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Home My WebLink AboutORD 3419 CITY OF RENTON, WASHINGTON ORDINANCE NO. 3419 AN ORDINANCE OF THE CITY OF RENTON, WASHINGTON, APPROVING AND CONFIRMING THE ASSESSMENTS AND ASSESSMENT ROLL OF LOCAL IMPROVEMENT DISTRICT NO. 307 FOR THE CONSTRUCTION AND INSTALLATION OF CURBS AND GUTTERS, ASPHALT PAVING, ALL UNDERGROUND UTILITIES, WATER, STORM, SANITARY SEWER, POWER TELEPHONE AND STREET ILLUMINATION, TOGETHER WITH ALL NECESSARY APPURTENANCES THERETO ON RAYMOND AVENUE S.W. RUNNING IN A SOUTHERLY DIRECTION FROM S.W. 16TH ST., SOUTH AN APPROXIMATE DISTANCE OF 1200 FEET, RENTON, KING COUNTY, WASHINGTON, BY DOING ALL WORK NECESSARY IN CONNECTION THEREWITH, LEVYING AND ASSESSING THE AMOUNTS THEREFOR AGAINST THE SEVERAL LOTS, TRACTS, PARCELS OF LAND AND OTHER PROPERTY AS SHOWN ON SAID ASSESSMENT ROLL AS CONFIRMED BY THE CITY COUNCIL; AND PROVIDING FOR THE PAYMENT OF SUCH ASSESSMENTS INTO THE LOCAL IMPROVEMENT FUND, DISTRICT NO. 307 OF THE CITY OF RENTON, WASHINGTON AS CREATED BY ORDINANCE NO. 3182 AS AMENDED BY ORDINANCE NO. 3418 WHEREAS the assessment roll levying the special assessment against the property located in Local Improvement District No. 307 generally described as constructing and installing of curbs and gutters, asphalt paving, all underground utilities, water, storm, sanitary sewer, power telephone and street illumination, together with all necessary appurtenances thereto on Raymond Avenue S.W. running in a southerly direction from S.W. 16th St., south an approximate distance of 1200 feet, Renton, King County, Washington created under Ordinance No. 3182, dated November 28, 1977, as amended by Ordinance No. 3_, dated April __21,t- 1980 has been filed with the City Clerk of the City of Renton, Washington by the Director of Public Works, as provided by law; and WHEREAS due notice of the time and place of hearing thereon and making objections and protests to said roll was duly published at and for the time and in the manner provided by law, fixing the time and place of hearing thereon for April 7, 1980 at the hour of 8:00 P.M. in the City Council Chambers, City Hall, Renton, Washington, and due notice thereof was timely mailed by the City Clerk to each property owner Page 1 1 shown on said roll as provided by law and as further specified in RCW 35.44,090 and said hearing having been duly held as aforesaid; and WHEREAS at the time and place fixed and designated in said notice, said hearing on said assessment roll resulted in the following protests and/or objections, as received by the City Clerk prior to, at and during said public hearing, to-wit: NAME OF PROTESTING PARTY ADDRESS LEGAL DESCRIPTION NO 1'lt0'1ESTS and the City Council having duly considered said assessment roll together with the written protests and objections filed in connection therewith, as aforestated, and having duly considered said protests, and the City Council sitting and acting as a Board of Equalization for the purpose of considering the roll, benefits to be received by each lot, parcel and tract of land shown upon said roll, including the increase and enhancement of the fair market value of each such parcel of land by reason �of said improvement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO ORDAIN AS FOLLOWS: SECTION I: That the assessments and assessment roll of Local Improvement District No. 307 which has been created and established for the purpose of paying the cost of construction and installing certain sanitary sewers and trunk lines and appurtenances thereto, and all as more particularly described in Ordinance No. 3182, as amended by Ordinance No. , further reference hereby had thereto, and all in accordance with said Ordinance be and the same is hereby in all things approved and confirmed, so that the total amount of the assessments and assessment roll of said Local Improvement District is in the sum of $492,768.87. SECTION II: That each of the lots, tracts, parcels of land and other property shown upon said assessment roll is hereby determined and declared to be specially benefited by said improvement in at least the amount charged against the same, and the assessments appearing against the same are in proportion to the several assessments appearing upon said roll. There is hereby levied and assessedainst each lot tract� c or parcel of land, or other property appearing upon said roll, the amount finally charged against the same thereon. Page 2 ✓�J,fl s iso A .. n SECTION III: That the assessment':roll;;,asapproved and 'confirmed shall be filed with the,Director of Finance, for. collection and.,said Director of Finance is hereby authorized .and directed, `to publish"notice .as raquued by law, stating that said roll..is in her hands for collection.'and that payment.-'of any assessment thereon or any portion of said assessment can be , made 'at any time within thirty days from date of first publication of said notice,•. without,penalty, : interest or cost, and that thereafter the sum remaining unpaid, maybe, a id in ten equal,annual installments with interest thereon hereby fixed at .the .rate of:twelve per cent per annum,,,provided,:however, that if the net effective- interest rate. fixed' on.::the'local improvement .bonds hereafter issued for Local Improvement District No. 307, is;, ess:;:than;,111 1/2%; per .annum, the interest rate on the unpaid assessments shall be. revised:>..W'i,.�rate:of 1/2 of .1% in excess of the net y effec#ive. interest rateon .such bonds. " The fust: installment of assessment on said assessment roll shall become._due and :payable..'.during the::thirty day period succeeding the date one year, .after.:the. date .of first. publication ,by the Director of Finance of notice that the assessment roll is .in her hands.. for collection and annually thereafter each succeeding. installment shall become due- and payable in like manner. If the whole or any portion of the assessment remains unpaid.after the first 30 day period, interest upon the whole. unpaid sum shall be charged at: the rate of twelve per cent per annum, provided, however, that, if the net effective,intdrest rate fixed on the local improvement bonds hereafter issued for Local Improvement District No. 307 is less than 11 1/2% per annum, the interest rate on the, unpaid: assessments shall. be revised .to a rate of 1/2 of 1% in excess of the net effective interest rate on such bonds, and each year thereafter one of said installments, together with interest due on the whole of the unpaid balance, shall be collected. Any. installment not paid prior to expiration of the said 30 day period during which installment is due and payable shall thereupon become delinquent. All delinquent installments shall be subject, to a charge of interest at 12% per annum. Plus an additional charge of 8.k% penalty levied upon both principal & interes,t due upon such.installment or installments. Page 3 SECTION IV: All of such assessments or installments thereof, and interest and penally, if any thereon, when collected by the Director of Finance shall be paid into the Local Improvement Fund, District No,, 307, of the City of Renton as created by said Ordinance No. 3182, as amended by Ordinance No. 3418 � and shall be used solely for the purpose of paying the principal and interest on the warrants and bonds drawn upon or issued against said Fund, or in case no bonds have been issued, then in payment of any installment note or notes as provided for in RCW 35.45.150, as may be determined by the City Council of the City of Renton. SECTION V: This Ordinance shall be effective upon its passage, approval and five days after its publication, unless otherwise provided for hereinabove. PASSED BY THE CITY COUNCIL this 21st day of April, 1980. Delores -A. Mead, City Clerk APPROVED BY THE MAYOR this 21st day of April, 1980. Barbara Y. Shin ch, Mayo Approved as to form: Lawrence J. Warren, City Attorney Date of Publication: April 30, 1980 Page 4