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HomeMy WebLinkAboutORD 2700 � ' • . , i�j �� � • , ,,• ., .. r�� ' . . . , � CITY OF RENTON, WASHINGTON ORDINANCE N0. ��Q� AN ORDINANCE of the City of Renton, Wash- ington, ordering the construction and installation of sanitary sewer lines and appurtenances thereto in the Kennydale area of the City of Renton, Washington, all in accordance with Resolution No. 1775 of the City Council of the City of Renton, Washington; establishing Local Improvement District No. 270; providing the method of assessment in said District; providing that payment for said improvement be made in part by special assessments upon property in said District, payable by the mode of "payment by bonds" or "notes" in lieu thereof as determined by the City Council; and providing for the issuance and sale of local improvement district warrants redeemable in cash and local improve- ment d�strict bonds or notes. WHEREAS, by Resolution No. 1775, adopted Novertber 22, 1971, the City Council of the City of Renton, in support of that certain petition filed with the City Clerk on or about August 5, 1971, for the creation of a local a.mprovement district, declared its intention to construct and install sanitary sewer lines and appurtenances thereto i,n the Kennydale area of the City of Renton, Washington, and fixed the 28th day of February, 1972, at 8: 00 o' clock P.M. (PST) in the Council Chaznbers in the City Hall in the City of Renton, Washinc�ton, as the time and place for hearing all matte,rs relating to said proposed improvement and all objections thereto and for determining the method of payment for said improvement; and I WHEREAS, Jack Wilson, City Engineer, caused an estimate i to be made of the costs and expenses of the proposed improvement and certified said estimate to the City Council, together with all papers and information in his possession touching the proposed improvement, a description of the boundaries of the District, a statement of what portion of the cost and expense of the improvement , • . r . . , y . ` . . . . e � , . . should be borne by the property within the proposed District, a statement in detail of the local impxovement assessznents outstanding or un�aa.d against the property in the proposed District, and a statement of the aggregate actual valuation of the real estate, ' includi.ng 25% of the actual valuation of the improvements in the proposed District, according to the valuation last placed upon it for the purpose of general taxation; and WHEREAS, said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels of land, and other property 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 and parcel of land or othex pro�erty; and WHEREAS, due notice of the hearing upon said Resolution No. 1775 was giyen in the �nanner provided by law and said hearing was held by the CitX Council qn Februaxy 28, 1972, and only one written protest �vas filed with the City Council on or before said date �c,�hich was duly considered by the City Council and then overruled and all persons appearing at said hearing were heard; and WHEREAS, at said hearing the City Council has given due consideration to the special benefits to be received from such proposed improvement by all of the properties to be included within the proposed local improvement district; and ' WHEREAS , the City Council has determined it to be in the best interests of the City that said improvement as hereinafter described be carried out and that a local improvement district be � created in connection therewith; NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, as follows : SECTION I. The City Council of the City of Renton, Washington, hereby orders the construction and installation of the following sanitary sewer lines, including flush stations and lift -2- . • . � • � ' • , . 4 � • • station, in the KennXdale axea of the City of Renton, Washington: Approx. Pipe Size On �rom To 8" C.I . Lake Washington The nortYi line S. line Lot 82, Shore Line of Lot 14, Block Block A, C. D. A, C. D. Hillman' s Hillman' s Lake Lake Washington Washington Garden Garden of Eden of Eden Division Division No. 2 No. 1 4" C.I. Easement oVer Pro�osed lift Existi.ng Metro Lot 2, Block A, station manhole No. RO 2-18 C. D. Hillman� s Lake Washington Garden of Eden DiVision No. 1 & B-N RR R/W _ 2 Flush Lake Washington Stations Shore Line 1 La,ft Lake Washington North line Lot 2{ Station Shore Line Blk. A� C. D. Hillman' s Lake Washington Garden of Eden Division No. 1 There shall be included in the foregoing the acquisition and installation of all necessarX valves, fittings, couplings , connections , equipment and appurtenances� and the acquisition of any easements , rights-of-caay and land that may be required; and there shall further be included the performance of such work as may be i.ncidental and necessary to the foregoing construction and - installat�,on, The City Council ma�, i,n its discxetion� �nodify and aznend the details of the foregoa,ng described improvement, including the financing thereo�, where in its judgment it appears advisable, ' provided such modifications and amendments do not substantially alter the general plan of said improvement project. All of the forec�oing shall be in accordance with the plans and specifications therefor to be prepared by the City Engineer of the City of Renton. SECTION II. There is hereby established and created a local improvement district to be called "Local Improvement District No. 270 of the City of Renton, Washington, " the boundaries of such local improvement district being described as follows: -3- • • . . , . • � . . . � . • ... .� All of Lots 14 through 67, Block A, C.D. Hillman's Lake Washington Garden of Eden Division No. 2, according to the plat recorded in Volume 11 of plats , page 64, records of King County, Washington; together with 2nd class Shorelands adjoining; also together with the westerly 15 feet of the Burlington Northern Railroad (Northern Pacific Railroad) right- of-way adjoining Lots 30 to 36; the North one-half of Lot 37; and Lots 55 to 67: TOGETHER with Lot 1 and Lots 36 to 82, Block A, C. D. Hillman's Lake Washington Garden of Eden Division No. 1, according to the plat recorded in Volume 11 of plats, page 63, records of King County, Washington, and 2nd class Shorelands adjoining; also together with that portion of Government Lot 3 in the Southeast one-quarter of Section 31, Town- ship 24 North, Range 5 East; W.M. located North of the North line of Lot 36, Block A, C. D. Hillman' s Lake Washington Garden of Eden Division No. 1 and extending from the Westerly margin of Mountain View Avenue in said Plat to a line parallel with and 20 feet West of the centerline of the existing Burlington Northern Railroad right-of-way. SECTION III. The total cost and expense of said improvement is hereby declared to be, as near as may be, the sum of $ 213,419. 77 Approximately $117, 534.18 of such cost and expense of said improvement shall be borne by and assessed against the property specially benefited by the improvement included in the local improvement district herein established embracing as near as may be all property specially benefited by the improvement. The balance of such cost and expense shall be paid from a grant anticipated to be received from the Department of Housing and Urban Development of the United States of America. There sha11 be included in the cost and expense of the improvement all cost items specified in RCW 35. 44. 020. ;SECfiIbN �TV. In accordance with the provisions of Section 7 of Chapter 258, Laws of Washington, 1969, lst Ex. Ses. , the City may use any method or combination of inethods to compute assessments which may be deemed to fairly reflect the special benefits to the properties being assessed. � SECTTON V. Local improvement district warrants shall be � issued in payment of that portion of the cost and expense of the improvement herein ordered to be assessed, such warrants to be payable out of the "Local Improvement Fund, District No. 270," hereinafter -4- . -• , . . , . - • . , . . created, to bear interest from the date thereof at a rate to be hereafter fixed by ordinance and to be redeemed in cash and/or by local improvement district bonds herein authorized to be issued, such interest�bearing warrants to be hereafter referred to as "revenue warrants . " Such bonds shall bear interest at a rate to be hereafter fixed by ordinance, shall be payable on or before twelve (12) years from the date of issuance, the life of the improvement ordered being not less than the term of the bonds, 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 of not to exceed sixty (60) days after the first publication by the City Treasurer of notice that the assessment roll for Local Improvement District No. 270 is in her hands for collection. The 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 to be hereafter fixed by ordinance, . under the mode of "payment by bonds, " or by "notes in lieu thereof," as defined by law and the ordinances of the City of Renton, Washington. In the event 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 by ordinance and a penalty of 7o which shall also be. collected. The exact form, amount, date, interest rate and denomination 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 II notes payable out of the Local Improvement District Fund as provided I by law, special reference being made to RCW 35. 45. 150. Said warrants and bonds , or notes in lieu of said bonds , shall be sold in such manner as the City Council shall hereafter determine. SECTION VI. All the work necessary to be done in connection with the making of said improvement shall be done by and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work -5- J � . . ra. , c ' , ' , • ' � . � authorized pursuant to this ordinance shall include a statement that payment for such work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 270. " SECTION VII . There is hereby created and established in the office of the City Treasurer of the City of Renton, for Local Improvement District No. 270 , a special fund to be known and designated as "Local Zmprovement Fund, District No. 270," into which fund shall be deposited any federal grant moneys received for the improvement and the proceeds from the sale of xevenue warrants drawn I against said fund which maX be issued and sold by the City and collections �erta�.n�,nc� to asgessments� and against which fund shall be issued cash h?arzants to the contxactor or contxactors a.n pay�nent for the �tozk to he done by them in cannection with the improvement, and against which fund cash �arrants shall be issued �n payment of all other items of expense i,n connection �c,�ith the iznprovement. �E�CfiIQ3V 'yz`��. Jack Wa.lson, City Engineer, is hereby authorized and directed to call for bids, in the manner prov�ded by law� for the construction and intallation of the improvement authorized herein. �EC'I'InN IX, The C�.ty reserVes the right to �,ssue� in lieu of bands and �arrants in payment of the cost and ex�ense of the aforesaid local iznprovement d�,strict, installment note or notes payable out pf the �ocal Im�royement District Fund whenever such note or notes are sold exclusively to another fund of the City as an investment thereof, and as further provided by law. Such installment note or notes may be issued any time after a thirty-day period allowed by law for the payment of assessments of said District without penalty or interest, and such note or notes may be of any denomination or denominations, the aggregate of which shall represent i -6- . � • . • ' ' M C • � �. , , • 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. PASSED BY THE CITY COUNCIL this 6th day of March, 1972. �- � ?��� Helmie Nelson, City Clerk �, � APPROVED BY THE MAYOR .this ��r day of March, 1972 . ��� . �"very G�ett, Mayor ' APPRO D AS TO FORM: �.� �. . . . . . . . . . . . . � � Gerard M. Shellan, City Attorney Date of Publication: �� � 0 �� -7-