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HomeMy WebLinkAboutORD 5553CITY OF RENTON, WASHINGTON ORDINANCE NO. 5553 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, ESTABLISHING A SPECIAL ASSESSMENT DISTRICT FOR SANITARY SEWER SERVICE FOR PROPERTIES ADJACENT TO 126th AVENUE SE AND ESTABLISHING THE AMOUNT OF THE CHARGE UPON CONNECTION TO THE FACILITIES. THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DOES ORDAIN AS FOLLOWS: SECTION I. There is hereby created a Sanitary Sewer Service Special Assessment District for the area served by the 126th Avenue SE Sanitary Sewer Extension project in the north portion of the City of Renton and within King County, which area is more particularly described in Exhibit "A" attached hereto. A map ofthe service area is attached as Exhibit "B". The recording of this document is to provide notification of potential connection and interest charges. While this connection charge may be paid at any time, the City does not require payment until such time as the parcel is connected to and, thus, benefiting from the sewer facilities. The property may be sold or in any other way change hands without triggering the requirement, by the City, of payment ofthe charges associated with this district. SECTION II. Persons connecting to the sanitary sewer facilities in this Special Assessment District, and which properties have not been charged or assessed with all costs of the 126th Avenue SE Sanitary Sewer Extension project as detailed in this ordinance, shall pay, in addition to the payment of the connection permit fee and in addition to the system development charge, the following additional fee: ORDINANCE NO. 5553 Per Unit Charge. New connections of residential units shall pay a fee of $8,686.39 per dwelling unit. SECTION III. In addition to the aforestated charges, there shall be a charge of 1.33% per annum added to the Special Assessment District charge. The interest charge shall accrue for no more than ten (10) years from the date this ordinance becomes effective. Interest charges will be simple interest and not compound interest. SECTION IV. This ordinance is effective upon its passage, approval and thirty (30) days after publication. PASSED BY THE CITY COUNCIL this 4th day of October , 2010. Bonnie I. Walton, City Clerk APPROVED BY THE MAYOR this 4th day of October / 2010. /PJ,JL<^ ,J4(,, Denis Law, Mayor Approved as to form: Lawrence J. Warren, City Attorney Date of Publication: 10/8/2010 (summary) ORD.1662:9/9/10:scr ORDINANCE NO. 5553 EXHIBIT A 126TH AVENUE SE SANITARY SEWER EXTENSION SPECIAL ASSESSMENT DISTRICT LEGAL DESCRIPTION Lots 1 - 10 in Block 2, Lots 1 - 8 in Block 5 and all of Blocks 3 and 4 in Albert Balch's Sierra Heights No. 4, as recorded in Volume 61 of Plats, pages 18-19, Records of King County, Washington; TOGETHER WITH the 100 foot wide Puget Sound Power & Light Transmission Line Right of Way lying within the boundary of said plat; All situate in the Southwest quarter of the Northeast quarter of Section 4, Township 23 North, Range 5 East, W.M. in the City of Renton, King County, Washington. 1 of 1 09/01/2010 2:49:00 PM ORDINANCE NO. 5553 EXHIBIT B 126th AVENUE SE SANITARY SEWER SPECIAL ASSESSMENT DISTRICT