Loading...
ORD 91-12 INSTALLATION OF WATER LINES IN YEOMALT POINTCITY OF WINSLOW, WASHINGTON ORDINANCE NO. 91-12 AN ORDINANCE ordering the construction and installation of certain water lines and appurtenances in the Yeomalt Point area of the City pursuant to property owners' petition therefor; establishing Local Improvement District No. 14 and ordering the carrying out of the proposed improvement; providing that payment for the improvement be made by special assessments upon the property in the District, payable by the mode of "payment by bonds"; and providing for the issuance and sale of local improvement district warrants redeemable in cash or other short-term financing and local improvement district bonds.. WHEREAS, a petition for the creation of a local improvement district to provide for the construction and installation of certain water lines and appurtenances in the Yeomalt Point area of the City, all of the cost thereof to be borne by the property included in the local improvement district and benefited by those improvements, was filed with the City Clerk -Treasurer; and WHEREAS, Kato and Warren, Inc., the City's consulting engineer, has caused an estimate to be made of the cost and expense of the proposed improvement and certified that estimate to the City Council, together with all papers and information in its possession touching the proposed improvement, a description of the boundaries of the proposed local improvement district and a statement of what portion of the cost and expense of the - 1 - JFS/ W2531f 12/12/90 improvements should be borne by the property within the proposed improvement district; and WHEREAS, that 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 cost and expense thereof to be borne by each lot, tract and parcel of land or other property; and WHEREAS, the City Council, by Resolution No. 90-36 adopted September 6, 1990, fixed December 6, 1990, 7:00 p.m., local time, in the Council Chambers of the City Hall as the time and place for hearing all matters relating to the proposed improvement and all objections thereto and for determining the method of payment for the improvements; and WHEREAS, due notice of the above hearing was given in the manner provided by such Resolution No. 90-36, and the hearing was held by the City Council on the date and at the time above mentioned, and all persons appearing at such hearing and wishing to be heard were heard and all objections were considered by the City Council; and WHEREAS, the City Council has determined it to be in the best interests of the City that the improvement as hereinafter described be carried out and that a local improvement district be created in connection therewith; NOW, THEREFORE, 2 - JFS/lo/2531f 12/12/90 THE CITY COUNCIL OF THE CITY OF WINSLOW, WASHINGTON, DO ORDAIN as follows: Section 1. Richard M. Kato of Kato and Warren, Inc., the City's consulting engineer, has examined such petition and has certified that he has determined such petition to be sufficient and that it has been signed by the owners of 65.2% of the area included in the proposed district. Section 2. The City Council of the City of Winslow, Washington (the "City"), orders the construction and installation of water lines and appurtenances in Yeomalt Point Drive from existing water main (approximately 500 feet east of Park Avenue) to the end of Yeomalt Point Drive (Maple Drive), in Dingley Road from Fairview Avenue to Madrona Drive, and in Yeomalt Place from Yeomalt Drive to the end of Yeomalt Place. All of the foregoing shall be in accordance with the plans and specifications therefor prepared by Richard M. Kato of Kato and Warren, Inc. and may be modified by the City Council as long as such modification does not affect the purpose of the improvement. Section 3. There is created and established a local improvement district to be called Local Improvement District No. 14, of the City of Winslow, Washington (the "District"), the boundaries or territorial extent of the District being more particularly described in Exhibit A attached hereto and by this reference incorporated herein. -3- Section 4. The total estimated cost and expense of the improvement is declared to be $120,300.00. The entire cost and expense shall be borne by and assessed against the property specially benefited by such improvement included in the District, which embraces as nearly as practicable all property specially benefited by such improvement. Section 5. In accordance with the provisions of RCW 35.44.047, the City may use any method or combination of methods to compute assessments which may be deemed to fairly reflect the special benefits to the properties being assessed. Section 6. No property, any portion of which is outside the District, may connect to those improvements constructed or made a part of the District unless either that property shall have been subject to the special assessments on the assessment roll for the District or the owners of that property shall have paid prior to such connection a charge in lieu of assessment which shall be at least the equivalent of those assessments which would have been applied to that property had it been included within the District. Section 7. Local improvement district warrants may be issued in payment of the cost and expense of the improvement herein ordered to be assessed, such warrants to be paid out of the Local Improvement Fund, District No. 14, hereinafter created and referred to as the Local Improvement Fund, and, until the bonds referred to in this section are issued and delivered to 4 - JFS/lo/2531f 12/12/90 the purchaser thereof, to bear interest from the date thereof at a rate to be established hereafter by the City Clerk -Treasurer, as issuing officer, 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." In the alternative, the City hereafter may provide by ordinance for the issuance of other short-term obligations pursuant to Chapter 39.50 RCW. The City is authorized to issue local improvement district bonds for the District which shall bear interest at a rate and to be payable on or before a date to be hereafter fixed by ordinance. The bonds shall be issued in exchange for and/or in redemption of any and all revenue warrants issued hereunder or other short-term obligations hereafter authorized and not redeemed in cash within twenty days after the expiration of the thirty -day period for the cash payment of assessments without interest on the assessment roll for the District. The bonds shall be redeemed by the collection of special assessments to be levied and assessed against the property within the District, payable in annual installments, with interest at a rate to be hereafter fixed by ordinance under the mode of "payment by bonds," as defined by law and the ordinances of the City. The exact form, amount, date, interest rate and denominations of such bonds shall be hereafter fixed by ordinance of the City - 5 - JFS/lo/2531f 12/12/90 Council. Such bonds shall be sold in such manner as the City Council shall hereafter determine. Section 8. In all cases where the work necessary to be done in connection with the making of such improvement is carried out pursuant to contract upon competitive bids (and the City shall have and reserves the right to reject any and all bids), the call for bids shall include a statement that payment for such work will be made in cash warrants drawn upon the Local Improvement Fund. Section 9. There is created and established in the office of the City Clerk -Treasurer for the District the Local Improvement Fund, into which fund shall be deposited the proceeds from inter -fund loans and the sale of revenue warrants or other short-term obligations drawn against the fund which may be issued and sold by the City and collections pertaining to assessments, and against which fund shall be issued cash warrants to the contractor or contractors in payment for the work to be done by them in connection with the improvement, and against which fund cash warrants shall be issued in payment for all others items of expense in connection with the improvement. Section 10. Within fifteen (15) days of the passage of this ordinance there shall be filed with the City Clerk -Treasurer the title of the improvement and District number, a copy of the diagram or print showing the boundaries of the District and the preliminary assessment roll or abstract of 6 - JFS/lo/2531f 12/12/90 such roll showing thereon the lots, tracts and parcels of land that will be specially benefited thereby and the estimated cost and expense of such improvement to be borne by each lot, tract or parcel of land. The City Clerk -Treasurer shall immediately post the proposed assessment roll upon her index of local improvement assessments against the properties affected by the local improvement. PASSED by the City Council this 28th day of February , 1991. APPROVED by the Mayor this 28th day of February , 1991. Q'i ISAM J.LqRANATO, Mayor ATTEST/AUTHENTICATED: bnkTA JE XTO City Cle Treasurer APPROVED AS TO FORM: ROD--P.-KASEGOMA, City Attorney FILED WITH THE CITY CLERK: February 5, 1991 APPROVED BY THE CITY COUNCIL: February 28, 1991 PUBLICATION DATE: March 6, 1991 EFFECTIVE DATE: POSTING DATE. March 6, 1991 ORDINANCE NO. 91-12 -7- I, DONNA JEAN BUXTON, City Clerk -Treasurer of the City of Winslow, Washington, certify that the attached copy of Ordinance No. 91-12 is a true and correct copy of the original ordinance passed on the 28th day of February, 1991, as that ordinance appears on the Minute Book of the City. DATED this 28th day of February , 1991. x' � DONNA JEAN-'ttJXTOI4 City Clerk -Treasurer 8 - JFS/lo/2531f 12/12/90