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HomeMy WebLinkAboutORD 1801S A. — —. e 1. J ORDINANCE N0. / d G AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, PROVIDING FOR THE CONSTRUCTION AND INSTALLATION OF A SANITARY SEWER SYSTEM ALONG THE WEST SIDE OF RAINIER AVENUE AND EXTENDING FROM SUNSET BOULEVARD, SOUTHTO THE PACIFIC COAST RAILROAD WITHIN THE CITY OF RENTON,; CREATING A LOCAL IMPROVEMENT DISTRICT THEREE'CR; PROVIDING THAT PAYMENT FOR SUCH SANITARY SEWER SYSTEM BE MADE BY SPECIAL ASSESS- MENTS UPON PROPERTY IN SAID DISTRICT, PAYABLE BY THE EDDE OF "PAY- MENT OF BONDS"; CALLING FOR BIDS FOR THE PURCHASE OF LOCAL IMPROVE- MENT DISTRICT WARRANTS TO BE ISSUED IN CONNECTION THEREWITH; AND AUTHORIZING THE CALL FOR BIDS FOR THE CONSTRUCTION WORK. WHEREAS a Petition has been duly presented to the City Council of the City of Rentonacdt:ldd with the City Clerk and City Engineer petitioning for the improvement of the area herein below described, to -wit; the construction of a sanitary sewer system, manholes and all accessories and work incidental to the construction and installation of the sanitary sewer system in the below described area within the City of Renton, and also setting forth the nature and territorial extent of such proposed improvement, togetb2r with all incidental work that may be necessary in connection therewith, stating that the mode of payment be by assessments against the property benefited, the cost to be based on the front foot method of pay- ment; stating the fact that the signers thereof are the owners of said property in said described territory as set out and described in said petition; all said area and territory being situated within the City of Renton, King County, Washington, and the signers of said petition being the owners according to the records in the office of the County Auditor of property to an aggregate amount of the majority of the lineal frontage on the improvement to be made and of the area within the assessment district to be created therefor; and the City Engineer and the City Council having ascertained that the facts set forth in the said petition are true and having caused an estimate of the cost and expanse of such improvements to be made, transmitted to, and filed with the City Council of the City of Renton, together with all papers and information in possession of said officers touching on such improvement, with the estimated cost thereof, and their recommendations therefor, together with the description of the boundaries of the proposed district and preliminary estimated assessment roll and state - went of proportion and amount of the cost and expense of such improvement which shall be borne by the properties within the proposed assessment district, and a statement of the aggregate assessed valuation of the real estate,'including twenty five percent (25%) of the actual valuation of the imprc7ements thereon, within the district, A according to the valuation last placed upon it for the purpose of general taxation; and the City Engineer having further filed with the City Council of the City of Renton a diagram showing thereon the lots, common tracts and parcels of land and other pro- perty 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, or parcel of land or other property; and it having been determined that said petitiop. is -sigried by :the owners of more than fifty percent (50%) of the lineal frontage upon the improvement to be made and more than fifty percent (50%) of the area within the limits of the proposed improvement district, and that the cost and expense of the proposed improve- ment, and the assessments which may be assessed against the property within such improvement district will not exceed the assessed valuation of the real estate, together with twenty five percent (25%) of the actual valuation of the improvements thereon; and WHEREAS the City Council pursuant to said petition caused a hearing to be held thereon on the 6th day of October, 1959, after notice thereof having been given to all the property owners affected and there being no protest or objection to such local improvement district or the proposed improvement, NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON AS FOLLOWS: SECTION Is Pursuant to the petition heretofore submitted and filed with the City Council of the City of Renton for the creation of a local improvement district and the construction of a certain sanitary sewer system and a hearing having been duly and regularly held on the 6th day of October, 1959, after notice thereof having been given in the manner provided by law, and publication thereof in the Cityfs legal newspaper, it is hereby ordered that the following system of sanitary sewers be im- mediately constructed and installed, together with all necessary manholes, accessories, and equipment appropriate thereto and all other work incidental thereto, to wit: Description of Sanitary Sewer An 8 inch lateral line starting at a point 240 feet north of the north line of the Pacific Coast Railroad and 186.31 feet west of the west line of Rainier Avenue and extending northwesterly parallel to Rainier Avenue a dis- tance of 835 feet. An electric motor driven sewage pump station having a discharge capacity of 400 gallons per minute located at the effluent end of the 8 inch lateral sewer line, Together with a 6 inch pump line starting at the discharge side of the sewage pump station; thence along a line which bears North 140 OV East a distance of 210 feet; thence along a line which bears North 60o0O'East a distance of 140 feet to the existing trunk sewer manhole. all in accordance with the plans prepared by the City Engineer and on file in his office and in the office of the City Clerk. SECTION II: It has been determined and established by the City Council that the costs and expenses of the proposed improvement and the assessment which may be assessed against the property within such improvement district will not exceed the assessed valuation of the real estate, together with twenty five percent (25%) of the actual valuation of the improvements located therein; it has further been deter- mined that the cost and expense of said improvement, including all necessary incid- ental expenses thereof, shall be borne by and assessed against the property included in the assessment district hereinafter created, in accordance with law, and the City of Renton shall not be liable in any manner for any portion of the cost and expense of such improvements SECTION III: It is hereby established that the local improvement district shall be called "Local Improvement District No. 245", which district includes all the pro- perty within the following described area, all within the City Limits of the City of Renton, Washington, to -wit: Description of District That portion of the Henry H. Tobin Donation Claim No. 37 west of Rainier Avenue, and that portion of Government Lot 16 west of Rainier Avenue and north of the Pacific Coast Railroad; all in Section 18, Town. ship 23 North, Range 5 E.W.M, SECTION IV: All property included within the limits of the Local Improvement District above created shall be considered to be the property specially benefited by the local improvement and shall be the property to be assessed to pay the cost and expense thereof. The nature of the improvement is such that the special benefits conferred on the property is not properly and fairly reflected by the use of the zone and termini method of assessment, and it is hereby provided and ordered that the assessment shall be on the basis of the front foot method of payment, and in accordance with the special benefits received._ SECTION V: There are hereby created and established in the office of the City Treasurer of the City of Renton for Local Improvement District No. 245 the following funds, to -wit: (a) "Local Improvement Fund, District Nos 245" into which Fund shall be deposited all payments made upon assessments in said District for the redemption of the warrants and bonds herein authorized; and (b) "Construction Fund", into which fund shall be deposited the amount received from the sale of the Local Improvement District Warrants of the District herein authorized to be issued and sold, and against which -34% r _ r• Fund warrants shall be issued to the contractor or contractors in payment of the work to be done by them in connection with said im- provements and against which Fund warrants shall be issued in payment of all other items of expense in connection with said improvements. SECTION VI: Local Improvement District Warrants shall be issued from time to time, in such amounts as the City may determine, to obtain the fund with which to. pay the cost and expense of the improvement, Such Warrants shall be payable out.of said "Local Improvement Fund, District No. 245", and shall bear interest from date hereof at a rate not to exceed six percent (6%) per annum, all Warrants to bear the; same rate of interest, and shall be redeemed either in cash or by local improvement district bonds herein authorized to be issued. Bonds bearing interest at the same rate as said warrants and payable on or before twelve (12) years from the date of issuance shall be issued in exchange for and in redemption of any and all warrants drawn on the "Local Improvement Fund, District No. 245", and issued hereunder not redeemed in cash within a period of not to exceed sixty (60) days after the first publication of Notice of Collection of assessments by the City Treasurer. Said bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District payable in ten (10) equal annual installments with interest at a rate not to exceed six percent (6%) per annum and not less than the said bonds shall bear, under the mode of "Payment by Bonds" as defined by.7aw and the Ordinances of the City of Renton. The exact amount, form, date, interest' ate and denomination of said warrants and bonds and the interest rate on said special assessments shall be fixed hereafter by Ordinance of the City 'Council of the City of Renton. SECTION VII: The City Treasurer of the City of Renton ip hereby directed to cause to be published in the Renton Chronicle of the City of -Renton and in the Daily Journal of Commerce of the City of Seattle, in both of their respective issues of October, 1959 and November 1959, a Notice of Warrant Sale calling for sealed bids for the purchase of said Local Improvement District Warrants, redeemable in cash and bonds as herein provided, to be received by the City Treasurer at her office in the City Hall, Renton, Washington, until 8100 P.M. on the j,2 day of November, 1959, at which time all bids received will be publicly opened by said treasurer and the City Council. The bids submitted shall specify either (a) the Lowest rate of interest and premium, if any, above par at which said bidder will purchase said warrants; or (b) the lowest rate of interest at which the bidder will purchase said warrants at par. The City reserves the right to reject any and all bids --4- submitted. The City will furnish the warrants and the bonds issued in redemption thereof, without cost to the purchaser. SECTION VIII: The City Engineer of the City of Renton is hereby authorized and directed to call for bids, in the manner provided by law, for the construction and installation of the improvements authorized herein, and said call for bids shall include a statement that payment for said construction and installation will be made in cash warrants drawn upon the "Construction Fund" of Local Improvement District No. 245 of the City of Renton. Lc) PASSED BY THE CITY COUNCIL this day of Octob r, 1959. l� APPROVED BY THE MAYOR this day of October, 1959. -5-