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HomeMy WebLinkAboutORD 3033 � . y `" • r iM,••�x.�';�.. ORDINANCE NO. 3033 RN ORDINANCE OF THE CITY OF _RENTON, WASHINGTON, � ORDERING THE CONSTRUCTIOI3 AND INS�ALLATION OF !, ��ANYTARY SEWERS AND TRUNK LINES AND APPURTENANCES THERETO ' ' IN THE VICINITY OF IN AND NEAR EAST VALLEY HIGHWAY, 920 FEET NORTH OF S.W. 43rd STREET (S . 180th St. ) RENTON, KING COUNTY, WASHINGTON, ALL IN ACCORD- ANCE 4�ITTH RESOLUTION N0. 2026 OF THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON; ESTABLISHING LOCAL IMPROVEMENT DISTRICT NO. 298 PROVIDING THE METHOD OF ASSESSNLENT IN SAID DISTRICT; PROVIDING THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECIAL ASSESSMENTS UPON PROPERTY IN SAID DISTRICT, PAYABLE , BY THE MGDE OF "PAYMENT OF BONDS" , OR "IvOTES" IN LIEU THEREOF AS DETERMINED BY THE CITY COUNCIL; PROVIDING FOR THE ISSUANCE AI3D SALE OF LO�AL IMPROVEMENT DISTRICT WARRP,�ITS RED�EMABLE IN CASH AND LOCAL IMPROVEMEI�TT DISTRICT BONDS OR NOTES. WHEREAS by Resolution No. 2026 passed and approved on April 12 , 1976 , the City Council of the City of Renton � declared its intention to construct and install certain sanitary sewers and trunk lines and appurtenances thereto within certain territory in the vicinity of in and near East Valley Highway, 920 feet North of S.W. 43rd Street (S. 180th St. ) as hereinafter more particularly described, and fixed the lOtl�lay of MaY , 1976 in the City Council Chambers in the Municipal Building, Renton, Washington, as the time and place � for hearing all matters relating to said improvements and all objections thereto and for determining the method of payment for said improvements, and the above Resolution being also supported i by a Petition of owners containing signatures of 68 . 60 of the owners of lineal front footage, and WHEREAS the Director of Public Works has caused an esti- mate to be made of the cost and expense of the proposed improve- ment and has certified said estimate to the City Council, to- gether with all papers, data, and information in his possession relating tn the proposed improvement, description of the boundaries of the District, a statement of what portion of the cost and I expense should be borne by the properties within the proposed District, a statement in detail of the Local Improvement assess- ment outstanding or unpaid against the property in the proposed District, and a statement of the aggregate actual valuation of the real estate, including 25°s of the actual valuation of the _ Z _ • . . � y � � � � V• r improvements in the proposed District, according to the valua- . tion last placed upon it for the purpose of general taxation; and Tn]HEREAS 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 �nd parcel of land or othex� property within said District; and WHEREAS due notice of the hearing upon said Resolution No. 2�26 was given in the manner provided by law, and said hearing was duly held by the City Council at its regular meeting on May 10, 1976 at the hour of 8 :00 P.M. and the following protests having been filed and duly considered, to-wit: Name of Protestant Address NONE �f and said total protests not exceeding none % percent of the total cost bearing owners within said District; 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 deems it in the best in�erest of the City and of the owners of the property within the proposed Local Improvement District that said improvernent as hereinafter described be carried out, and that a Local Improvement District be created in connection therewith; NOW THEREFORE - 2 - � ,� r � ' .. • BE IT ORDAINED BY THE MA.YOR AND THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, AS FOLLOWS: SECTION T: The following sanitary sewe�s and trunk lines and appurtenances thereto shall be constructed and installed in the vicinity of in and near East Valley Highway, 920 Feet North of S.W. 43rd Street (S . 180th St. ) Renton, King County, Washington, as more particularly described hereinbelAw, to-wito See attached exhibit and there shall be incTuded in the foregoing the acquisition and installation of all necessary pipe, manholes , valves , fittings , couplings, connection equipment and appurtenances , together with the acquisition of any easements, rights of way and land that may be required; and th�re shall be included the performance of suc� work as may be incidental and necessary to the foregoing construc- tion and installation. The City Council may modify the details of the foregoing described improvement where, in its judgment, it appears advisable, PY'O�T�.''�.ar?C1 S'w:'� x_;=�v.?.:3..i,:��'�.t?MS �U i:0� Su��i u�.:'ii 1c.��1�' a.i.tex ��i.� ��.c'�:1 Q� a-S�a.IA +.lirJ�iJtlLEiZ�ai�.3 �1�. VL R..�G1�.. L13Li..,�Vw:�� r)13��� AIC.. .iJl �lil�ViV.�Ait+l� with the plans and specification �herefor to be prepared by the� Director of Public Works . SECTION II: There is hereby established and created a Local Improvement District to be called "Local Improvement District No. 2g8 of the City of Renton, Washington" , the boundaries of such Loca1� Improvement District being described as follows : � i - 3 - I ' � .� . � _ .:r � . . .. , SECTION II2: The estimated cost and expeflse of ssid � improvement i� hereby declared to be approximately $ 245,940.36. The entire cost and expense af said improvement, including the ' cost and expense of all engine�ring, legal, inspection, adver- tising, publication of notiees and a�her expenses incidental thereto, sha11 be borne by and assessed against the property specially benefited by such inrt�rovement included in the Local Improvement District Na. 298 established, embracing, as near a� �nay be, a1I pro����y s�e�3a��y k�erL�fited by such improvement. � SECTION IV: The nature of the imgrovement provided for ' herein is such that the special benefi.ts conferred upon the property are fairly reflected by the use of the lineal front footage method of assessment, and it is her�by provided and ordered that the assessment sha1Z be made against the prop- erty of the District in accordance with said methods. All property included within the limits of the Local Improvement District above created shall be considered to be the property specially benefited by such Local Improvement and shall be the property to be assessed to pay the cost and expense thereof as hereinabove specified. SECTION V: Local Improvement District warrants shall be issued in payment of the c�s� and expense af the improve- ment herein ordered. Such warrants shall be payable out of said "Local Improvement Fund, Di�trict Noe 298 " , to bear interest from the date �hereof at a rate to be fixed hereafter, but not to exceed 8 $ per annum and to be redeemed in cash, and/or by Local ImFrovement District bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred i to as "revenue warrants" . Such bonds shall bea.� interest at a rate to be hereafter fixed but not exceeding $ � per annum; shall be payable on or before 12 years from the date of issuance, the life of the improvement ordered being not less than 20 years, and sha�.l be iss�aed in exchange for and in , - 4 - . ,- �. , .. • . .. ,�,� ., � 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 Director of Finance of � no�ice that the assessment roll for Local Improvement District No. 298 is in his hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said Bistrict, payable in 10 equal installments, with interest at a rate to be fixed hereafter but not exceeding 8 $ per annum, and a penalty af 10 $ which shall also be collected. The exact form, amount, date, interest rate and denomination of said warrants and bonds shall be here- after fixed by Ordinance of the City Council. SECTION VI: All the work necessary to be done in connec- tion with the making of said improveneents 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 authorized pursuant to this Ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District No. 298 " . SECTION VII: There is hereby created and established in the Finance Director' s Office of the City of Renton, for Local Improvement District No. 2gg , a special fund to be known and designated as "Local Improvement Fund, District No. 298 " , into which fund shall be deposited the proceeds from the sale of reve- nue warrants drawn against said fund which may be issued and sold by the City and collections pertain.�ng to assessment, and against which fund shall be issued cash warrants for the contractor or contractors irz paymernt for the work to be done by them in connec- tion with said improvement, and against which fund cash warrants shall be issued in payment of all other items of expense in connec- tion with said improvement. - 5 - . _ _ , � . E 6' • '� �1 s W � � � n SECTZQN VIII: The Directar of Publie 6�+Tazrks i� �iereby authorized and directed to call for bids, in the manner provided by law, for the cons�.ruction a��� installatian c�f the imp�overments authorized hereine SECTION IX: The City reserves the right to is�ue, in lieu af bonds and warrants in payment of the cost and expense of the a�oresaid Local Ianprovement District, installment note or nates payable ou� af the Local Improver��nt District Fund, pur- suant ta RCV�i 35. 45.150, whenev�r such nUte or notes are sold exclusiv�ly to an:other fund of �he City as an investment thereof, and a� further provided by law. Such ins�allment note ar a�otes may be �.ssuec� any time a�ter a thirt�-day period �llowed by law ��r the payment of assessments of said T7istrict without penalty or in�.erest, and s�.zch no�.e or notes may be of any de�.ominatian or denominations , �.he aggregate of which shall represent t�-�e balance o� the cost and expense of the Lc�cal Impravement District which is to be bcrrne by the p�r;perty owners therein, and .�s further � provided by law. PASSED �Y THE ��TY CaUNCIL this 17th day of May ,�,g7 6 d�.�'(��oa./ �. /'��'�.�.�( D�lores A. Mead, C�.�� Clerk APPROVED BY THE MAYOR this 17thday Of May �197 6 � �%�� S 4 .��� ��<:�+�r����� -Charles�s Delaiiren-�i, Mayar Approved as to form: ���r'c'r.� era d M.iShellan, City Attorney Date of Publacatian: 5-21-76 - 6 - , , - � �..0 , . - . � _ , EXHIBTT ��Bu ` . � _ _ ' . _ Pipe Size ON FROM �0 . - - ?2" . East VaZley Raad Metro M.H. R1.8-11 located 1998 I,F north of the . - in an easement west of off-rarnp, East Valley : Int. of East Valley Rc�ad Road (Int. to M.H. , and the off-ramp of SR=I67 Station 19+98) - 8"_ �'arce Main East Val3,ey Road , M.H. Statia�a 19+98 Narth 70 L.F. to Pump = ' 5�a.. Station 20+68 ; 10" East Valley Road M.H. Station 2p+68 North 800 L.F, to M.H. sta. zs+�s � �" East Valley Road M.H. 8t� . 28+68 North 2400 L.F. to M.H. - - � ` Sta. 52+68 and south = 300' L.F. fram the Inter- section of East Valley Rc,ad and S.W. 23rd St.� � ' � ' � - � � � � � ` - - � i��«�1llu:,-:SSv� T i�T�#� .5,� T�1 .� ,. . . .`�Yy. _ ,._. ,>.; � F''- :j�' " ..' . 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