w , � , . . , worlc authorized pursuant to this Ordinance shall include a statement that payment ior said j -•�r?c will be made in cash warrants drawn upon the "Local Improvement tund, District No. 253". S�CTIOI�T VII: _ There is hereby created and established in the office oi the City Treasurer of the �ity of i2enton, for Local Improvement District i�1o. 25�, a special fund -�o be lcnown and designated as "Local Improveruent Fund, District No. 258" into which fund sh�ll be deposited the proceeds frorn the sale of revenue warrants �drawn against said fund which may be issued and sold by the City and collections pertaining to assessment, and � against 4�hich fund shall be issued cash warrants for the con�tractor or contractors in payment for the caori; to be done by them in connection with said improver�ent, and against which fund cash warrants shall be issued in payrtent 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 �anner provided by laa�, for the construction and installation of the , improvements authorized herein. S�CTION IY: The City reserves the right �o issue, in lieu of bonds and warrants in payment of the cost and expense of the aforesaid Local Inprovement District installment note or notes payable out of the Local Improvement District rund tahenever such note or notes are sold exclusively to another fund of the City as an investment thereof� and as further rovided b law. Such installment note or notes ma be issued an time after a P Y Y Y thirty-day period allowed by lata £or the paymen� of assessr�ents of said District without penalty or interest, and such note or notes may be oi 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. tASSED BY 'TFiE CTTY COUTJCIL this � 7 �day of I•:ay, 1968. _ . `_r'��'��i�:.�-�s�___� Helmie P�elson, City Clerk APPROVED BY TH,� c�:.AYOR this � 7 � day of Iiay, 1968. ` �� . I�onald tJ. Custer, i�iayor Approved o f or�; , ,a � "'-T� � � Gerard BL 3hellan, City Attorney . �____ J1iNN � 1968 Date oi Publication: . ` -4- � - -- — _ _