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HomeMy WebLinkAboutORD 1343ORDINANCE No. 13+3 AN ORDNANCE PROVIDING FOR THE IMPROVEMENT OF PORTIONS OF HIGHLANDS ADDI`T'ION TO RENTON, MORGANIS GRAND VIEW ADDITION TO RENTON, AND RENTON CO-OPERATIVE COAL. COMPANY'S ACRE TRACTS (PLAT No.l) WITHIN THE CITY OF RENTON, KING COUNTY WASHINGTON, BY CONSTRUCTING LATERAL SANITARY SEWERS, WITH MAN -HOLES AND ALL APPURTENANCES AND WORK INCIDENTAL THERETO, ALL ITT ACCORDANCE WITH RESOLUTION No. 731 OF THE CITY COUNCIL OF THE CITY OF RENTON: CREATING .A LOCAL IMPROVEMENT DISTRICT THEREFOR: AND PROVIDING THAT PAYMENT FOR SAID IMPROVEMENT BE MADE BY SPECIAL ASSESSMENT UPON THE PROPERTY IN SAID DISTRICT PAYABLE BY THE MODE OF "PAYMENT BY BONDS". WHEREAS the City Council of the City of Renton by its Resolution No. 731 declared its intention to create a local improvement district in the below described areas of the City, and pursuant to the said Resolution, and upon petition filed for such improvement, a hearing was held on the 17th day of May 1949, at which hearing persons appear- ed in favor of and in opposition to the said improvement, the protests being by owners of property bearing less than 60% of the cost of the said improvements: and WHEREAS the City Council of the City of Renton has determined that the said improvement is necessary for the public health, safety and welfare of the City of Renton and particularly of the areas to be improved, NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RENTON DOES ORDAIN AS FOLLOWS.- Section OLLOWS: Section 1. That the following areas in the (a) Highlands Addition to Renton, (b) Morgants Grand View Addition.to Renton, and (c) Renton Co-operative Coal Company's Acre Tracts (Plat No. 1L all in the City of Renton, to -wit,: An area bounded on the North by the Seattle pipe line right of way referred to as Beacon Avenue; bounded on the East by Jones Street and the said right of way; bounded on the South by the South city limits of Renton, on 7th,8th, and 9th Avenues South; and bounded on the Nest by the following described line, to -wit: Beginning at a point on the southerly line of Seattle pipe line right of way, which point is 150 feet East at right angles from Cedar Street, running thence South to 7th Avenue,, thence Weston 7th Avenue to Renton City Limits, thence South of said city limits on Cedar Street, Renton Street, Grant Street to 9th Avenue.South; be improved by constructing lateral sanitary sewers with man -holes and all appurtenances and doing such work..as may be necessary in connection therewith, all in accordance with pians,prepared by the City Engineer. Section 2. That the costs and expenses of said improvement, in- cluding all necessary and incidental expenses, shall be borne by and assessed against the property included in the assessment district hereinafter created in accordance with law. The City of Renton shall not be liable in any manner for any portion of the cost and expense of said improvement. Section 3. That there is hereby established a local improve- ment district called "Local Improvement District No !2Z,3," which said district is all the property and area described in section 1 hereinabove. Section 4. Bonds bearing interest at a rate not to exceed six (6) percent per annum payable on or before ten (10) years from the date of issuance shall be issued in payment of the cost and expense of this improvement, which 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 the rate of six (6) percent per annum under the mode of "Payment by Bonds" as -defined by .law and Ordinances of the City of Renton. these bonds shall be delivered to the contractor in redemption of warrants on the Local Improvement District Fund issued on estimate of the City Engineer, or the City of Renton may, at its election, sell said bonds and make such redemption in cash. Sect ion 5. This Ordinance shall be in full force and effect five (5) days from and after its passage, approval and legal publicat- ion. Approved this L day of June 1949. Passed this J44, day of June 19 49 . Date of first publication: J -2- wiley Crbbk -City Cler