HomeMy WebLinkAboutORD 2190 i
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AN OPcDINANCE OF THE CI'I'Y OF R�Pi'I'OId, WASRING't"C}N ORDERSNG T�IE
CONS'I'RUCTION AND INSTALLATION OF CERZ"AIN WATER MAINS AND
APPURTENANCES THERETQ 4JITHIN OR ABOU1" 142nd PLACE SOUTHEAST
ZN THE CITY OF REN'I�OI�, taASHING1bN, ALL IN ACCORDANCE t4ITH
RESOLUTIO�d N0. 132A d� T�� CITY COUNCIL OF THE CITY OF RENZbN, I
WASHINGTON; ESTABLISHING LOCAL IMPROVEMENT T7ISZRICT N0. 254,
PROVIDING THE METF€OD OF ASSESSMENT IN SAit3 i3ISTRIC'I'; PROVII}ING
THAT PA'YMENT FQR SAID IMPROVEMENT BE i�#ADE BY SPECIAL ASSESSMEi3TS
I UPON PROPERTY IN SAID DI3TRIGT, PAXA$LE BY THE A�t7DE {}F "PAYMENT
BY �('1ND", OR NOTES IN Llytl �HE�tEOF AS DETERMINEU BY THE CITY
CAITNCIL; AN17 PROVIDING FOR THE ISSUANCE AND. SALE OF IAGAL IMPROVE-
MENT DISTRICT WARI2AAiTS REDE�MABLE IN CASH AND LOCAL IMPROVEMENT
DISTRZCT BONDS 0!2 NOTES
WHEREAS by i2esal�ation Na.��_, adopted September 2p , 1965, the City Council
of the CITY OF RENT'4?N declared i�s intenLian to construct and instal2 certain water
mains and appurtenances theretQ on or about 142nd Place Sautheast, within the Plat I
af Cedar River Summer Hc�me Sites, all lcrcated in Renton, King County, 6Jashington,
and fixed the llth day af October, 1965 in the City Cauncil Chambers in the City
Hall, Renton, Washington as the time and place for hearing all matt�:rs re2ating to
said prnpased a.cnprovement and all objections thereto and Eor determining the method
of payment far sai.d improvements, and
WHEREAS Jack Wilsan, City Engineer, has caused an estimate to be made of the
cost and expense of Lhe prfl posed improvement and has certified said estimate to the
City Council, together with all papers and information in his possessian touching
upon the proposed improvement, a description of the boundaries of the District, a
statement of what portian of the cost and expense should be borne by the property
witttin the proposed District, a statement in detail of the Local Zmprovement assess-
ments outstar�ding or unpaid against the groperty in the prQposed District, and a
statement of the accurate actual valuati.on of the real estate, including 259'a of the
I actual vaZuatian of the improvec�ents in the proposed District, according to the valu-
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ation last p2aced upon i.t for the pc�rpose o€ general taxation; and
6JHEREAS said estic�ate is accamganied by a diagram �rf the groposed icnprovement
showing thereon the lots, tracts, parcels of land and other prapexty which will be
I, specially benefited by the proposed imgravement, and the estimated a�ount of the cost �
' and expense thereof to be barne by each lat, tract and parcei of 2and or other property
within said District; and
WHEREt�S due notice of the hearing upon said Resolution No.��wa,� given in
the manner provided by law, and said hearing was duly held bq the City Council at its
regnlar meeti.ng on October 2I , 1965, and thereafter eantinued ' 4ctober 1$, I465,
� and all protests entered having been duly consi@ered and the total amount of said
� prote �t� n not exceeding 44.9% of the tatal estimated assessment; and
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�JHE�EAS at said heaXirag, the City Council has given due cansiderati+an to the
special benefits to be received frocn such proposed ic�provement by a12 of the properties
to be included Wi��13.ti the �7IO�OS2t3 L4C3�. I�ngrovement Distriet, and
WHEREAS the City Cauncil deecns it in the best interest of the City and af the
owners of the property within the proposed Lacai Impravement District that said pro-
pased i�provec�ent as hereinafter described be carried out and �hat a Local I�aprovement
1?i.strict be created in connection therewith; IdOW TfiERER4RE
BE IT ORIIAINED BY THE MAYOR AND T�E CI'TY CpUNCIL dF THE CI'1`Y OF �ENZ'ON,
�r)ASHING'P0N AS FOLI4WS:
SECTLQN I: The following water mains and appurtenances within I42nd P2ace
Southeast, in the Citp of Rentan, shall be constructed and installeds '�C3"W3-t:
APPROX.
SIZE PIPE ON FROM �- ,
6" C.I. Pacific Coast Railroad Lat 1 Lot I4 Cedar River
Utility Easement 5ummer Home Sites
4" C.I. Pacific Coast Railroad Lat I4 Lot 19 Cedar River
Ri�ht-of-l�Jay Easement Summer Home Sites
There shall be included in the foregoing the acquisition and installatian af aJ.l nec-
essary valves , fittings , cauplings, connectians, eq�uipment aad appurtenances, and
the acquisition �f anq easements, rights �f way and land that may i�e required; and
tt�ere shall be included the perform�nce of such wark as may be incidental and necessary
to the foregaing construction and installation.
The City Cauncii may modify the detai3s of the faregoing described improvement
where in its judgc�ent it appears advi�able, provided such m4difications do not snb-
stantially alter the glan of said improveaent. All o� the foregoing shall be in
accardance with the plans and specifications therefor to be prep,a�ced by the City
Engineer. I
SECTIOid 2: �here is hereby established and created a Local Improvement District
to be called "L,�cal Improvement District No. 254 of the Gity oE Renton} jaashingtan",
the boundaries of such Local Im��E:avement District being described as follows:
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The easterly 50 feet of Lot 1, all of Lots 2 to 18 inclusive, and the westerly 14
feet af Lot 19, Cedar River Summer Home Sites accarding to the plat recorded in I
Volume 3i of Plats, Pa�e 44, Records o£ King County, t�+tashington.
SECTIQN 3: The estimated cost and expense af said improva��tis hereby declared
to be $ 6,?$9.96 . The entire cast and expense of said isnpravement, ine2uding the
cost and expense of a11 enginesring, legal, inspectior►, adverti.sing, publication of
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notices and other expenses incidental thereto, shall be borne by and assessed agai�.nst T
the property specially benefited by such improvement included in the Lacal I�iprovement
District established, embracing, as near as may be, a13 property specia22y benefited
by such ic�provement.
SECTION 4: The nature of the improvement provided for herein is such that the
special benefits conferred oa the property are fairly reflected by the use o€ the
statutory terr►ini and zone method of assessment, and it is hereby provided and ordered
that the assessnent shall be made against the property of the Bistrict in accordat�ce
with said method. All progerty included within the limits of the Loca2 Improvement
District above crea ted shall be considered to be the property specially "b enefited
by such Local Improvement and shall be the property to be assessed to pay the cost
and expense thereof as hereinabove specified.
SECTIOld 5: Local Ir►provement District warrants shall be issued in payment of
#he eost and expense of the improvement herein ordered. Such warrants shall be payable
out of said "Local Improvement Pund, District No. 254" to bear interest from the date
thereof at a rate to be fixed hereafter but aot to exceed 6� per annun and to be
redeemed in cash� and/flr by Local Improvement District bonds herein authorized to be
issued, said interest-bearing warraats to be hereafter re€erred to as "revenue warrants".
Such bosds shall bear interest at a rate to be hereafter fixed but not exceeding 69'0
per annun; shal2 be payable on or befflre twelve years frorn the date of issuance,
the life of the improvement ordered being not less than twelve years, and shall be
issued in exchan�e 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 ro12 for
Local Improvecnent District PIo. 254 is in her hands for coZlection. The bonds shall
be redeemed by the collection of sQecial assessments to be levied and assessed upon
the property within said District, payable �n ten equal annual installments, with
interest at a rate to be fixed hereafter, but not exeeeding 69'o per annum, under the
mode of "payment by bonds" or by "Notes in lieu thereo€", as def ined by law and the
ordinances of the City of Ranton. 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% which shall also be collected.-
The exact form, amount, date, interest rate and denomin��.on of said warrants and
bonds, shall be hereafter fixed by ordinance of the City Council; however, the City
Council may, in lieu of the issuance of such bonds issue installment notes payable
out of the Local improvenent Bistrict Fund as provided by law, speeial reference being
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made to RCGI 35.45.15�. Said warrants and bonds, or notes in lieu of said bonds, '
sha1Z be sold in such Qanner as the City Council shall hereafter determine.
SECTION b: AI1 the work necessary ta be done in cannection with the rnaking �
of said improveraent shal3 be done by and raade by cantract upon competitive bids and t-'�e ,
City sha22 have and reserves the right to reject any and all bids. The cal3 €or bids
for work authorized pursuant to this prdinar�ce shall include a statement that payment
for said work wilt be made in cash warrants drawn upon the "Local Iz�provement Fund,
District Na. 254". I
SEGTIOI� 7; There is hereby created and established in the off ice of the City
Treasurer of the City af Renton, for Local Improvem,ent T7istrict No. 254, a sgecial fund
to be known and designated as "Lacal Imprave�nent Fund, District IVo. 254" into which fund
shali be deposited the proceeds £razn the sale of revenue warrants drawn against said
fund which may be issued a�d sold by the City and CQII2C�14L1S pertaining to asssssr�ent,
and against which fund shall be issued cash warrants to the contractor or contractors �
i.n payment for the work to be done by them in connection with said improvement, and
again F�hich fund cash warrants shall be issued in payrnent af aIl other items of
expense in eonneetion �aith sa id ia►pravement.
SECTION $: The City Engineer is hereby authori�ed �nd directec3 ta r_al� far #zds,
in the raanner provided by law, for the construction and installation of the imprave-
ments authorized herein.
SEGTIC3N 9: The City reserves the right to issue, irt lieu of bands and �rarrants
in payn�ent o€ the c�st and expense af the aforesaid Local Ir•lproveMent District install-
ment note or nates payable out o£ the Local I�prover�ent District fund whenever such
note ar nates are sold exclusively to another fund of the City as an investr�ent thereof,
and as £urther provi�i�d by law. Such instal3ment nnte or notes may be issued any
time after a thirty day psriod allocaed by law for the pay��ent of assessments of said
District without penalty or interest, and such note or notes �ay be of anq denor�ination
ar denominations, the aggregate of which shall represent the balance af the cost and �
expense af the Lacal Inpravewent Bistrict which is to be borne by the property owners I
t'�erein, ancl as further pravided by law.
PASSED BY THE CITY CpUNCIL this 25th day of October, 1965, I
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He . ie N�lson, Ca.�.y Clerk �
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APPRflVED BY fiHE t�}AYE�R this 25th t3ay of October 2 b5. � � � y��"
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App�^oved as to for�: Donald Trd. Custer, Mayo�- �- �
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Gerard M. Shellan, Citv ttornev i
n�'�e of Publ ication: �CT 2 7 1965